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Nexstar Media Group, Inc. is an American publicly traded media company with headquarter offices in Irving, Texas; Midtown Manhattan; and Chicago, Illinois. The company is the largest television station owner in the United States, owning 197 television stations across the U.S., most of which are affiliates with the four "major" U.S. television networks, and MyNetworkTV. It also operates all of the stations owned by affiliated companies, such as Mission Broadcasting and Vaughan Media, under local marketing agreements, and operates major TV network The CW through a 75% majority stake, two terrestrial television networks airing classic shows, Antenna TV and Rewind TV, and has full or partial ownership stakes in three pay television networks (cable news and entertainment network NewsNation and food and cooking networks Food Network and Cooking Channel, the latter two through a 31% stake in Television Food Network G.P.). History 1996–2010: Formation The Nexstar Media Group was fou ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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NewsNation
NewsNation is an American subscription television network owned by the Nexstar Media Group, and is the company's only wholly-owned, national cable-originated television channel. The channel runs a mixture of entertainment programming (consisting of comedy and drama series, and theatrical feature films) for most of the broadcast day and a straight-news format during the evening and overnight hours, and also on weekday mornings. Known for most of its history as Superstation WGN before becoming WGN America in 2014, it relaunched on March 1, 2021 as a cable news network named after its flagship news program. The channel's relaunch came as part of a planned expansion of its news programming. In September 2018, the channel, then WGN America, was received by approximately 80 million households that subscribed to a pay television service throughout the United States (or 62.7% of households with at least one television set). History As a superstation WGN America was originally establ ...
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Rewind TV
Rewind TV is an American digital television network owned by Nexstar Media Group, and is a spinoff/sister network of Antenna TV. The network's programming consists of classic television series, primarily sitcoms, from the 1980s to the early 2000s. Rewind TV's programming and advertising operations are headquartered in the WGN-TV studios in Chicago. History Origins and launch In July 2016, Antenna TV owner Tribune Broadcasting was considering adding a sister network which would take shows that draw older audiences, in an arrangement that proposed refocusing Antenna TV around shows targeting younger audiences. By April 26, 2021, this idea had evolved and Nexstar Media - which had bought out Tribune - announced that it would launch a new digital broadcast network - Rewind TV - focusing on sitcoms from the 1980s, 1990s and 2000s, serving as a complementary sister network to Antenna TV (which now focuses on shows from the 1950s, 1960s, and 1970s). Rewind TV began operations at 5 a. ...
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Antenna TV
Antenna TV is an American digital television network owned by Nexstar Media Group. The network's programming consists of classic television series, primarily sitcoms, from the 1950s to the 1990s. Antenna TV's programming and advertising operations are headquartered in the WGN-TV studios in Chicago. The network's operations are overseen by Sean Compton, who serves as the president of networks for Nexstar. The network is available in many media markets via the digital subchannels of over-the-air television stations, and on select cable television providers, such as Xfinity and Verizon Fios through a local affiliate of the network and IPTV. Antenna TV broadcasts 24 hours a day in either 480i standard definition or 720p high definition depending on market. History Tribune Broadcasting announced the formation of Antenna TV on August 30, 2010, with television stations owned by Tribune and Local TV LLC (an Oak Hill Capital Partners-controlled holding company that Tribune had bee ...
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Local Marketing Agreement
In North American broadcasting, a local marketing agreement (LMA), or local management agreement, is a contract in which one company agrees to operate a radio or television station owned by another party. In essence, it is a sort of lease or time-buy. Under Federal Communications Commission (FCC) regulations, a local marketing agreement must give the company operating the station (the "senior" partner) under the agreement control over the entire facilities of the station, including the finances, personnel and programming of the station. Its original licensee (the "junior" partner) still remains legally responsible for the station and its operations, such as compliance with relevant regulations regarding content. Occasionally, a "local marketing agreement" may refer to the sharing or contracting of only certain functions, in particular advertising sales. This may also be referred to as a time brokerage agreement (TBA), local sales agreement (LSA), management services agreement ( ...
