Today, July 5th, 2025, Nexstar Media Group, Inc. (NASDAQ: NXST) stands as the largest local television and digital media company in the United States. Founded in 1978, the company has grown to encompass a vast portfolio of broadcasting, digital, and network assets.
Table of contents
Key Highlights
- Ticker Symbol: NXST
- Headquarters: Chicago, Illinois, United States
- Parent Organization: Nexstar Media Group
- Founded: 1978
Broadcasting Powerhouse
Nexstar owns and operates (or partners with) over 200 broadcast stations in 116 markets, reaching 220 million people. This extensive network makes it America’s largest local television broadcasting group, comprised of top network affiliates.
Diversified Divisions
Nexstar’s wholly-owned operating subsidiary, Nexstar Media Inc., is structured into three key divisions:
- Broadcasting: The core of Nexstar, encompassing local television stations.
- Digital: Focuses on digital media properties and online content.
- Networks: Operates The CW and NewsNation.
Nexstar consistently releases investor presentations highlighting its position.
Strategic Growth and Innovation
Nexstar’s journey to the top has been marked by strategic acquisitions and a commitment to innovation. The 2019 acquisition of Tribune Media was a pivotal moment, solidifying its position as the nation’s leading local broadcaster. This expansion has allowed Nexstar to leverage its scale and resources to invest in high-quality local news, sports, and entertainment programming.
Focus on Local Content
A key differentiator for Nexstar is its dedication to local content. In a media landscape increasingly dominated by national and global players, Nexstar recognizes the importance of providing communities with relevant, engaging news and information. This focus on localism has resonated with viewers and advertisers alike, driving growth and strengthening its market position.
Recent Developments
As of June 11, 2025, Nexstar released a new investor presentation showcasing its industry leadership. Furthermore, recent refinancing efforts have extended maturities, expanded capacity under its revolver, and reduced interest rates, demonstrating financial stability and a forward-looking approach.
Looking Ahead
Nexstar Media Group remains committed to serving its communities and delivering value to its shareholders. With its diversified business model, strong leadership, and focus on local content, Nexstar is well-positioned to navigate the evolving media landscape and continue its growth trajectory.
