Market Summary
USD141.96-9.02
Market Closed-5.97%
NXST Stock Price
NXST RSI Chart
NXST Valuation
NXST Price/Sales (Trailing)
NXST Profitability
NXST Fundamentals
NXST Revenue
NXST Earnings
Price Action
52 Week Range
133.09191.08
(Low)(High)
Last 7 days
-5.1%
Last 30 days
-11.8%
Last 90 days
-11.2%
Trailing 12 Months
-24.9%
NXST Financial Health
NXST Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for NXST
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-06 | Grossman Jay M. | acquired | 920,600 | 46.03 | 20,000 | - |
2023-08-31 | Carter Thomas | acquired | 230,150 | 46.03 | 5,000 | senior advisor |
2023-08-31 | Carter Thomas | sold | -827,502 | 165 | -5,000 | senior advisor |
2023-08-15 | Gliha Lee Ann | sold | -145,629 | 160 | -910 | evp, chief financial officer |
2023-08-13 | Gliha Lee Ann | acquired | 405,225 | 162 | 2,500 | evp, chief financial officer |
2023-08-01 | SOOK PERRY A | acquired | - | - | - | chief executive officer |
2023-08-01 | SOOK PERRY A | sold (taxes) | -4,480,780 | 182 | -24,594 | chief executive officer |
2023-08-01 | SOOK PERRY A | acquired | 11,386,900 | 182 | 62,500 | chief executive officer |
2023-06-28 | Morgan Rachel | sold | -153,450 | 163 | -937 | evp general counsel |
2023-06-27 | Morgan Rachel | acquired | 629,569 | 167 | 3,750 | evp general counsel |
Which funds bought or sold NXST recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-30 | Western Wealth Management, LLC | added | 14.76 | 70,136 | 725,179 | 0.06% |
2023-08-28 | DELPHI MANAGEMENT INC /MA/ | new | - | 1,346,000 | 1,346,000 | 1.40% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -88,595 | 2,414,980 | 0.02% |
2023-08-23 | Stonebridge Capital Advisors LLC | reduced | -63.64 | -6,224 | 3,331 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 295,709 | 295,709 | -% |
2023-08-22 | COMERICA BANK | new | - | 35,000 | 35,000 | -% |
2023-08-22 | Asset Dedication, LLC | new | - | 7,000 | 7,000 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -13.74 | -379,831 | 1,882,020 | 0.02% |
2023-08-21 | JOHN G ULLMAN & ASSOCIATES INC | reduced | -2.86 | -340,375 | 5,055,620 | 0.78% |
2023-08-21 | BOKF, NA | sold off | -100 | -1,381 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Nexstar Media Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 10, 2023 | neuberger berman group llc | 4.49% | 1,693,280 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.17% | 3,459,083 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.9% | 3,369,622 | SC 13G | |
| Feb 14, 2022 | neuberger berman group llc | 5.10% | 2,085,124 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
| Feb 16, 2021 | park west asset management llc | 1.4% | 624,000 | SC 13G/A | |
| Feb 11, 2021 | neuberger berman group llc | 5.00% | 2,200,583 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.52% | 3,751,392 | SC 13G/A | |
| Feb 08, 2021 | fmr llc | - | 0 | SC 13G/A |
