Nexstar Media Group
US media owner selling local, national and streaming advertising.
Available information varies by company and source.
Profile record updated:
Company facts
- Official name
- Nexstar Media Group, Inc.
- Entity type
- COMPANY
- Founded
- 1996
- Headquarters
- United States
- Company size
- >5,000
- Market role
- Publisher & Media Owner
- Ticker
- NXST
- Official website
- nexstar.tv
What Nexstar Media Group does
Nexstar operates a scaled media ownership model. It owns and controls broadcast, cable, digital publishing, streaming and radio properties that attract consumer audiences, then monetises those audiences through advertising sales, sponsorships and distribution fees. Value is created by combining broad local market coverage with national media brands, allowing the company to sell both local and national campaigns across multiple channels while also collecting carriage-related revenue from distributors.
Category differentiation
Nexstar Media Group is a media owner and broadcaster, not a standalone advertising technology vendor or media agency. It sells inventory across owned media assets rather than primarily providing third-party software.
Strategic context
AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.
Nexstar Media Group is a US media owner and broadcaster that operates a large portfolio of local television stations, national broadcast and cable networks, digital publishing brands, streaming products and radio assets. Its core business is creating, distributing and monetising audience attention through advertising inventory across linear TV, connected TV, digital video, web, mobile, audio and newsletter environments. The group also earns non-advertising revenue from retransmission and carriage agreements tied to its broadcast and pay-TV distribution footprint. Its paying customers are primarily advertisers, agencies and media buyers seeking local or national reach, as well as pay-TV distributors that carry its channels. Consumer-facing products such as The CW App, NewsNation, local station sites and The Hill build audience scale, while commercial teams package that demand into cross-platform advertising sales and sponsorships. BestReviews adds a smaller commerce-led revenue stream through affiliate activity.
Company news briefing
Briefing updated:
Nexstar Media Group remains embroiled in litigation over its US$6.2 billion TEGNA acquisition, recently violating a preliminary injunction by improperly appointing board executives. While the FCC’s repeal of the 39% national ownership cap provides a more favourable regulatory framework for the deal, the commission is simultaneously probing affiliation shifts that may circumvent ownership limits. CEO Perry Sook expressed confidence in prevailing or settling the antitrust case during August’s quarterly results, as the group scales its digital presence via YouTube news integration and completes ATSC 3.0 deployment across the top 25 U.S. markets.
Business model & monetisation
Nexstar monetises chiefly through direct and programmatic advertising sales across broadcast, streaming, digital publishing and audio inventory. Commercial mechanics include linear TV spots, OTT and CTV video, display advertising, native placements, sponsorships and cross-platform campaign packages sold to brands and agencies. A second major revenue stream comes from retransmission consent and carriage fees paid by distributors for access to broadcast signals and channels. Additional smaller revenue comes from affiliate commerce via BestReviews and event or sponsorship income tied to publishing assets such as The Hill.
- Advertising sales across local stations, networks and digital properties
- Ad-supported inventory sales
- Retransmission consent and carriage fees
- Distribution fee revenue
- Streaming and OTT advertising
- Ad-supported video monetisation
- Digital publishing sponsorships and display
- Publisher advertising
- Affiliate commerce from review properties
- Performance-based commerce referral
Products & capabilities
No products with linked sources are available in this view.
Products & market categories
Media Channel
Competitors & alternatives
- Sinclair Broadcast Group
US broadcaster and media owner monetising audiences through ads and carriage.
- CBC/Radio-Canada
Canada’s public broadcaster spanning TV, radio, digital and streaming.
- Scripps
US broadcaster monetising national, local and streaming media inventory.
- CBS
US broadcast, news and sports media network with digital streaming.
Recent recorded signals
Dates refer to the source publication. Older entries are historical context, not evidence of a new event.
Judge Rules Nexstar Violated Tegna Injunction
M&A · Recorded impact score: 4/5
On August 6, 2026, U.S. District Judge Troy L. Nunley found that Nexstar Media Group violated a preliminary injunction related to its $6.2 billion acquisition of Tegna Inc. The injunction, entered April 17, 2026, required Nexstar to keep Tegna as a separate business unit while an antitrust lawsuit brought by California Attorney General Rob Bonta and seven other states proceeded. The court concluded Nexstar breached the order by appointing a board for Tegna composed largely of Nexstar executives and by failing to disclose the appointments. Judge Nunley ordered dissolution of that board, monthly compliance reports, and announced the forthcoming appointment of a special master to monitor adherence to separation requirements.
- U.S. District Judge Troy L. Nunley ruled on August 6, 2026 that Nexstar Media Group violated a preliminary injunction connected to its acquisition of Tegna.
- The underlying deal is Nexstar’s $6.2 billion takeover of Tegna, completed the prior year.
