What is Nexstar Media Group?
Local television broadcasting company with $4.95B FY2025 revenue.
- Category
- Local television broadcasting
- Headquarters
- Irving, TX
- Founded
- 1996
- Employees
- ~13,000
- Revenue
- $4.95B FY2025
- Status
- Public company (Nasdaq: NXST)
What is Nexstar Media Group?
Nexstar Media Group is a local television broadcasting company headquartered in Irving, TX. As of June 2026, it reports $4.95B FY2025, has ~13,000 employees, and is listed as Public company (Nasdaq: NXST).
Nexstar Media Group is a local television broadcasting company headquartered in Irving, TX. As of June 2026, it reports $4.95B FY2025, has ~13,000 employees, and is listed as Public company (Nasdaq: NXST). The company sells into consumers, advertisers, merchants, banks, venues, or enterprise buyers depending on its vertical, and its public filings make revenue mix and operating scale visible. Its directory profile is written as a seller-facing snapshot, so the most useful facts are the buyer groups, budget owners, revenue model, and market peers.
The current scale signal is $4.95B FY2025 and ~13,000 employees. Nexstar Media Group's product surface includes Local TV stations, The CW Network, NewsNation, Nexstar Digital, and that breadth means vendors should map outreach to the exact business line rather than treating the company as one generic account. Public-company status also means procurement, security, privacy, and finance reviews are more formal than at an early-stage startup.
What does Nexstar Media Group offer?
Nexstar Media Group's main offerings are Local TV stations, The CW Network, NewsNation, Nexstar Digital and related services.
- Local TV stations· Core
- The CW Network· Core
- NewsNation· Adjacent
- Nexstar Digital· Adjacent
- Political advertising· Adjacent
- Retransmission consent· Adjacent
How does Nexstar Media Group make money?
Nexstar earns revenue from local and national advertising, political advertising, distribution and retransmission fees, digital products, and network assets.
Nexstar earns revenue from local and national advertising, political advertising, distribution and retransmission fees, digital products, and network assets. The commercial model is mature enough to support public-company reporting, so revenue is tied to contracted customers, transactions, advertising demand, subscription usage, or distribution fees rather than one-time pilots. Growth usually depends on expanding customer count, increasing usage or volume, attaching more modules, and improving renewal or distribution economics.
Advertising is sold by market, audience, daypart, and political cycle; retransmission revenue is negotiated with MVPD and virtual MVPD distributors. Where public prices exist, they are useful entry points for SMB or consumer products; for enterprise, media, payment, or banking deals, terms are negotiated by volume, market, implementation scope, service levels, and risk. For sellers, that means budget discovery should start with the revenue line your product improves: advertising yield, transaction margin, software attach, fraud loss, uptime, or customer acquisition.
Who leads Nexstar Media Group?
Nexstar Media Group is led by Perry A. Sook, Founder, Chairman and CEO.
- Perry A. SookFounder, Chairman and CEOFounder since 1996Runs corporate strategy, acquisitions, and broadcaster policy.
- Michael BiardPresident and Chief Operating OfficerExecutive since 2023Oversees operating execution across stations and networks.
- Lee Ann GlihaChief Financial OfficerCFO since 2021Owns capital structure, reporting, and investor messaging.
How do you contact Nexstar Media Group's leadership?
Nexstar Media Group publishes role-based investor or media contacts; personal executive emails are not treated as verified unless published by the company.
investorrelations@nexstar.tvHow much funding has Nexstar Media Group raised?
Nexstar Media Group is tracked here as a public-market company: Public company (Nasdaq: NXST), with $4.95B FY2025 reported in its latest annual filing.
Nexstar Media Group's capital history is best understood through public-market events rather than private venture rounds. For this page, the relevant funding signal is Public company (Nasdaq: NXST), the latest annual revenue base of $4.95B FY2025, and the company's ability to fund operations through public equity, debt markets, cash flow, or strategic transactions disclosed in SEC filings.
The major capital milestones are listed in the timeline and funding facet instead of invented venture rounds. For sales teams, the practical read is that Nexstar Media Group has public-company purchasing processes: larger budgets are available, but buying decisions generally require procurement, security, finance, and legal alignment. The strongest trigger is not a raise; it is an annual report, acquisition, restructuring, product launch, or leadership change that creates a new operating priority.
How did Nexstar Media Group get here?
Nexstar Media Group's path includes founding, public-market milestones, strategic acquisitions or separations, and its latest annual revenue scale.
- 1996Founded by Perry SookNexstar starts with one Pennsylvania TV station.
- 2003IPONexstar lists publicly.
- 2017Media General acquisitionThe company becomes one of the largest station groups.
- 2019Tribune Media acquisitionNexstar adds major-market stations and WGN assets.
- 2022Takes control of The CWNexstar adds a national broadcast network.
- 2026Closes TEGNA acquisitionThe transaction expands scale but faces integration restrictions.
Who are Nexstar Media Group's competitors?
Nexstar Media Group competes with public and private companies across local television broadcasting and adjacent software, media, or payments markets.
- SinclairAnother large station owner with broadcast and sports assets.
- Gray MediaA local-news-heavy station group with strong mid-market reach.
- TEGNAAcquired by Nexstar in 2026 and still relevant in market overlap analysis.
- E.W. ScrippsCompetes in local TV, national networks, and political advertising.
- Fox CorporationCompetes for local advertising, affiliates, and national broadcast attention.
Nexstar Media Group — frequently asked questions