Recent SEC filings of Nexstar Media Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 22, 2023 | 3 | Insider Trading | |
| Aug 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 15, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | 4 | Insider Trading | |
| Aug 08, 2023 | 8-K | Current Report | |
| Aug 08, 2023 | 10-Q | Quarterly Report | |
| Aug 03, 2023 | 4 | Insider Trading |
Peers (Alternatives to Nexstar Media Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CHTR | 67.3B | 54.5B | 6.69% | 23.48% | 14.05 | 1.23 | 2.60% | -15.83% |
SIRI | 15.8B | 9.0B | -6.36% | -29.66% | 13.71 | 1.77 | 0.44% | -8.55% |
| MID-CAP | ||||||||
NYT | 6.8B | 2.4B | -2.30% | 40.39% | 38.81 | 2.89 | 7.76% | -7.72% |
NXST | 5.0B | 5.3B | -11.83% | -24.95% | 7.19 | 0.96 | 8.13% | -23.40% |
CABO | 3.6B | 1.7B | -2.92% | -36.18% | 34.18 | 2.14 | -1.31% | -70.36% |
DISH | 3.4B | 16.0B | 0.16% | -60.33% | 1.87 | 0.21 | -8.20% | -13.13% |
| SMALL-CAP | ||||||||
ATUS | 1.5B | 9.4B | 10.82% | -57.43% | -384.5 | 0.16 | -6.01% | -100.49% |
SBGI | 768.6M | 3.3B | -23.56% | -49.69% | 4.47 | 0.23 | -34.89% | -93.14% |
IHRT | 507.2M | 3.8B | -0.58% | -65.62% | -0.38 | 0.13 | 1.55% | -1758.48% |
AMCX | 505.9M | 3.0B | 1.32% | -50.39% | -81.95 | 0.17 | -0.73% | -101.96% |
UONE | 359.0M | 484.6M | 1.38% | -10.26% | 8.5 | 0.74 | 10.07% | 1.46% |
EVC | 328.3M | 1.0B | -3.36% | -17.98% | 34.51 | 0.31 | 23.24% | -66.15% |
TSQ | 148.2M | 465.3M | -7.95% | 15.24% | 13.04 | 0.33 | 4.78% | -97.25% |
CMLS | 74.8M | 900.6M | 3.42% | -45.04% | -5.32 | 0.08 | -6.07% | -126.59% |
Nexstar Media Group News
Returns for NXST
Cumulative Returns on NXST
16%
10-Year Cumulative Returns
17.5%
7-Year Cumulative Returns
13.6%
5-Year Cumulative Returns
14.2%
3-Year Cumulative Returns
Risks for NXST
What is the probability of a big loss on NXST?
62.3%
Probability that Nexstar Media Group stock will be more than 20% underwater in next one year
21.1%
Probability that Nexstar Media Group stock will be more than 30% underwater in next one year.
19.6%
Probability that Nexstar Media Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does NXST drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Nexstar Media Group was unfortunately bought at previous high price.
Drawdowns
Financials for Nexstar Media Group
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -0.1% | 5,253 | 5,258 | 5,211 | 4,970 | 4,858 | 4,745 | 4,648 | 4,779 | 4,740 | 4,523 | 4,501 | 4,225 | 3,770 | 3,504 | 3,039 | 2,737 | 2,767 | 2,778 | 2,767 | 2,622 | 2,541 |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,024 | 2,011 | 2,009 | 2,001 | 1,987 |
| S&GA Expenses | -0.4% | 1,116 | 1,120 | 1,102 | 1,055 | 1,052 | 1,029 | 1,024 | 1,018 | 986 | 937 | 912 | 899 | 855 | 806 | 730 | 628 | 586 | 580 | 580 | 561 | 562 |
