Full-Time
Owns and operates numerous U.S. stations
No salary listed
Mobile, AL, USA
In Person
Regular in-market and occasional out-of-town travel is required.
Bachelor's
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Nexstar Media Group operates the largest portfolio of local television stations in the United States, owning 197 stations affiliated with networks such as CBS, Fox, NBC, and ABC. It earns revenue from selling advertising time and from retransmission fees paid by cable and satellite providers, and it also owns digital assets like The Hill and NewsNation, a national news channel. The company combines a broad local TV reach with digital media expansion to monetize both TV and online audiences. Its goal is to provide broad access to news and entertainment across local markets while growing its digital footprint and sustaining revenue through multiple streams.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Irving, Texas
Founded
1996
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Health Insurance
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Vision Insurance
Paid Vacation
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Life Insurance
DIRECTV says Nexstar documents support retransmission consent price-fixing claim. [email protected] August 14, 2026 DIRECTV says documents produced by Nexstar Media Group in an ongoing lawsuit over retransmission consent fees support its argument that the broadcaster wrongfully colluded with two other companies to raise and fix the fees its must pay for the privilege of distributing their network-affiliated stations. The case, which has played out since 2023, centers around negotiations to carry local TV stations licensed to White Knight Broadcasting and Mission Broadcasting, which are operated by Nexstar through local management agreements. DIRECTV has pursued an antitrust claim against Nexstar over the retransmission consent arrangement after accusing the broadcaster of improperly trying to charge higher fees for its own network-affiliated stations by including outlets owned by White Knight and Mission during negotiations. DIRECT offers Nexstar's local broadcast stations to its satellite and streaming subscribers, but doesn't currently carry dozens of stations licensed to Mission or White Knight. In January, the Second Circuit Court of Appeals denied an effort by Nexstar to have the case thrown out. The broadcaster has since appealed the matter to the U.S. Supreme Court, which has yet to take up the case. The lawsuit is separate from one involving DIRECTV and several state attorneys general over Nexstar's acquisition of TEGNA that is playing out in California. On August 11, attorneys representing DIRECTV in the price-fixing case against Nexstar said both sides have made "substantial progress" toward fulfilling evidence-related disclosure orders that were handed down earlier this summer. Documents passed by Nexstar to DIRECTV have already proven to be eye-opening, DIRECTV's attorneys wrote, in that the records substantiate its claims of conspiracy over retransmission consent prices and terms. The records include communications between Nexstar and the two other companies through an intermediary, media consultant Eric Sahl, "to raise and fix retransmission rates for" pay TV companies, DIRECTV's attorneys said. "They further show Nexstar deploying a common negotiating playbook across those entities, aligning blackout strategy and public messaging, and relying on Sahl to facilitate the exchange of information and negotiating positions," DIRECTV wrote in its brief to the court this week. DIRECTV also told the court it would produce non-party retransmission consent agreements, including agreements that predate 2019, after satisfying notice requirements for the counterparties to those contracts. Those documents are typically not made public by anyone involved in distribution-related negotiations, and are expected to be sealed by a court if they are produced for evidence. DIRECTV said its records are expected to stretch back to the late 1990s, and the company is working to determine if it has additional data sets that show price fluctuations for offering broadcast channels to paying subscribers over the past three decades. Nexstar has not publicly commented on the latest revelation, but the company has denied any wrongdoing with respect to its retransmission negotiations involving DIRECTV and others in the past. Mission Broadcasting lists its physical address within a strip mall that also houses a small church and a nutrition center. The office is about an hour outside the Dallas suburb where Nexstar's corporate headquarters are located. White Knight Broadcasting is based in Louisiana. The companies own less than three dozen local TV stations between them, all of which are operated by Nexstar. In the past, Nexstar has offered to financially support the acquisition of local TV licenses by Mission Broadcasting in exchange for an immediate local marketing agreement to operate the outlet, as was the case with the company's failed attempt to acquire WADL (Channel 38) in Detroit several years ago.
Nexstar Media Group reported record second quarter 2026 results, with revenue reaching an all-time high of $2 billion. The company's adjusted EBITDA totalled $633 million, whilst free cash flow more than doubled year-over-year to $238 million. The strong performance was driven by the TEGNA acquisition, advertising revenue growth, and operational efficiencies. Advertising benefited from midterm election political spending, FIFA World Cup sports coverage, and growth in local streaming. Chief Executive Officer Perry Sook highlighted cost improvements through centralised station marketing, automated content production, and realigned sales incentives. NewsNation, the company's cable news network, continued its growth trajectory with total viewership up 44% in June 2026 compared to the previous year, maintaining its position as the fastest-growing cable news network in primetime and total day viewing.