Investor Presentation Released: Nexstar Media Group
financials · Recorded impact score: 4/5
AI parsed presentation narrative: Nexstar asserts that its combination with TEGNA is a pro-consumer move that expands local news and creates a more balanced national news landscape via NewsNation. Management argues the combined entity remains a fraction of the size of 'Big Tech' and legacy media giants, while highlighting that multichannel distributors like DIRECTV are unfairly undercompensating broadcasters for high-value content. Key tailwinds mentioned: Over-The-Air (OTA) Growth, NewsNation Expansion.
DIRECTV Says Nexstar Violated Injunction in Court Filing
M&A · Recorded impact score: 3/5
On July 22, 2026, DIRECTV filed a court document claiming Nexstar violated a preliminary injunction in the companies' ongoing antitrust litigation over Nexstar's acquisition of TEGNA. A federal judge had temporarily blocked the Nexstar–TEGNA merger on April 17 and ordered that TEGNA operate as a held-separate, independently managed business with controls to prevent sharing competitively sensitive information. DIRECTV alleges Nexstar placed its own executives on TEGNA’s board, refused to provide requested information, and has asked the court to require monthly compliance reports from Nexstar. Nexstar previously closed a $6.2 billion deal for TEGNA in March and controls Tegna’s stations while the legal dispute continues.
- DIRECTV submitted a court filing on July 22, 2026, alleging Nexstar violated a preliminary injunction.
- On April 17, 2026, a federal judge temporarily blocked the Nexstar and TEGNA merger.
Hulu + Live TV Adds Antenna TV Channel
Connected TV (CTV) · Recorded impact score: 2/5
Hulu + Live TV has added Antenna TV, an over-the-air digital broadcast network owned by Nexstar Media Group, to its live channel lineup. The integration brings classic sitcoms and dramas from the 1950s through the early 2000s into Hulu’s live guide with high-definition streaming, electronic program listings, cloud DVR support, and multi-device access. Antenna TV, originally launched as a multicast digital subchannel, will stream within Hulu’s existing local channel offerings, expanding availability for cord-cutters who previously needed a physical antenna or local affiliate tuning. Exact regional rollout details were not specified in the article.
- Hulu + Live TV added Antenna TV to its live channel lineup.
- Antenna TV is owned by Nexstar Media Group.
Nexstar Seeks Narrowing of Nationwide Injunction
M&A · Recorded impact score: 3/5
Nexstar Media Group filed a reply brief with the U.S. Court of Appeals for the Ninth Circuit on July 8, 2026, asking the court to narrow a nationwide preliminary injunction that prevents full integration of recently acquired former TEGNA broadcast assets. The injunction follows a district-court order tied to a suit by DIRECTV and several state attorneys general alleging anticompetitive harm from overlaps of Big Four‑affiliated stations in 31 designated market areas (DMAs). Nexstar argues the preliminary injunction’s nationwide scope far exceeds the plaintiffs’ market-specific allegations, improperly sweeping in non‑overlap DMAs, non‑Big Four stations and unrelated business functions (including digital advertising). The appeal is pending and could test limits on preliminary equitable remedies in completed broadcast-merger cases and the role of state attorneys general alongside private plaintiffs in antitrust enforcement.
- Nexstar Media Group filed a reply brief with the Ninth Circuit on July 8, 2026 seeking to narrow a nationwide preliminary injunction.
- The injunction arose from a district-court order imposing a broad hold-separate requirement after Nexstar completed acquisition of former TEGNA broadcast assets.
Careers & open positions
Open positions indexed from verified career portals and applicant tracking systems.
| Position | Department | Location | Posted |
|---|---|---|---|
| Marketing Consultant(Mid-Level) | Sales & Business Development | KY, Lexington | |
| Sales Account Executive(Mid-Level) | Sales & Business Development | NC, Charlotte | |
| Account Executive III, Sales(Mid-Level) | Sales & Business Development | CA, Bakersfield | |
| Strategic Account Manager(Mid-Level) | Sales & Business Development | NC, Charlotte | |
| Director of Sales(Director) | Sales & Business Development | NY, Elmira |
Explore company relationships
Questions about Nexstar Media Group
What is Nexstar Media Group?
It is a publicly listed US media company that owns local TV stations, national networks, digital publishers, streaming products and radio assets.
Who uses Nexstar Media Group?
Advertisers, agencies and media buyers use it to reach US audiences, while distributors carry some of its channels and broadcast signals.
How does Nexstar Media Group make money?
It earns most revenue from advertising sales across its media properties, plus retransmission and carriage fees and a smaller amount of affiliate commerce revenue.
Sources & coverage
This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.
19 publicly documented primary sources and citations linked across the market graph.
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