| EBITDA | -100.0% | - | 1,541 | 1,543 | 1,584 | 1,047 | 1,477 | 1,278 | 1,558 | 1,566 | 1,263 | 1,197 | 736 | 500 | 493 | 393 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.29* | 0.30* | 0.32* | 0.22* | 0.31* | 0.27* | 0.33* | 0.33* | 0.28* | 0.27* | 0.17* | 0.13* | 0.14* | 0.13* | - | - | - | - | - | - |
| Interest Expenses | -9.3% | -410 | -375 | -336 | -303 | -285 | -279 | -282 | -287 | -293 | -306 | -335 | -367 | -383 | -352 | -304 | -251 | -214 | -219 | -220 | -219 | -217 |
| Earnings Before Taxes | -18.0% | 855 | 1,043 | 1,217 | 1,300 | 1,166 | 1,138 | 1,093 | 1,257 | 1,276 | 1,141 | 1,105 | 780 | 560 | 522 | 373 | 418 | 519 | 541 | 533 | 407 | 346 |
| EBT Margin | -100.0% | - | 0.20* | 0.23* | 0.26* | 0.24* | 0.24* | 0.24* | 0.26* | 0.27* | 0.25* | 0.25* | 0.18* | 0.15* | 0.15* | 0.12* | - | - | - | - | - | - |
| Net Income | -15.8% | 699 | 830 | 971 | 1,032 | 913 | 886 | 835 | 935 | 956 | 855 | 811 | 560 | 364 | 332 | 230 | 270 | 377 | 396 | 389 | 615 | 561 |
| Net Income Margin | -100.0% | - | 0.16* | 0.19* | 0.21* | 0.19* | 0.19* | 0.18* | 0.20* | 0.20* | 0.19* | 0.18* | 0.13* | 0.10* | 0.09* | 0.08* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,214 | 1,246 | 1,373 | 1,281 | 1,138 | 1,064 | 1,106 | 964 | 1,098 | 1,037 | 722 | 657 | 479 | 220 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.2% | 12,310 | 12,464 | 12,679 | 13,098 | 12,916 | 13,091 | 13,265 | 13,283 | 13,288 | 13,348 | 13,404 | 13,291 | 13,540 | 13,575 | 13,990 | 14,103 | 7,032 | 13,990 | 7,062 | 7,119 | 7,119 |
| Current Assets | -7.4% | 1,573 | 1,698 | 1,615 | 1,666 | 1,455 | 1,482 | 1,413 | 1,312 | 1,393 | 1,376 | 1,210 | 1,341 | 1,543 | 1,514 | 1,352 | 1,436 | 776 | 744 | 767 | 766 | 717 |
| Cash Equivalents | -16.2% | 346 | 413 | 204 | 347 | 292 | 342 | 207 | 210 | 330 | 356 | 169 | 427 | 681 | 451 | 249 | 334 | 80.00 | 129 | 145 | 118 | 148 |
| Net PPE | 0.9% | 1,267 | 1,256 | 1,262 | 1,491 | 1,493 | 1,502 | 1,513 | 1,586 | 1,592 | 1,601 | 1,605 | 1,598 | 1,581 | 1,547 | 1,290 | 1,257 | 749 | 740 | 732 | 724 | 720 |
| Goodwill | 0% | 2,961 | 2,961 | 2,961 | 3,052 | 3,052 | 3,052 | 3,052 | 3,052 | 2,983 | 2,983 | 2,961 | 2,861 | 2,881 | 4.00 | 2,997 | 896 | 2,166 | 2,997 | 2,168 | 2,187 | 2,185 |
| Liabilities | -0.7% | 9,747 | 9,811 | 9,910 | 10,150 | 10,046 | 10,169 | 10,407 | 10,650 | 10,662 | 10,757 | 10,867 | 11,036 | 11,338 | 11,459 | 11,936 | 12,153 | 5,073 | 5,198 | 5,193 | 5,367 | 5,477 |
| Current Liabilities | -3.2% | 836 | 864 | 893 | 915 | 746 | 734 | 787 | 711 | 639 | 730 | 731 | 672 | 822 | 916 | 948 | 1,094 | 494 | 430 | 404 | 367 | 295 |
| LT Debt, Current | 0% | 124 | 124 | 124 | 124 | 124 | 55.00 | 47.00 | 41.00 | 34.00 | 25.00 | 21.00 | 23.00 | 60.00 | 56.00 | 109 | 143 | 95.00 | 96.00 | 96.00 | 42.00 | 42.00 |
| LT Debt, Non Current | -0.4% | 6,771 | 6,799 | 6,827 | 7,053 | 7,110 | 7,205 | 7,368 | 7,506 | 7,586 | 7,567 | 7,647 | 7,860 | 7,978 | 7,991 | 8,383 | 8,393 | 3,690 | 3,797 | 3,885 | 4,106 | 4,246 |
