Nexstar Broadcasting Group

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Nexstar Broadcasting Group
Type Public
Traded as NASDAQNXST
Industry Broadcast television
Founded Irving, Texas (1996)
Founder(s) Perry A. Sook
Headquarters Irving, Texas
Area served United States (Nationwide)
Key people Perry A. Sook
(Chairman, President and CEO)
Timothy Busch
(Executive Vice President & Co-Chief Operation Officer)
Brian Jones
(Executive Vice President & Chief Financial Officer)
Products Television stations
Revenue Increase $62.8 million USD
Operating income Increase $17.5 million USD
Net income Increase $83.6 million USD
Employees 2,230 (2011)
Divisions Inergize Digital Media
Website www.nexstar.tv

Nexstar Broadcasting Group, Inc. is an American television broadcaster headquartered in Irving, Texas. The company's portfolio consists of 91 television stations across the U.S., most of whom are affiliates with the four "major" U.S. television networks located in small to media-sized markets. It also operates all of the stations owned by an affiliated company, Mission Broadcasting, under local marketing agreements.[1][2]

Television stations[edit]

The old Nexstar logo prior to 2006.

These stations are either owned and operated by Nexstar, or controlled by Nexstar through management services agreements (MSAs) with Mission Broadcasting or Sinclair Broadcast Group. Prior to October 2011, Nexstar operated television stations that were owned by the Four Points Media Group; however, on September 8, 2011, Sinclair announced its intent of purchasing the Four Points stations outright and took over the MSA for the stations that October upon Federal Trade Commission (FTC) approval of the deal (the Federal Communications Commission (FCC) gave final approval of the group deal on December 21, and the Sinclair purchase of the Four Points stations was completed on January 1, 2012).[3] Nexstar also holds the license of one station which is currently operated by Sinclair through an MSA. Most of the stations Nexstar owns and operates were acquired through acquisitions of Quorum Broadcasting in 2003 and Newport Television in 2012. Many of these stations are licensed under Mission Broadcasting and operated through MSAs by Nexstar to comply with current FCC ownership limits.[4]

Each Nexstar cluster also operates its own news website, although they do not use their station branding in the addresses, choosing to use a slogan related to their area. Most local Nexstar sites also have a related .biz site separate from the news site to promote Nexstar's daily local deal efforts, paid "ask the experts" sections, and local advertisers in each market.

Current Nexstar Stations[edit]

Stations are arranged alphabetically by state and by city of license.

