The deal covers affiliates in 31 markets. In a separate “OTT master agreement,” Nexstar picks up rights to distribute its Fox affiliates on virtual MVPDs that are already carrying Fox programming.
The veteran Rochester broadcasting executive is promoted from sales director to succeed the retiring vice president-general manager Louis Gattozzi at the Nexstar station.
The fledgling consortium started by Nexstar, Sinclair and Univision, now covers about 90% of the U.S. It plans to work to promote ATSC 3.0 innovation and develop products and services that can drive spectrum utilization, virtual MVPD platforms, multicast channels, automotive applications, single frequency networks and wireless data applications.
The action follows $48.7 million of share repurchases in this year’s second quarter that depleted the balance of a prior $100 million authorization.
The veteran local TV broadcaster moves from Bend, Ore., to oversee WOOD (NBC), WOTV (ABC) and WXSP.
The new contract runs through 2022 and also adds over-the-top digital distribution agreements.
The Tennessee native and TV news and management veteran returns to Nashville to lead Nexstar’s ABC affiliate there.
On Monday, May 22, Perry A. Sook, chairman, president and CEO of Nexstar Media Group Inc., becomes MFM’s latest Avatar Award recipient. He joins the associations’ former Avatar honorees as an exemplar of leadership who demonstrates a commitment to the media community as well as someone who has led his or her company to greater success.
Advertising technology and business strategy executives Anthony Katsur and Michael Kestenbaum named SVP of platforms and SVP of strategy and corporate development, respectively.
According to CFO Tom Carter, 1Q revenue that excludes the contributions from the recently acquired Media General stations broke down to: net revenue up 4.5% with local ad revenue up less than 1%, national ad revenue down less than 7%, retrans revenue up 32% and station website revenue up 12%. CEO Perry Sook said ad revenue now accounts for less than half the mega-group’s net revenue.
Top technologists at Al Jazeera, Sinclair and Nexstar predict the cloud will help producers break news more quickly, while artificial intelligence and Big Data will help them mine their archives for information, not just about news trends, but about how to shape stories for different audiences and distribution channels including mobile, social and OTT.
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, May 26, to shareholders of record on Friday, May 12.
The 2017 NAB Show exhibition opens Monday, April 24, and there will be much to see for broadcast engineers and technologists who find themselves grappling with the repack of the TV spectrum and a nearly completed new broadcast standard. Five top techs — one each from Gray Television, NBCU O&Os, Nexstar Media Group, Sinclair Broadcast Group and Tegna Media — talk technology and what they will be looking for at this year’s NAB Show. For a recap of TVNewsCheck’s multi-part roundup of NAB Tech Hot Topics, click here.
Gregory Raifman, a technology venture capital investor, whose background includes executive positions with Rubicon Project, LiveRail, Mediaplex and Dragon Media Onlie, is tapped to lead the broadcaster’s new digital operations subsidiary.
He moves from general sales manager to oversee the NBC-ABC affiliate in Clarksburg-Weston, W.Va.
The broadcast group’s EVP of business and chief revenue officer gets expanded responsibility to “accelerate the company’s transformation into a next-generation multimedia company.”
The broadcasting and sales management executive with more than 25 years of local media experience is promoted to lead its duopoly of WAVY (NBC) WVBT (Fox).
The veteran Nexstar Executive is appointed to a newly created position overseeing all company-wide local content initiatives and its expanded Washington news bureau. In addition, Chris Berg is promoted to senior director of local content development.
The general sales manager of the group’s CBS-MNT affiliate in Myrtle Beach-Florence, S.C., moves up to replace Randy Ingram who has moved to Nexstar’s Indianapolis duopoly.
The two station groups’ goal is to promote broadcast spectrum aggregation, innovation and monetization, in anticipation of the adoption of ATSC 3.0. They say they want to include other broadcasters in the effort to compete in wireless data transmission.
The addition of the station group expands LMC’s reach to more than half of all TV stations in the U.S.
The 24-year CBS news veteran and former Los Angeles news director to lead Nexstar’s expanding Washington news bureau.
Three legacy media executives at the Borrell Associates’ Local Online Advertising Conference in New York Monday shared what they believe were sure-fire signs of impending digital failure. Among them: Selling just time or space, salespeople need to be omni-market; not reaching for viewers on all devices; over-reliance on display advertising and ignoring pay walls.
“Suffice it to say that we are already in discussions, should the [FCC ownership] rules change, about opportunities that might be available to us,” Nexstar CEO Perry Sook told analysts and investors today.
The big driver for a record fourth quarter was political of $60 million, plus a 23% gain in retrans money and $25.7 million in digital revenue.The earnings report is the first since Nexstar closed on its purchase of Media General in January. The station group says that Media General shareholders will get $479 million from the sale of spectrum in the incentive auction. Nexstar sold no spectrum of its own.
Nexstar is now hiring a bureau chief, an executive producer and three more reporters to find the local angle on Washington goings-on for the station group’s 171 stations in 100 markets. “Our intention is not to chase what the president is doing and cover it from a national perspective, says Nexstar’s Jerry Walsh. “Our intention is to cover how the story in Washington affects our local markets.
The station group promotes her from its WFLA to a newly-created position overseeing Nexstar’s broadcast and digital local content initiatives.
The Nexstar executive with 20-plus years of broadcast sales and management experience moves from Jacksonville, Fla., to run operations in Savannah.
Steve Daniloff, an executive with more than 25 years of local broadcasting and sales management experience, is promoted to VP-GM of WBRE and WYOU. He succeeds Robert Bee who has been promoted to VP-GM of Nexstar’s ABC affiliate WHTM Harrisburg, Pa.
The station group moves him from its KASW Phoenix to oversee the Portland CBS affiliate.
The group owner taps Richard Graziano, a veteran broadcast and digital executive, to run its Connecticut ABC-MNT duopoly of WTNH-WCTX .
Christopher McDonnell will oversee KRON San Francisco and Randy Ingram will head the Indianapolis duopoly of WISH-WNDY.
The $4.6 billion deal will leave the resulting Nexstar Media Group with171 full-power stations in 100 markers covering nearly 39% of U.S. TV homes.