# Nexstar Media Group

Nexstar Media Group is an Asset Manager based in Irving, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Irving, United States
- **Region:** North America
- **Address:** 545 East John Carpenter Freeway, Suite 700, Irving, TX 75062, United States
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** nexstar.tv
- **LinkedIn:** https://www.linkedin.com/company/nexstar-media-group-inc

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Media & Entertainment
- Real Estate
- Infrastructure
- Private Equity

## Offices

- New York, NY
- Chicago, IL

## People

- 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

## 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).

### 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).

## Related profiles

- [Filogix](https://altss.com/profile/filogix)
- [Gauss Capital Management](https://altss.com/profile/gauss-capital-management)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/nexstar-media-group

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology