NEXSTAR MEDIA GROUP, INC. company profile

Overview

Nexstar Media Group, Inc. is a U.S. media company operating in television broadcasting, television networks, and digital media. It produces and distributes local and national news, sports, and entertainment programming. The company states its mission is to create, produce, and distribute trusted programming that informs, entertains, engages, and inspires.[1]

At December 31, 2025, Nexstar owned, operated, programmed, or provided services to 201 full-power television stations across 116 markets in 40 states and Washington, D.C., reaching about 39% of U.S. television households. Its portfolio also includes The CW, NewsNation, Antenna TV, REWIND TV, digital properties, and an interest in TV Food Network.[2] In 2025, consolidated net revenue was $4.949 billion.[3] The company’s website reports that Nexstar and its subsidiaries employ more than 18,000 people.[4] Founded in 1996, Nexstar began with a television station in Scranton, Pennsylvania.[5] [2]

Products & services

Nexstar’s content offerings include local television news and programming, national cable news through **NewsNation**, and entertainment and sports programming on **The CW**. Its multicast networks include **Antenna TV**, **REWIND TV**, **True Crime** and **Quest**; it also operates **WGN Radio**. The CW App is a free, ad-supported service for on-demand episodes, seasons, films and television programming.[6][7] NewsNation is available through pay-TV and online distribution, its mobile app, and connected-TV apps for platforms including Roku, Apple TV, Amazon Fire, Android TV and Samsung devices. [Nexstar Networks](https://www.nexstar.tv/networks/)[NewsNation CTV apps announcement](https://www.nexstar.tv/newsnation-launches-connected-tv-apps-on-major-platforms/)

Digital offerings include local websites and mobile apps, connected-TV apps and free ad-supported streaming television channels. Named digital products include **The Hill**, a digital-first political news outlet; **BestReviews**, a consumer product-recommendations platform; and **Locked On**, a sports podcast network.[6] Nexstar also sells television and digital advertising, including commercial airtime and advertising across websites, mobile and OTT apps, with digital inventory that includes programmatic options. Its **Brand Studio** develops branded series, specials, podcasts and entertainment and sports integrations.[P63052694][P74377257][Nexstar advertising](https://www.nexstar.tv/advertising/)[Brand Studio announcement](https://www.nexstar.tv/nexstar-brand-studio-launches-unlocking-new-advertiser-opportunities-across-the-cw-newsnation-and-nexstars-local-television-stations-ahead-of-americas-250th-birthday/)

Nexstar’s principal revenue streams are distribution fees—including retransmission and carriage fees—and advertising. In FY2025, distribution revenue was approximately 59% of net revenue and advertising approximately 40%.[12] [6]

Geographic presence

Nexstar Media Group’s operations are concentrated in the United States. In FY2025, it reported owning, operating, programming, or servicing 201 full-power television stations and one AM radio station across 116 markets in 40 states and Washington, D.C. Its television stations reached approximately 39% of U.S. TV households after application of the FCC UHF discount; its digital footprint included 125 local websites and 229 mobile apps.[2]

Nexstar’s principal executive office is in Irving, Texas.[17] At December 31, 2025, the company had 12,832 employees, but did not report their geographic distribution.[18] The company’s current stations page lists 265 stations in 132 markets across 44 states; this current web listing differs from the FY2025 filing figures.[19]

Nexstar reported $4.9 billion in FY2025 revenue, but did not provide a geographic revenue breakdown by country or region.[20] [2]

Business segments

Nexstar Media Group reports two business segments: **Broadcast** and **TEGNA**. Broadcast comprises Nexstar’s television stations (excluding TEGNA), related local websites, NewsNation, two owned-and-operated multicast networks and other multicast services, and WGN-AM. TEGNA includes its television stations, Premion advertising platform, multicast and podcast networks, and other digital assets. TEGNA became a reportable segment after Nexstar acquired it on March 19, 2026.[21]

For the three months ended June 30, 2026, Broadcast generated $1.236 billion in revenue, approximately **62%** of consolidated revenue; TEGNA generated $697 million, approximately **35%**. For the six months ended June 30, Broadcast generated $2.459 billion, approximately **73%** of consolidated revenue, while TEGNA generated $803 million, approximately **24%**. TEGNA’s six-month contribution reflects only the period after its acquisition. Percentages are approximate and calculated using consolidated revenue as the denominator.[22][23] [21]

Company history

Nexstar Media Group was founded in 1996 by broadcaster Perry A. Sook, beginning with the purchase of WYOU in Scranton, Pennsylvania. It expanded through station acquisitions, including Quorum Broadcasting in 2003, and went public that year.[5][24]

The company continued building its station portfolio in the 2010s, including a 2012 transaction involving stations from Newport Television and acquisitions from Communications Corporation of America, Meredith and Landmark in 2015.[25][26]

Nexstar agreed to acquire Media General in 2016 and completed the deal in January 2017, adopting the Nexstar Media Group name. It completed its acquisition of Tribune Media in September 2019, a major expansion that made it the largest U.S. local television broadcast and digital media company, according to the company.[27]

In October 2022, Nexstar acquired a 75% ownership interest in The CW network. Its merger with TEGNA closed on March 19, 2026, adding 64 full-power television stations and two radio stations across 51 markets, along with other media businesses.[30][31] [31]

Continue your research

From company context to financial detail.

Explore original sources and worldwide fundamental financial data and intelligence with Finbar.

Explore NEXSTAR MEDIA GROUP, INC. in Finbar ↗

NEXSTAR MEDIA GROUP, INC.