SoCon announces Nexstar football broadcast schedule. SPARTANBURG, S.C. - Nexstar Broadcasting, Inc., Ingles Markets and the Southern Conference have announced the Ingles SoCon Game of the Week football broadcast package on select Nexstar affiliates for the 2026 season. Wofford football will be included in at least five of the broadcasts. Each SoCon squad will make at least one appearance over the course of the 15-game broadcast schedule. This season marks a record number of games for the SoCon's Nexstar package. The schedule kicks off on Saturday, Aug. 29, with The Citadel traveling to Wofford at 6 p.m. The game is the season opener for both teams. Chattanooga hosts the next two matchups in the package. The Mocs host the league's newest member, Tennessee Tech, on Sept. 5, before welcoming Wofford on Sept. 19. The month of October features three Saturdays with a pair of games. On Oct. 3, Furman hosts Wofford at 2 p.m., ahead of Tennessee Tech heading to Cullowhee to play Western Carolina at 6 p.m. October 17 will start with VMI heading to Wofford at 1:30 p.m., before Mercer's trip to Samford finishes the doubleheader at 7 p.m. On Halloween, Western Carolina travels to Furman for a 2 p.m. kickoff, and Wofford heads to Birmingham to play Samford, which is set for a 7 p.m. start. The conference slate also features three wildcard games on Nov. 7, 14, and 21. The wildcard contests provide an opportunity for the league to showcase games towards the end of the season which will impact the conference title and NCAA FCS playoff berths. Each game in the Nexstar package will air concurrently on ESPN+. All games will air on WYCW (Greenville-Spartanburg-Asheville-Anderson). Nexstar stations in other SoCon markets that have the ability to pick up games are WMYT (Charlotte), WWCW (Roanoke), WJHL (Tri-Cities), WCBD (Charleston), WGHP (Greensboro) and WBTW (Myrtle Beach). Although not Nexstar stations, EFLI (Chattanooga, TN), WMUB (Macon, GA), and several other affiliates that will be announced at a later date have the opportunity to air games from this season's package. Nexstar football broadcast schedule (all times Eastern) 8/29 - The Citadel at Wofford 6 PM 9/5 - Tennessee Tech at Chattanooga 6 PM 9/19 - Wofford at Chattanooga 6 PM 9/26 - Western Carolina at ETSU 3:30 PM 10/3 - Wofford at Furman 2 PM and Tennessee Tech at Western Carolina 6 PM 10/10 - ETSU at The Citadel 2 PM 10/17 - VMI at Wofford 1:30 PM and Mercer at Samford 7 PM 10/24 - Chattanooga at Western Carolina 2:30 PM 10/31 - Western Carolina at Furman 2 PM and Wofford at Samford 7 PM 11/7 - Wildcard 11/14 - Wildcard 11/21 - Wildcard
Nexstar anticipates repaying over $1B of total debt by year-end 2026 while targeting CW profitability in Q4. Aug 06, 2026, 12:56 PM ET Nexstar Media Group, Inc. (NXST) Stock AI-Generated Earnings Calls Insights Earnings Call Insights: Nexstar Media Group (NXST) Q2 2026 Management view. * "Nexstar delivered record second quarter results, including an all-time high quarterly revenue number of $2 billion, adjusted EBITDA of $633 million and year-over-year free cash flow of more than doubling to $238 million for Fresh Stock Ideas, Every Day Explore diverse investing perspectives with daily analysis from experts across the market. Seeking Alpha's Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Nexstar revenue reaches record $2 billion in Q2 boosted by TEGNA acquisition. [email protected] August 6, 2026 Key points. * Q2 Net revenue: $1.99 billion (+62.2% year-over) * Distribution revenue: $1.12 billion (+52.3%) * Advertising revenue: $862 million (+81.5%) * Political advertising revenue: $147 million, compared with $9 million * Other revenue: $15 million (-28.6%) * Income from operations: $362 million (+70%) * Net income: $113 million (+24.2%) * Net income attributable to Nexstar: $120 million (+23.7%) * Cash on hand: $218 million * Total debt: $11.74 billion * Read more Q2 2026 media earnings coverage | Nexstar coverage Nexstar Media Group says it is already experiencing financial windfalls related to its March acquisition of TEGNA, despite an ongoing antitrust lawsuit that currently precludes the broadcasters from completing their consolidation and requiring them to maintain separate operations for now. During the company's second financial quarter (Q2) of the year, Nexstar said it earned $1.99 billion in overall revenue, an increase of 62.2 percent compared to last quarter. TEGNA's portion of its operations contributed $697 million in incremental revenue, the broadcaster said. With TEGNA excluded, Nexstar's revenue would have been $1.29 billion, up slightly from $1.23 billion during the year-ago period. Revenue from fees charged to cable, satellite and streaming operators rose more than 52 percent to $1.12 billion, including $362 million in fees collected from TEGNA. Nexstar said its distribution revenue benefited from higher fees charged to pay TV companies and their customers, offset slightly by ongoing churn in the pay TV industry, which eats away at per-subscriber fees. Advertising revenue increased more than 81 percent to $862 million, including $331 million from TEGNA. Political advertising totaled $147 million, compared with $9 million a year earlier, while Nexstar's legacy stations generated a $75 million increase in political revenue. Core, non-political advertising was partially pressured by political campaigns crowding out available commercial inventory. Advertising also benefited from highly rated FIFA World Cup matches carried by Nexstar's Fox affiliates and continued streaming advertising growth in its legacy local markets, the company affirmed. The company recorded $53 million in transaction, one-time and restructuring expenses, largely connected to the TEGNA acquisition and related financing. Interest expense nearly doubled to $190 million. Stock price. In prepared remarks, Nexstar's founder and CEO Perry Sook said some of its properties, including NewsNation and the CW Network, continued to experience year-over growth as the broadcaster continues to evolve these properties to meet the wants and desires of viewers. NewsNation remained the fastest-growing, ad-supported cable network in prime-time and total-day viewers, Sook said, citing data from Nielsen. The network typically ranks behind Fox News, CNN and MS Now (formerly MSNBC) in total-day viewers, though its prime-time programming has increased over the years, attracting tens of thousands of viewers on any given night. The CW Network accelerated its commitment to sports broadcasting by inking new distribution deals with ESPN and The Roku Channel during Q2. Both platforms will offer some or all of CW Network's sports programming through their respective services. ESPN's deal with the CW Network went online earlier this month. "Looking forward, we are well positioned for strong free cash flow generation in the second half of 2026 and we remain confident that the case challenging our acquisition of TEGNA is without merit and we will continue to vigorously defend it," Sook said.