Nexstar Media Group, Inc. NXST

NXST Company Overview

Nexstar Media Group, Inc. is a U.S.-based media company focused on local television broadcasting, national media networks, and digital media operations. The company operates primarily in the broadcast television and advertising industries, with revenue generated through advertising sales, retransmission consent fees paid by cable and satellite distributors, political advertising, and digital media services. Nexstar owns, operates, or provides services to television stations across numerous designated market areas in the United States and has expanded into national cable and digital media through acquisitions and network ownership interests.

The company’s principal business lines include its local broadcasting operations, ownership interests in national media assets, and digital publishing platforms. Key revenue drivers include local and national advertising, distribution agreements with multichannel video programming distributors, and political advertising tied to election cycles. Nexstar serves local audiences, advertisers, cable and satellite operators, and digital consumers. The company traces its origins to 1996 and expanded significantly through acquisitions of station groups including Media General, Tribune Media, and The CW Network ownership stake. Its scale in local broadcasting and broad geographic reach have positioned it as one of the largest owners of local television stations in the United States.