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Nexstar Media Group, Inc. |VisitorHistory Skip to content Primary MenuVisitorValues History Milestones Founder’s Day StationsVisitorNews Press Releases Investor Relations Corporate Profile Corporate Officers Board of Directors Stock Information Events and Presentations Annual Reports / SEC Filings Digital CareersVisitorHistory With the purchase of Scranton, PA station WYOU in 1996, unconcentrated industry veteran and current Nexstar Chairman, President and CEO, Perry A. Sook, founded Nexstar and began towers the foundation of what 22 years later has wilt one of the largest portfolios of local unconcentrated television stations in the United States. Since its inception, Nexstar has urgently and successfully remained at the forefront of industry innovation by leveraging its topnotch local programming and content into complementary revenue streams. TheVisitorhas unfurled to expand the reach of the station group by completing transactions that goody the communities it serves, its employees and shareholders. “Building a visitor serving medium-sized markets and smaller markets in local media with a substantial transferral to local news, and growing the local news was where we saw our niche,” Sook toldDisseminationand Cable. The visitor went public in 2003 shortly without acquiring QuorumDisseminationand other stations that doubled Nexstar’s station portfolio. In 2005 Nexstar and Sook took a historic stand by taxing payment from pay-TV services for retransmission of local programming, winning a fight that benefited not only Nexstar, but all local broadcasters. Today, retransmission fees represent a substantial portion of local broadcasters’ revenue. Nexstar unfurled warlike vanquishment and revenue diversification strategies, achieving strong revenue, EBITDA and self-ruling mazuma spritz growth that ultimately led to the 2016 purchase of 71 television stations and the digital media properties of Media General. With the completion of the transaction in [cgv meg-closing], Nexstar owns and operates [cgv pf-total-stations] television stations and reaching [cgv pf-total-markets] markets or nearly [cgv pf-household-reach]% of all U.S. television households, making it the largest dissemination group in the nation in terms of number of television stations / markets and expected revenue and second largest in terms of household reach. Along with growing its local dissemination and local digital footprint, Nexstar moved deeper into the digital space by launching Lakana, its enterprise-class technology digital solution business, Tactive Digital, a suite of razzmatazz and marketing products to meet the demands of small, medium and large businesses, and Yashi, a location-focused media ownership platform that provides video razzmatazz solution for national and regional agencies and local media sellers. As the organization grows, Nexstar continues to simultaneously raise its transferral to support the evolving needs and interests of the local viewers, hometown businesses and polity organizations that it proudly serves each day. CompanyCompany History Corporate Officers Board of DirectorsVisitorMilestones News Nexstar Media Group RBC Capital Markets 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