Nexstar

The multiyear renewal covers CBS affiliates in 39 markets owned by Nexstar and Its operating partners.

The U.S. broadcast TV could generate as much as $15 billion a year by 2030 from the provision of datacasting services enabled by ATSC 3.0, according to a deck revealed to investors Wednesday by Nexstar Media. That’s more than the $13 billion a year broadcasters currently make from retransmission fees.

A tentative “For Sale” sign is up at The CW, and Nexstar Media Group is leading the pack of potential buyers to acquire a majority stake in the broadcaster jointly owned by ViacomCBS and WarnerMedia. Why is the nation’s largest TV station owner interested in the youngest-skewing linear broadcast network — and why now?

After putting 25 stations on the air with the new transmission technology this year, it says it plans to convert another 20 markets in 2022, bringing its coverage of U.S. TV households with ATSC 3.0 to 50%.

ATSC 3.0 infrastructure will position stations to not just create their own OTT platforms, but also lease a portion of their spectrum for datacasting needed for smart cities, enhanced GPS, infotainment, autonomous vehicle control, and a host of IoT use cases. Leading experts on monetizing NextGen TV will gather for an LTN Global webinar to be produced by TVNewsCheck. Speakers will be (clockwise from left): John Hane, president, BitPath; Kerry Oslund, VP strategy and business development, E.W. Scripps; Mark Aitken, SVP advanced technology, Sinclair Broadcast Group and president, One Media; Brett Jenkins, EVP/CTO, Nexstar Media Group; and moderator Mary Crebassa, VP major accounts, LTN Global. Register here. 

It’s been four months since Comcast filed its FCC petition asking the agency to look at whether Nexstar is in violation of the 39% broadcast audience cap, and so far, it’s been crickets.

She will oversee the group’s retransmission consent agreements with MVPDs and virtual-MVPDs, as well as content negotiations with the company’s television network partners.

The media executive with more than 25 years of broadcast management and sales experience moves from Nexstar’s WSAV Savannah, Ga., to oversee its Dallas CW affiliate.

The sales and marketing executive with 20-plus years of local broadcast experience will oversee WTWO and Mission Broadcasting’s WAWV in Indiana.

TVNewsCheck’s Michael Depp talks with Dan Abrams, host of an eponymous new live show on Nexstar’s NewsNation, about drawing lines between his brand of bias and primetime cable’s penchant for left/right absolutism.

The veteran media executive with more than 25 years of experience in broadcast sales, marketing and management will oversee WJZY and WMYT in North Carolina

The new diginet from Nexstar begins airing classic TV programming from the 1980s and 1990s in markets covering 40% of the U.S., including New York, Los Angeles and Chicago.

The growing broadcast group’s leader, Perry Sook, is spending $130 million on D.C.-based political news operation The Hill in his latest bid to expand into national news. I’m guessing that Sook is not done with his news-empire building. And what he needs (other than a dual revenue stream for The Hill) is a business site.

Nexstar Media and SportsGrid Inc., this morning unveiled SportsGrid Network, a diginet devoted to sports wagering and fantasy sports. SportsGrid Network will debut Sept. 1. Nexstar will distribute it in nine of its markets where it has space on subchannels: San Francisco, Washington, Tampa, Portland, Nashville, Norfolk, Grand Rapids, Knoxville and Des Moines.

Stephen Eaton, a media executive with more than 25 years of local broadcast experience, will oversee KSVI and Mission Broadcasting’s KHMT in Montana.

The increase to $1.1 billion from 2Q 2020 was boosted by core ad revenue growth of 42%, higher distribution fee revenue (up 15%) and digital revenue growth of 57%.

NewsNation, Nexstar Media’s nascent cable network, is set to launch a new promotional campaign across the country in September. “What you hear and see in this campaign is very much a decidedly different tone of voice,” says Jonathan Killian, NewsNation’s VP of creative marketing and brand communication.