| Shareholder's Equity | -4.1% | 2,543 | 2,653 | 2,741 | 2,926 | 2,869 | 2,921 | 2,856 | 2,633 | 2,625 | 2,591 | 2,537 | 2,255 | 2,202 | 2,116 | 2,054 | 1,950 | 1,958 | 1,899 | 1,869 | 1,752 | 1,642 |
| Retained Earnings | 1.6% | 3,142 | 3,094 | 3,033 | 2,864 | 2,610 | 2,419 | 2,204 | 1,964 | 1,824 | 1,659 | 1,488 | 1,150 | 984 | 910 | 779 | 675 | 702 | 655 | 620 | 484 | 401 |
| Additional Paid-In Capital | -0.9% | 1,263 | 1,275 | 1,288 | 1,271 | 1,258 | 1,269 | 1,311 | 1,335 | 1,327 | 1,334 | 1,363 | 1,351 | 1,341 | 1,334 | 1,354 | 1,347 | 1,337 | 1,333 | 1,352 | 1,344 | 1,338 |
| Shares Outstanding | -1.7% | 35.00 | 36.00 | 37.00 | 38.00 | 40.00 | 41.00 | 41.00 | 42.00 | 43.00 | 43.00 | 44.00 | 45.00 | 45.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 |
| Minority Interest | -31.0% | 20.00 | 29.00 | 28.00 | 22.00 | -0.60 | 6.00 | 7.00 | 15.00 | 15.00 | 17.00 | 18.00 | 20.00 | 21.00 | - | 22.00 | - | - | - | - | - | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -7.6% | 1,273 | 1,378 | 1,403 | 1,518 | 1,428 | 1,286 | 1,215 | 1,258 | 1,133 | 1,287 | 1,254 | 979 | 898 | 708 | 417 | 566 | 656 | 682 | 737 | 533 | 315 |
| Share Based Compensation | 0% | 63.00 | 63.00 | 62.00 | 56.00 | 51.00 | 48.00 | 47.00 | 47.00 | 47.00 | 49.00 | 48.00 | 46.00 | 44.00 | 41.00 | 39.00 | 37.00 | 34.00 | 33.00 | 31.00 | 29.00 | 27.00 |
| Cashflow From Investing | -39.6% | 67.00 | 111 | 125 | -49.20 | -204 | -231 | -232 | -493 | -404 | -413 | -39.80 | 140 | -4,343 | -4,337 | -4,702 | -4,608 | -101 | -88.23 | -175 | -173 | 325 |
| Cashflow From Financing | 9.4% | -1,272 | -1,404 | -1,515 | -1,317 | -1,262 | -1,069 | -945 | -980 | -1,079 | -968 | -1,293 | -1,026 | 4,046 | 3,951 | 4,388 | 4,258 | -622 | -574 | -531 | -377 | -578 |
| Dividend Payments | 7.5% | 167 | 155 | 142 | 137 | 131 | 125 | 118 | 114 | 110 | 106 | 101 | 97.00 | 93.00 | 88.00 | 83.00 | 79.00 | 76.00 | 72.00 | 69.00 | 65.00 | 62.00 |
| Buy Backs | -12.1% | 790 | 899 | 881 | 755 | 684 | 574 | 537 | 488 | 468 | 330 | 282 | 263 | 145 | 290 | 45.00 | - | - | - | 51.00 | 51.00 | 91.00 |
NXST Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues [Abstract] | ||||
| Net revenue | $ 1,240 | $ 1,245 | $ 2,497 | $ 2,455 |
| Operating expenses (income): | ||||
| Direct operating expenses, excluding depreciation and amortization | 537 | 502 | 1,075 | 992 |
| Selling, general and administrative expenses, excluding depreciation and amortization | 262 | 266 | 528 | 514 |
| Depreciation and amortization expense | 262 | 143 | 511 | 288 |
| Other | (2) | |||
| Total operating expenses | 1,061 | 911 | 2,114 | 1,792 |
| Income from operations | 179 | 334 | 383 | 663 |
| Income from equity method investments, net | 32 | 36 | 57 | 74 |
| Interest expense, net | (111) | (76) | (218) | (145) |
| Pension and other postretirement plans credit, net | 10 | 11 | 19 | 22 |
| Other expenses, net | (7) | (1) | (12) | |
