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Nexstar Media Group
As the largest TV station operator in the U.S. reaching nearly 39 percent of households, Nexstar Media Group offers unrivaled audience access and influence.
Nexstar Media Group
As the largest TV station operator in the U.S. reaching nearly 39 percent of households, Nexstar Media Group offers unrivaled audience access and influence.
General information
Firm type
Asset Manager
Year founded
1996
Location
Region
North America
Country
United States
City
Irving
Corporate office
545 East John Carpenter Freeway, Suite 700, Irving, TX 75062, United States
Additional offices
New York, NY · Chicago, IL
Principals
Perry A. Sook
Chairman and CEO
Gary Weitman
EVP & Chief Communications Officer
Elizabeth Ryder
Executive Vice President, General Counsel, and Secretary to the Board of Directors
Sector focus
Frequently asked questions
Who runs investment decisions at Nexstar Media Group?
Perry Sook, founder and CEO, oversees all strategic and investment decisions. The company has a board of directors typical of a public corporation, but Sook remains the dominant voice on M&A and capital allocation (per Nexstar filings).
How does Nexstar source proprietary deal flow?
Nexstar primarily sources deals through its competitive position as the largest U.S. TV station operator. It identifies acquisition targets among independent or smaller group-owned stations and networks, using its public equity currency and debt capacity to execute transactions. The TEGNA acquisition was negotiated directly with that company's board (per Reuters, 2022).
Is Nexstar structured as a family office or a public operating company?
Nexstar is a publicly traded media operating company (NASDAQ: NXST), not a family office. It operates 201 TV stations, produces national cable networks, and functions as a diversified media business. There is no single-family-office structure attached to the firm.
What investment stages does Nexstar typically target?
Nexstar targets full acquisitions of broadcast stations and networks, often at the mature stage. It does not participate in venture capital or early-stage media startups. Its deals are typically large consolidations, such as the TEGNA acquisition valued at $5.4 billion (per Nexstar, 2022).
Which sectors does Nexstar explicitly avoid?
Nexstar focuses strictly on U.S. local and national broadcast media and related digital platforms. It avoids international markets, non-broadcast real estate, and technology venture investments.
How is Nexstar related to The CW and NewsNation?
Nexstar owns a 75% controlling stake in The CW Network, acquired in 2022 as part of the TEGNA transaction. It also operates NewsNation, a national cable news channel launched in 2020. Both are fully consolidated within Nexstar's operations (per Nexstar filings).
Does Nexstar maintain philanthropic structures, and how are they separated?
Yes, the Nexstar Media Charitable Foundation manages community giving programs such as '30 Days of Giving' and 'Remarkable Women.' It operates independently from the company's for-profit operations, funding local charitable initiatives across Nexstar's markets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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