Nexstar Media Group’s board of directors today announced a quarterly cash dividend of $0.70 per share of its Class A common stock. The dividend is payable on Friday, Aug. 27, to shareholders of record on Friday, Aug. 13.

The finance executive with more than 20 years of experience in media, broadcasting and entertainment investment banking joins the company on Aug. 9.

Some journalists responsible for digital content on Nexstar’s TV stations’ websites got a company-wide nod, thanks to Austin Kellerman, Nexstar’s director of digital content.

Beginning Sept. 27, the Nexstar cable network will feature 55 hours of live news, analysis and talk each week. Abrams will host Dan Abrams Live and Adrienne Bankert will anchor its new live national weekday newscast Morning in America.

In an extraordinary on-air move, Nexstar-owned CBS affiliate WCIA Champaign, Ill., ran a segment apologizing to viewers for the station’s coverage of the death of police officer Chris Oberheim who was killed in the line of duty in May.

Nexstar Media Inc. filed a suit against Comcast Cable Communications charging that the cable company was breaching its retransmission contract by failing to pay fees for carrying WPIX New York. In the suit, filed in New York State Supreme Court, Nexstar is seeking unspecified damages, interest and other costs, including attorney’s fees.

The broadcast executive with nearly 30 years of leadership experience will oversee Nexstar’s KVEO, valleycentral.com and Mission Broadcasting’s KGBT.

The veteran sales executive with more than 30 years of experience will oversee KXRM and KXTU as vice president and general manager.

Comcast wants the FCC to issue a ruling that Nexstar should be attributed ownership of WPIX New York , which would make it in violation of the commission’s 39% cap on broadcast national audience reach. The cable operator claims Nexstar’s divestiture of the station to meet FCC requirements in its acquisition of Tribune was a “sham.”

NewsNation, Nexstar Media’s cable network reaching 75 million U.S. television households, today announced that veteran news executive Cherie Grzech will join the network as vice president of news, managing editor, […]

The broadcast executive with nearly 20 years of leadership experience will oversee the broadcast and digital operations of Nexstar’s KSNT, KTMJ and the company’s operational agreements with Vaughan Media’s, KTKA.

The company says her promotion signifies a significant investment in growing Nexstar’s data capabilities.

Mission intends to use the net proceeds from the new loan to pay down borrowings under its existing revolving credit facility, pay shared service fees to Nexstar and for general corporate purposes.

The news executive with more than 20 years of experience in New York City newsrooms, most recently as assistant news director at WCBS, will oversee journalism at Nexstar’s CW affiliate in the Big Apple.

New jobs posted to TVNewsCheck’s Media Job Center include an opening for a senior vice president and regional manager at Nexstar, a media analyst opening that can be done from anywhere, and a GM/sales manager opening in a beach location.

Nexstar CEO Perry Sook weighs in on NewsNation’s struggles; the prospect of increasing reverse comp fees for less programming exclusivity; NextGen TV’s monetization horizon; the industry’s need for a single, impressions-based currency and much more in this exclusive TVNewsCheck interview. Note: This story is available to TVNewsCheck Premium members only. If you would like to upgrade your free TVNewsCheck membership to Premium now, you can visit your Member Home Page, available when you log in at the very top right corner of the site or in the Stay Connected Box that appears in the right column of virtually every page on the site. If you don’t see Member Home, you will need to click Log In or Subscribe.

Just in time for the unveiling of its 2021-22 schedule next week, The CW has secured its largest affiliate group for the next season and beyond. The broadcast network and Nexstar Media Group (as well as its operating partners) have reached multi-year agreements to renew CW affiliations in 37 markets across the country (28 Nexstar- and 9 partner-owned television stations), which cover more than 31% of the U.S. audience, serving more than 38 million television households.

Nexstar taps the award-winning former ABC News senior executive producer of Good Morning America and ABC World News for a new executive position at its nascent cable news network.