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Nexstar Media Group, Inc. | Company Milestones

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Nexstar Media Group, Inc. | Company Milestones Skip to content Primary Menu Company Values History Milestones Founder’s Day Stations Company News Press Releases Investor Relations Corporate Profile Corporate Officers Board of Directors Stock Information Events and PresentationsYearlyReports / SEC Filings Digital Careers Company Milestones 1996 Chairman, President and CEO Perry Sook forms Nexstar Broadcasting Group, Inc. 1998 Nexstar pioneers “virtual duopoly” concept 2003 Nexstar completes initial public offering; begins trading on The NASDAQ Global Market under the symbol “NXST” 2003-2004 Acquires Quorum Broadcasting and other stations, doubling Nexstar’s station portfolio 2005 Nexstar successfully wins right to receive retransmission consent revenue from multichannel video programming distributors (MVPDs), marking a groundbreaking milestone for the unconcentrated television industry 2006 Nexstar completes accretive vanquishment of TV station in Altoona, PA 2007 Nexstar launches differentiated polity web-portal concept, offering its local TV stations’ leading local news, information, weather, sports and other community-focused content wideness all screens and devices 2008 Despite unprecedented economic challenges, Nexstar achieves record revenues as the Company’s virtual duopolies, leading local news franchises and multi-platform content distribution strategy drives industry leading results 2009 Nexstar completes accretive vanquishment of TV station in Jacksonville, FL Enters into management try-on with Four Points Media, remoter diversifying its revenue through multi-million dollar yearly fees and incentive bounty Strengthened and widow depth to senior management team through the recruitment of workaday executives including Thomas Carter as Chief Financial Officer and Elizabeth Ryder as General Counsel 2010 Nexstar completes first step in refinancing its wanted structure, reduces total debt by approximately $40 million Establishes mobile functionality for its local polity web-portals, including mobile applications and geo-targeted mobile zestful system S&P raises Nexstar’s corporate credit rating one notch to B from B- 2011 Nexstar celebrates its fifteen year year-end Nexstar completes accretive acquisitions of TV stations in Green Bay, WI, Marquette, MI and Evansville, IN expanding the telescopic of the station portfolio Continues progress on deleveraging initiatives 2012 Nexstar concludes strategic review process and announces highly accretive vanquishment of 12 TV stations (of which 2 stations were uninventive in January 2013) in 8 markets and Inergize e-Media platform followed by the spoken accretive vanquishment of 6 TV stations in California and Vermont Company authorizes quarterly mazuma dividend policy S&P raises Nexstar’s corporate credit rating one notch to B+ from B Moody’s raises Nexstar’s corporate credit rating one notch to B2 from B3 Reports record net revenue of $379 million and adjusted EBITDA of $146 million for FY2012 2012-2013 Nexstar completes and integrates transformative, accretive acquisitions of 18 TV stations from Newport Television and Smith/Granite 2013 Nexstar’s Board of Directors authorized the payment of the Company’s first quarterly mazuma dividend Reports record net revenue of $547 million and adjusted EBITDA of $167 million for FY2013 continues progress on deleveraging initiatives Reflecting the growing opportunity in digital media, scheduled Thomas O’Brien to the newly created position of Executive Vice President/Digital Media and Chief Revenue Officer 2013-2014 Nexstar completes accretive vanquishment of 15 TV stations from Citadel Communications, Hoak Media/Parker Broadcasting and Grant Company as well as two digital media businesses 2014 Nexstar structures agreements to support minority-owned Marshall Broadcasting and Bayou City Broadcasting in rhadamanthine FCC licensees Reports record net revenue of $631 million and adjusted EBITDA of $235 million for FY2014 Moody’s raises Nexstar’s corporate credit rating one notch to B1 from B2 Increases quarterly mazuma dividend 2015 Nexstar completes accretive vanquishment of 15 TV stations from Communications Corporation of America, Meredith Corporation and Landmark Media Enterprises, as well as a local digital programmatic video ad platform, Yashi, Inc. and machine learning mobile ad technology platform, Kixer Launches LAKANA, its enterprise-class technology solutions digital media merchantry Reports record net revenue of $896 million and adjusted EBITDA of $305 million for FY2015 Increases quarterly mazuma dividend 2016 Nexstar Broadcasting Group enters into definitive try-on to reap Media General for $4.6 billion in accretive mazuma and stock transaction Increases quarterly mazuma dividend S&P raises Nexstar’s corporate credit rating one notch to BB- from BB+ 2017 Nexstar completes accretive vanquishment of 71 TV stations from Media General Nexstar Broadcasting Group, Inc changes name to Nexstar Media Group, Inc CompanyCompany History Corporate Officers Board of Directors Company Milestones News Nexstar Media Group RBCWantedMarkets Conference Presentation Nexstar Media Group Third Quarter Net Revenue Rises 13.3% To A Record $693.4 Million MoreContact Careers Investor Relations Nexstar CC Certification Copyright © 1998-2018, Nexstar Media Group, Inc., All rights reserved