Commercial Television Networks & SVOD · Publisher & Media Owner · Media Sales House
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 cluster / sector
- Commercial Television Networks & SVOD
- Market role
- Publisher & Media Owner · Media Sales House
- 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 antitrust litigation over its US$6.2 billion TEGNA acquisition, after a federal judge ruled the company violated a preliminary injunction by improperly appointing executives to TEGNA's board. While the FCC's repeal of the 39% national ownership cap provides a more favourable regulatory framework, the commission is also probing broadcast affiliation shifts. Meanwhile, CEO Perry Sook remains confident in prevailing or settling the antitrust case, as Nexstar advances its network programming through NewsNation content and completes ATSC 3.0 deployment across top 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.
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Verified Ownership & Corporate Hierarchy
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360° Tech Stack & Vendor Telemetry
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Live Market Signals & Executive Briefings
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Competitors & alternatives
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US broadcaster and media owner monetising audiences through ads and carriage.
US media owner spanning broadcast, streaming, publishing and ad sales.
US broadcaster monetising national, local and streaming media inventory.
Diversified media owner across TV, streaming, publishing and film.
Diversified media group spanning TV, streaming, studios and advertising.
Subsidiaries & acquisitions
US local broadcaster and media owner monetising audiences and distribution.
Recent recorded signals
Dates refer to the source publication. Older entries are historical context, not evidence of a new event.
DIRECTV Accuses Nexstar of Illegal Price-Fixing
Legal / Regulation · Recorded impact score: 3/5
DIRECTV has filed a motion in the U.S. District Court for the Southern District of New York, seeking to compel Nexstar Media Group and its co-defendants to produce documents withheld under attorney-client privilege. The case, initiated in March 2023, alleges that Nexstar used sidecar stations Mission Broadcasting and White Knight Broadcasting to evade ownership limits and coordinated retransmission consent pricing through negotiator Eric Sahl. DIRECTV argues that Sahl shared confidential pricing information with Nexstar executives, constituting a horizontal price-fixing conspiracy violating the Sherman Act. The motion requests the court to apply the crime-fraud exception and award attorney's fees. A hearing is scheduled for November 4, 2026, before Magistrate Judge Robert Lehrburger.
- DIRECTV filed a motion on October 30, 2026, to compel Nexstar to produce documents in the price-fixing lawsuit.
- The lawsuit, filed in March 2023, alleges Nexstar used Mission and White Knight to evade ownership limits.
FCC Lifts Ownership Cap, Accelerating Local TV Consolidation
Regulation · Recorded impact score: 4/5
The number of independent owners of local TV stations affiliated with ABC, CBS, Fox, and NBC has fallen from over 150 in 2006 to roughly 62 by 2023, with further declines since. This consolidation has concentrated control in the hands of three major companies: Nexstar Media Group, Sinclair Broadcast Group, and Gray Television. In a significant regulatory shift, the FCC voted on August 6, 2026, to eliminate the national audience-reach cap of 39%, replacing it with case-by-case reviews. This move, combined with the earlier approval of Nexstar's acquisition of Tegna, is expected to accelerate the acquisition of remaining independent affiliates by the top three broadcasters. The trend reduces the number of independent voices in local news, though proponents argue larger companies can better compete for advertising dollars against streaming and online platforms.
- Number of independent local TV owners fell from over 150 in 2006 to 62 by 2023.
- FCC voted on August 6, 2026, to eliminate the national audience-reach cap.
Nexstar Media Group and DAZN Announce Agreement To Televise and Live Stream 15 Indiana Pacers Games for Fans Across Central Indiana
Recorded impact score: 4/5
Nexstar Media Group, Inc. (NASDAQ: NXST) and DAZN, the world’s leading sports entertainment platform, announced an agreement to televise and live stream 15 Indiana Pacers games for fans across Central Indiana. Games will stream for free on DAZN and be broadcast over-the-air on Nexstar’s local TV stations in Indianapolis, Evansville, and Champaign, Illinois. First over-the-air broadcast will be October 23 when the Pacers take on the Dallas Mavericks.
Careers & open positions
Open positions indexed from verified career portals and applicant tracking systems.
| Position | Department | Location | Posted |
|---|---|---|---|
| IT Specialist(Mid-Level) | Engineering & Development | IL-Chicago;2501 W. Bradley Place (WGN-TV) | |
| IT Technician(Mid-Level) | Engineering & Development | TN, Nashville | |
| Digital Content Intern, Unpaid(Intern) | Marketing & Growth | LA, Shreveport | |
| Digital Content Executive Producer(Lead) | Marketing & Growth | WV, Ghent | |
| Multi-Media Account Executive, Entry Level(Junior) | Sales & Business Development | NY, Utica |
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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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