The former human resources manager at ABC affiliate WTNH New Haven, Conn., has sued the station and its parent company, Nexstar Media Group, claiming gender and age discrimination and alleging that the station’s general manager made “sexist comments regarding young females.”
The gain to a record $693.4 million comes from higher political, retrans and digital contributions. Both local and national ad rev were down.
Nexstar chooses the former NBC television and marketing executive to lead its Lansing, Mich., CBS affiliate’s TV and digital operations.
As quarterly earnings season gets underway, the two station groups reveal dividend plans.
The company said that refinancing senior secured term loans and revolving credit facility will reduce its annual interest expense by approximately $7 million.
As the station group’s VP of local content development, Jerry Walsh explains how his four-person team is working to make every Nexstar station a better local news producer and programmer. In addition, he’s the newly minted chairman of RTDNA and he offers his take on the evolving mission of that group.
The station management veteran is moving from the GM post at WLNS Lansing, Mich., to lead WWLP (NBC), EWLP (CW) and WWLP.com.
Perry Sook’s Nexstar Media Group may be hoping to succeed with Tribune Media where Sinclair Broadcasting failed. The chief executive of the second-largest TV station owner in the country met last week with the Justice Department’s antitrust boss, sources say.
According to a lawsuit, former Assignment Editor Cheryl Fritze is suing Nexstar and its Lansing, Mich., CBS affiliate WLNS for sexual harassment.
Retrans and political helped offset lower ad revenue. Looking forward, CEO Perry Sook said that core is pacing better in 3Q and auto is a key improving category. Also on the upswing: attorneys, medical-health care, home repair, insurance, entertainment, utilities, real estate, lumber and hardware.
The gain to $660.3 million come from higher retrans, political and digital contributions. Both local and national ad rev were down.
It’s purchasing KRBK Springfield, Mo., and WHDF Huntsville, Ala., markets in which it already owns or operates stations. Nexstar President Tim Busch said: “The acquisitions … will allow Nexstar to generate incremental advertising and net retransmission consent revenue growth without increasing our total U.S. television household reach.”
An Alabama law firm that advertised on television is accusing the six biggest owners of TV stations — Sinclair Broadcast Group, Tribune Media, Gray Television, Hearst Corp., Nexstar Media Group and Tegna — of scheming to artificially inflate the price of ads, according to a new antitrust class action lawsuit.
The station group taps former Telemundo Boston executive Alexander von Lichtenberg to lead its Fox affiliate WFFF, WVNY and MyChamplainValley.com.
Shares of Nexstar Media Group soared Wednesday after Reuters reported that private equity firm Apollo Global Management had approached the second largest broadcast station owner in the U.S. about a possible buyout.
Buyout firm Apollo Global Management has approached Nexstar Media Group, an operator of television stations that reach nearly 40% of U.S. households, to express interest in acquiring it, according to people familiar with the matter. The approach comes a year after Nexstar’s $2.3 billion acquisition of peer Media General turned it into one of the largest U.S. broadcasters.
The record boost to $654 million includes contributions from the former Media General stations and is driven by increased local and national advertising, retransmission and digital revenue.
The lawyer and former tech executive John Hane is a solid choice to lead Sinclair and Nexstar’s new Spectrum Co. He knows spectrum, he understands business and he clearly shares those groups’ passion for the non-broadcast potential of spectrum once enhanced and amplified by ATSC 3.0.
The quarterly cash dividend of $0.375 per share marks the company’s fifth annual consecutive rise in cash dividends.
He will oversee the nascent Spectrum Co., the ATSC 3.0 spectrum consortium founded by Sinclair and Nexstar to promote “spectrum utilization, innovation and monetization by advancing the adoption of the ATSC 3.0 transmission standard across the broadcast industry.”
Major groups keep experimenting, looking to find the best ways to use Facebook and YouTube, both to expand their brands and eventually generate some revenue.
The local TV veteran with more than 35 years of experience is tapped to succeed Andy Alford as leader of WFLA (NBC) and WTTA (MNT) effective immediately.
In addition, the four — Bounce, Escape, Grit and Laff — have been renewed on 21 other stations, boosting Bounce to 86% of the United States and 95% of African-American households, while Escape, Grit and Laff will now reach 89%, 87% and 90% of all U.S. TV households, respectively.
Nexstar Media Group announced today that its board of directors declared a quarterly cash dividend of $0.30 per share of its Class A common stock. The dividend is payable on Friday, Dec. 1, to shareholders of record on Friday, Nov. 17.
Perry Sook, CEO of Nexstar Broadcasting negotiated one of the earliest retrans deals with an MVPD in 2005 Since Sook took his stand, retrans has grown into a powerful second revenue stream, contributing $40 billion to the top line of the industry. It has kept broadcasting in the TV game. Here, Sook talks about how this vital second revenue stream came to be and its prospects for the immediate future.
The management and sales executive with more than 20 Years of broadcasting experience returns to WOWK in Charleston-Huntington where he was held sales positions from 2005 to 2014.
The executive with more than 30 years of broadcast experience promoted to oversee Nexstar’s Southeast television and digital media operations.
Nexstar Media’s and Sinclair’s ATSC 3.0 spectrum consortium — which has recruited Univision and Northwest Broadcasting as members — is looking for a CEO to run the venture full-time. Nexstar CEO Perry Sook says the companies have hired a firm to find a CEO who can focus full-time on finding new members and orchestrating future revenue opportunities for the soon-to-be-available spectrum.
OTA Broadcasting had sold the spectrum of the Providence, R.I., CW affiliate in the FCC’s incentive auction.
Former Tribune Media executive Keith Hopkins brings extensive carriage and distribution experience and MVPD relationships to his new role.
Nexstar Media Group announced today that its board of directors declared a quarterly cash dividend of $0.30 per share of its Class A common stock. The dividend is payable on Friday, Aug. 25, to shareholders of record on Friday, Aug. 11.
The Nexstar San Francisco MNT affiliate is adding newscasts at 8, 9 and 10 p.m. beginning Aug. 21.
The move is designed to reflect the Nexstar station’s expanded geographic coverage with added local news focus in Maryland and Northern Virginia and a new web portal.
Produced by the grouop’s Washington news bureau, Your Voice Arkansas: A Congressional Forum will feature a discussion with Arkansas congressional leaders. The program will cover all 75 counties in the state, airing on KARK, KNWA, KTAL, WATN, KTVE and KOLR in two parts on July 27 and 30.
The two broadcasters will work together to coordinate the transition of the over-the-air delivery to ATSC 3.0 next-gen television services in 97 markets.
The Walls Fargo analyst reaffirms her Outperform rating for the station group’s stock with a target of $85. “We could not be more bullish,” she writes to clients. “In our view, this mgmt. team is doing everything right — in terms of capital allocation, M&A strategy, core operations, you name it.”