Nexstar Media Group, Inc. (NASDAQ: NXST) is a publicly owned media company founded in 1996 and headquartered in the United States. Employing approximately 3,480 people, Nexstar produces and distributes a range of local and national news, sports, and entertainment content, totaling over 283,000 hours of original video annually. In 2024, the company reported revenues exceeding $1 billion. Its primary business is broadcast television and radio.
Nexstar Media Group announced on September 10, 2025, that its Virginia stations would air a live telecast of the only debate between the Republican and Democratic candidates for Virginia Governor. The company denied allegations that it removed “Jimmy Kimmel Live!” from its affiliate stations due to pressure from FCC Chairman Brendan Carr. Separately, Nexstar Media Group's proposed $6.2 billion acquisition of TEGNA faces opposition from One America News and Newsmax, who advocate for blocking the deal to prevent media consolidation. President Trump's suggestion that networks receiving "bad publicity" should have their licenses revoked raised questions about the administration's power to do so.
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Nexstar Media Group offers 156 products in the media and telecoms services industry. Nexstar Media Group's product portfolio comprises of broadcast television and radio.
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Nexstar Media Group's revenues were $5.4B in 2024. Caretta Research has split Nexstar Media Group's revenue into 2 different product categories, the largest of which is linear (local broadcaster), which represents 53% of Nexstar Media Group's revenue.
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