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Vaughan Media
Vaughan Media, LLC is a company which owns the broadcast licenses of several stations operated by Nexstar Media Group. History The company was founded in 2011 when it made its first acquisition, WBDT, from ACME Communications. LIN Media, the owner of WDTN, could not legally own both WDTN and WBDT. It sold off certain assets, including WBDT's broadcast license, to Vaughan Media. The sale was consummated on May 20, 2011, at which point LIN took control of the station via a shared services agreement with WDTN. In 2012, the company acquired television stations owned by PBC Broadcasting which were operated by New Vision Television. In August 2014, it was announced that Sinclair Broadcast Group would take over the shared services agreement to operate WTGS as well as rights to acquire the station. Sinclair exercised the option and acquired the station upon close of the sale of LIN Media to Media General. The remaining Vaughan stations continued under operation by Media General af ...
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Mission Broadcasting
Mission Broadcasting, Inc. is a television station group that owns 20 television stations in 17 markets in the United States. The group's Chair is Nancie Smith, the widow of David S. Smith, who founded the company in 1996 and died in 2011. All but one of Mission's stations are located in markets where Nexstar Media Group also owns a station, and all of Mission's stations (including its lone stand-alone station) are managed by Nexstar through shared services and local marketing agreementseffectively creating duopolies between the top two stations in a market or in markets with too few stations or unique station owners to legally allow duopolies. The company moved its headquarters from Westlake, Ohio, to Wichita Falls, Texas, in 2018. The company's stations are based in markets as large as New York City and as small as Grand Junction, Colorado. History In 1996, Mission Broadcasting was started with its first stations were WUPN in Greensboro and WUXP in Nashville. Both of these w ...
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MyNetworkTV
MyNetworkTV (unofficially abbreviated MyTV, MyNet, MNT or MNTV, and sometimes referred to as My Network) is an American commercial broadcast television syndication service and former television network owned by Fox Corporation, operated by its Fox Television Stations division, and distributed through the syndication structure of Fox First Run. MyNetworkTV began its operations on September 5, 2006, with an initial affiliate lineup covering about 96% of the country, most of which consisted of stations that were former affiliates of The WB and UPN that did not join the successor of those two networks, The CW. Under the ownership structure of Fox Corporation, the service is incorporated as a subsidiary company known as MyNetworkTV, Inc. On September 28, 2009, following disappointment with the network's results, MyNetworkTV dropped its status as a television network and transitioned into a programming service, similar to Ion Television and The CW Plus, relying mainly on repeats o ...
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Television Network
A television network or television broadcaster is a telecommunications network for distribution of television program content, where a central operation provides programming to many television stations or multichannel video programming distributor, pay television providers. Until the mid-1980s, television broadcast programming, programming in most countries of the world was dominated by a small number of terrestrial networks. Many early television networks (such as NBC, the Australian Broadcasting Corporation, ABC, or the BBC) evolved from earlier radio networks. Overview In countries where most networks broadcast identical, centrally originated content to all of their stations and where most individual television transmitters therefore operate only as large "broadcast relay station, repeater stations", the terms "television network", "television channel" (a numeric identifier or radio frequency) and "television station" have become mostly interchangeable in everyday language, wit ...
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Television Station
A television station is a set of equipment managed by a business, organisation or other entity, such as an amateur television (ATV) operator, that transmits video content and audio content via radio waves directly from a transmitter on the earth's surface to any number of tuned receivers simultaneously. Overview Most often the term "television station" refers to a station which broadcasts structured content to an audience or it refers to the organization that operates the station. A terrestrial television transmission can occur via analog television signals or, more recently, via digital television signals. Television stations are differentiated from cable television or other video providers in that their content is broadcast via terrestrial radio waves. A group of television stations with common ownership or affiliation are known as a TV network and an individual station within the network is referred to as O&O or affiliate, respectively. Because television station signals u ...
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Chicago, Illinois
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tot ...
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Midtown Manhattan
Midtown Manhattan is the central portion of the New York City borough of Manhattan and serves as the city's primary central business district. Midtown is home to some of the city's most prominent buildings, including the Empire State Building, the Chrysler Building, the Hudson Yards Redevelopment Project, the headquarters of the United Nations, Grand Central Terminal, and Rockefeller Center, as well as tourist destinations such as Broadway, Times Square, and Koreatown. Penn Station in Midtown Manhattan is the busiest transportation hub in the Western Hemisphere. Midtown Manhattan is the largest central business district in the world and ranks among the most expensive locations for real estate; Fifth Avenue in Midtown Manhattan commands the world's highest retail rents, with average annual rents at US in 2017. However, due to the high price of retail spaces in Midtown, there are also many vacant storefronts in the neighborhood. Midtown is the country's largest commercial, ent ...
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