About Nexstar Broadcasting
Nexstar Broadcasting is a company based in Irving (United States) founded in 1996 by Perry A Sook.. The company has 13,010 employees as of December 31, 2024. Nexstar Broadcasting has completed 12 acquisitions, including BestReviews, EndPlay and Fox 5 Krbk. Nexstar Broadcasting offers products and services including Television Programming and Digital Content Services.
- Headquarter Irving, United States
- Employees 13010 as on 31 Dec, 2024
- Founders Perry A Sook
- Stage Public
-
Sectors
Media & Entertainment
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Nexstar Media Group, Inc.
-
Annual Revenue
$5.41 B9.61as on Dec 31, 2024
-
Net Profit
$702 M102.89as on Dec 31, 2024
-
EBITDA
$2.1 B24.58as on Dec 31, 2024
-
Latest Funding Round
$2.68 B (USD), Debt – Conventional
Nov 22, 2018
-
Investors
-
Employee Count
13010
as on Dec 31, 2024
-
Investments & Acquisitions
BestReviews
& 11 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Nexstar Broadcasting
Nexstar Broadcasting is a publicly listed company on the NASDAQ with ticker symbol NXST in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Nexstar Broadcasting
Nexstar Broadcasting offers a comprehensive portfolio of products and services, including Television Programming and Digital Content Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Local and national news, sports, and entertainment are broadcasted through television stations to reach audiences.
Digital content publishing and video advertising are offered to clients and advertisers via online platforms.
Unlock access to complete
Unlock access to complete
Leadership Team
117 people
Software Development Team
79 people
Sales and Marketing
45 people
Product Management Team
10 people
Finance and Accounting
10 people
Legal and Compliance
10 people
Operations Team
10 people
Senior Team
8 people
Unlock access to complete
Funding Insights of Nexstar Broadcasting
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $2.7B
-
First Round
First Round
(17 Sep 2003)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Debt – Conventional - Nexstar Broadcasting | Valuation |
investors |
|
| Jan, 2015 | Amount | Debt – Conventional - Nexstar Broadcasting | Valuation |
investors |
|
| Dec, 2003 | Amount | Post-IPO - Nexstar Broadcasting | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Nexstar Broadcasting
Nexstar Broadcasting has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include BestReviews, EndPlay and Fox 5 Krbk. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Video ads are served across devices via a specialized platform.
|
2014 | ||||
|
General entertainment content is broadcast through a television network.
|
2014 | ||||
|
Video content management solutions are provided for media organizations.
|
2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Nexstar Broadcasting
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nexstar Broadcasting Comparisons
Competitors of Nexstar Broadcasting
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Nexstar Broadcasting
Frequently Asked Questions about Nexstar Broadcasting
When was Nexstar Broadcasting founded?
Nexstar Broadcasting was founded in 1996 and raised its 1st funding round 7 years after it was founded.
Where is Nexstar Broadcasting located?
Nexstar Broadcasting is headquartered in Irving, United States. It is registered at Irving, Texas, United States.
Who is the current CEO of Nexstar Broadcasting?
Perry A Sook is the current CEO of Nexstar Broadcasting. They have also founded this company.
How many employees does Nexstar Broadcasting have?
As of Dec 31, 2024, the latest employee count at Nexstar Broadcasting is 13,010.
What is the annual revenue of Nexstar Broadcasting?
Annual revenue of Nexstar Broadcasting is $5.41B as on Dec 31, 2024.
What does Nexstar Broadcasting do?
Nexstar Broadcasting is a subscription-based satellite TV service provider. It owns, operates, and programs, provides sales and other services to television stations located in New York, California and other cities. The company owns or provide services to 115 broadcast television stations and 36 related digital multicast signals and reaches 62 markets. It claims to reach 13.8 million television households in US. Its stations are affiliates of ABC, CBS, FOX, NBC, CW and My Network. Its 57 community portal websites offer additional hyper-local content for consumers and advertisers. Perry Sook is the founder and CEO of the company. In 2020, the company recorded annual revenues of 4.5 B and a net profit of 811.4 M.
What products or services does Nexstar Broadcasting offer?
Nexstar Broadcasting offers Television Programming and Digital Content Services.
Is Nexstar Broadcasting publicly traded?
Yes, Nexstar Broadcasting is publicly traded on NASDAQ under the ticker symbol NXST.
How many acquisitions has Nexstar Broadcasting made?
Nexstar Broadcasting has made 12 acquisitions, including BestReviews, EndPlay, and Fox 5 Krbk.
What is Nexstar Broadcasting's ticker symbol?
The ticker symbol of Nexstar Broadcasting is NXST on NASDAQ.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.