Nexstar

Nexstar Media Group, Inc. is a publicly-traded American telecommunications company with headquarter offices in Irving, Texas, New York City, and Chicago. The company is the largest television station owner in the United States, owning 197 television stations across the U.S., most of which are affiliated with the four “major” U.S. television networks located in small to medium-sized markets. It also operates all of the stations owned by an affiliated company, Mission Broadcasting, under local marketing agreements.

The Nexstar Media Group was founded as the Nexstar Broadcasting Group on June 17, 1996. The first television station bought by Nexstar was WYOU in Scranton, Pennsylvania. Nexstar bought WYOU from Diversified Communications. The sale was completed on September 28 of that year. Nexstar promptly fired two beloved anchors and laid off several long-term staff members. Nexstar founder Perry Sook said that WYOU would be Nexstar’s flagship station, keeping an office off the newsroom for years. In 1998, Nexstar purchased WBRE-TV in Wilkes-Barre, Pennsylvania. Because this was in the same market as WYOU, WYOU was ‘sold’ to Mission Broadcasting. This began the first-ever ‘shared-services’ agreement between stations. WYOU’s sales staff was kept in Scranton while the production and news operations were moved to WBRE’s offices in Wilkes-Barre. WYOU’s staff who were not laid off were fired by Nexstar, hired by Mission and eventually rehired by Nexstar. Mission Broadcasting then paid Nexstar to operate and control the production and newsgathering operations while Mission kept the sales and management team.

In 2003, Nexstar acquired Quorum Broadcasting (owner of 10 television stations).

On March 20, 2009, Nexstar operated television stations that were owned by Four Points Media Group, through an outsourcing agreement. However, on September 8, 2011, Sinclair Broadcast Group announced its intent of purchasing the Four Points stations outright and took over the MSA for the stations that October upon Federal Trade Commission (FTC) approval of the deal (the Federal Communications Commission (FCC) gave final approval of the group deal on December 21, and the Sinclair purchase of the Four Points stations was completed on January 1, 2012).

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