| Income before income taxes | 110 | 298 | 240 | 602 |
| Income tax expense | (35) | (72) | (77) | (124) |
| Net income | 75 | 226 | 163 | 478 |
| Net loss attributable to noncontrolling interests | 21 | 1 | 44 | 1 |
| Net income attributable to Nexstar Media Group, Inc. | $ 96 | $ 227 | $ 207 | $ 479 |
| Net income per common share attributable to Nexstar Media Group, Inc.: | ||||
| Basic | $ 2.68 | $ 5.66 | $ 5.71 | $ 11.8 |
| Diluted | $ 2.64 | $ 5.56 | $ 5.61 | $ 11.54 |
| Weighted average number of common shares outstanding: | ||||
| Basic (in thousands) | 35,788 | 40,203 | 36,250 | 40,572 |
| Diluted (in thousands) | 36,314 | 40,928 | 36,878 | 41,454 |
NXST Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||
|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | $ 346 | $ 204 | ||
| Restricted cash and cash equivalents | 14 | 16 | ||
| Accounts receivable, net of allowance for credit losses of $18 and $18, respectively | 944 | 1,080 | ||
| Broadcast rights | 114 | 194 | ||
| Prepaid expenses and other current assets | 155 | 121 | ||
| Total current assets | 1,573 | 1,615 | ||
| Property and equipment, net | 1,267 | 1,262 | ||
| Goodwill | 2,961 | 2,961 | ||
| FCC licenses | 2,910 | 2,910 | ||
| Intangible assets, net | 2,287 | 2,434 | ||
| Investments | 927 | 1,119 | ||
| Other noncurrent assets, net | 385 | 378 | ||
| Total assets | [1] | 12,310 | 12,679 | |
| Current liabilities: | ||||
| Current portion of debt | 124 | 124 | ||
| Accounts payable | 127 | 198 | ||
| Broadcast rights payable | 125 | 151 | ||
| Accrued expenses | 333 | 319 | ||
| Operating lease liabilities | 49 | 50 | ||
| Other current liabilities | 78 | 51 | ||
| Total current liabilities | 836 | 893 | ||
| Debt | 6,771 | 6,827 | ||
| Deferred tax liabilities | 1,586 | 1,606 | ||
| Other noncurrent liabilities | 554 | 584 | ||
| Total liabilities | [1] | 9,747 | 9,910 | |
| Commitments and contingencies (Note 13) | ||||
| Stockholders' equity: | ||||
| Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of June 30, 2023 and December 31, 2022 | ||||
| Common stock | ||||
| Additional paid-in capital | 1,263 | 1,288 | ||
| Accumulated other comprehensive income | 27 | 27 | ||
| Retained earnings | 3,142 | 3,033 | ||
| Treasury stock - at cost; 11,901,423 and 10,472,637 shares as of June 30, 2023 and December 31, 2022, respectively | (1,889) | (1,607) | ||
| Total Nexstar Media Group, Inc. stockholders' equity | 2,543 | 2,741 | ||
| Noncontrolling interests | 20 | 28 | ||
| Total stockholders' equity | 2,563 | 2,769 | ||
| Total liabilities and stockholders' equity | 12,310 | 12,679 | ||
| Network affiliation agreements [Member] | ||||
| Current assets: | ||||
| Intangible assets, net | 1,777 | 1,871 | ||
| Other Intangible Assets [Member] | ||||
| Current assets: | ||||
| Intangible assets, net | $ 510 | $ 563 | ||
| ||||
Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.