Nexstar Media said today it has entered into a multi-year time brokerage agreement with KAZT Phoenix (DMA 11). On Feb. 1, KAZT will become an affiliate of The CW.
The Nexstar Media Charitable Foundation, whose mission is to improve the communities where Nexstar has a TV station by contributing to public charities and nonprofit organizations, has been busy so far in 2022.
Nexstar Media Group announced today that it entered into a definitive agreement to acquire a 75% ownership interest in The CW Network.
NewsNation, Nexstar’s wholly-owned news and entertainment cable network reaching 75 million U.S. TV households, unveiled its latest expansion plans, adding 12 hours of live news programming weekly by early June.
The station group promotes Shaun Newell at WMBD Peoria, Ill., and Joe McGuire at WRBL Columbus, Ga. Both are CBS affiliates.
The multiyear renewal covers CBS affiliates in 39 markets owned by Nexstar and Its operating partners.
Nexstar Media Group said it named David Hart as VP and general manager of its broadcasting and digital businesses in Savannah. Georgia, including WSAV-TV.
Chris Cook is a broadcasting executive with 20+ years of in-market experience will lead the Nexstar CBS affiliate in Louisiana.
Larry Forsgren, the veteran broadcasting and sales executive is tapped to lead WCIA and WCIX.
Nexstar will move to impressions-based advertising measurement as of Jan. 1, 2022. The change comes as Nielsen readies the incorporation of BBO homes into local measurement and its own migration to impressions-based buying and selling.
The increase to $1.15 billion from 3Q 2020 was boosted by core ad revenue growth of 13%, higher distribution fee revenue (up 15%) and digital revenue growth of 47%.
She will oversee the group’s retransmission consent agreements with MVPDs and virtual-MVPDs, as well as content negotiations with the company’s television network partners.
With more than 25 years of broadcast management and sales experience, Marc Hefner moves from Nexstar’s WSAV Savannah, Ga., to oversee its Dallas CW affiliate.
Nexstar promotes the MNT affiliate’s local sales leader to oversee all local, national and digital sales at the San Francisco station.
Tim Sanders – a sales and marketing executive with 20-plus years of local broadcast experience, will oversee WTWO and Mission Broadcasting’s WAWV in Indiana.
Nexstar named Lloyd Bucher vice president and general manager of its broadcast and digital operations in Charlotte, N.C., overseeing WJZY, WMYT and fox46.com.
Nexstar and SportsGrid, a streaming video network that provides extensive coverage of sports betting for all the major sports, announced a multi-year agreement to launch SportsGrid Network, a diginet devoted to sports wagering and fantasy sports.
Nexstar appointed Stephen Eaton vice president and general manager of its broadcast and digital operations in Billings, Mont., overseeing ABC affiliate KSVI, yourbigsky.com and their related mobile and social media channels.
Nexstar has acquired The Hill for $130 million in a deal that the company hopes will create synergies between The Hill’s popular digital political news offerings and Nexstar’s extensive news operations.
Nexstar Media Group’s profits jumped as advertising rebounded from its pandemic lows a year ago. TV advertising revenue was up 35% to $432 million. Core advertising revenue–excluding political advertising–was up 42% to $423 million.