City of License / Market Station Channel TV (RF) Owned Since Current Affiliation
Dothan - Ozark WDHN 18 (21) 2003 ABC
Fort Smith - Fayetteville - Springdale - Rogers KNWA-TV 51 (50) 2004 NBC
KFTA-TV 1 24 (27) 2004 Fox
Little Rock - Pine Bluff KARK-TV 4 (32) 2003 NBC
KARZ-TV 42 (44) 2009 MyNetworkTV
KLRT-TV 2 16 (30) 2013 Fox
KASN 2 38 (39) 2013 The CW
Bakersfield KGET-TV 17 (25) 2013 NBC
The CW (DT2)
KKEY-LP 11 (17.3) 2013 Telemundo
Fresno KSEE 24 (38) 2013 NBC
KGPE 47 (34) 2013 CBS
Jacksonville WCWJ 17 (34) 2009 The CW
Champaign - Urbana - Springfield - Decatur WCIA 3 (48) 1999 CBS
WCIX 49 (13) 1999 MyNetworkTV
Peoria - Bloomington WMBD-TV 31 (30) 1999 CBS
WYZZ-TV 43 (28) 4 Fox
Rockford WQRF-TV 39 (42) 2003 Fox
WTVO 2 17 (16) 2004 ABC
MyNetworkTV (DT2)
Rock Island - Davenport WHBF-TV 4 (4) 2013 CBS
Evansville WEHT 25 (7) 2011 ABC
WTVW 2 7 (28) 2003 The CW
Fort Wayne WFFT-TV 55 (36) 2003 Fox
Terre Haute WTWO 2 (36) 1997 NBC
WAWV-TV 2 38 (39) 2003 ABC
Ames - Des Moines WOI-DT 5 (5) 2013 ABC
Sioux City KCAU-TV 9 (9) 2013 ABC
Monroe - El Dorado KARD 14 (36) 2003 Fox
KTVE 2 10 (27) 2007 NBC
Shreveport - Texarkana KTAL-TV 6 (15) 2000 NBC
Hagerstown - Washington WHAG-TV 3 25 (26) 2003 NBC
Escanaba - Marquette WJMN-TV
(Semi-satellite of WFRV-TV)
3 (48) 2011 CBS
Joplin - Pittsburg KSNF 16 (46) 1998 NBC
KODE-TV 2 12 (43) 2002 ABC
Springfield - Branson KOZL-TV 27 (28) 2003 Independent
KOLR 2 10 (10) 2003 CBS
St. Joseph KQTV 2 (7) 1997 ABC
Hardin - Billings KSVI 6 (18) 2003 ABC
KHMT 2 4 (22) 2003 Fox
Binghamton WBGH-CA 20 (34.2) 2012 NBC
WIVT 34 (34) 2012 ABC
Elmira WETM-TV 18 (18) 2012 NBC
Independent (DT2)
Rochester WROC-TV 8 (45) 1999 CBS
Syracuse WSYR-TV 9 (17) 2012 ABC
Utica - Rome WFXV 33 (27) 2003 Fox
WPNY-LP 11 (20.2) 2003 MyNetworkTV
WUTR 2 20 (30) 2004 ABC
Watertown WWTI
(Semi-satellite of WSYR)
50 (21) 2004 ABC
The CW (DT2)
Altoona - State College - Johnstown WTAJ-TV 10 (32) 2006 CBS
Erie WJET-TV 24 (24) 1998 ABC
WFXP 2 66 (22) 1998 Fox
Lebanon - Lancaster - York - Harrisburg WLYH-TV 3 15 (23) 2006 The CW
Wilkes-Barre - Scranton WBRE-TV 28 (11) 1998 NBC
WYOU 2 22 (13) 1996 CBS
Jackson WJKT 16 (39) 2012 Fox
Memphis WATN-TV 24 (25) 2012 ABC
WLMT 30 (31) 2012 The CW
Abilene - Sweetwater KTAB-TV 32 (24) 1999 CBS
KRBC-TV 2 9 (29) 2003 NBC
Amarillo KAMR-TV 4 (19) 2003 NBC
KCIT 2 14 (15) 1999 Fox
KCPN-LP 2 33 (4.2) 1999 MyNetworkTV
Lubbock KLBK-TV 13 (40) 2003 CBS
KAMC 2 28 (27) 2003 ABC
Odessa - Midland KMID 2 (26) 2000 ABC
San Angelo KLST 8 (11) 2004 CBS
KSAN-TV 2 3 (16) 2003 NBC
Wichita Falls - Lawton KFDX-TV 3 (28) 1998 NBC
KJTL 2 18 (15) 1999 Fox
KJBO-LP 2 35 (3.2) 1999 MyNetworkTV
Salt Lake City KTVX 4 (40) 2012 ABC
KUCW 30 (48) 2012 The CW
Burlington - Plattsburgh WFFF-TV 44 (43) 2013 Fox
WVNY 2 22 (13) 2013 ABC
Green Bay - Appleton WFRV-TV 5 (39) 2011 CBS

Former Nexstar Stations[edit]

City of License / Market Station Channel TV (RF) Years Owned Current Ownership Status
Beaumont - Port Arthur KBTV-TV 4 (40) 1998-2012 Fox affiliate owned by Deerfield Media
(Operated through a LMA by Sinclair Broadcast Group)
Rochester WUHF 31 (28) 2005-20131 Fox affiliate owned by Sinclair Broadcast Group

Retransmission consent dispute with Fox[edit]

In 2011, Nexstar and Fox entered into a dispute over terms of reverse compensation; this occurred as Fox began to aggressively seek shares of earnings from retransmission consent agreements with cable and satellite operators as part of affiliation agreement renewals between station groups with affiliates whose affiliation contracts already expired (and carrying the network's programming without a contractual agreement) or were near expiration. Reportedly, the amount from retransmission consent fees from cable and satellite operators that Fox wanted its affiliates to pay the network would be 25 cents per subscriber during the first year of the affiliation agreement, increasing to 50 cents by the fourth year.[5] President of affiliate sales and marketing for Fox, Mike Hopkins, had said earlier in the year that the network would consider moving its affiliation to another market station as a last resort, if existing affiliates did not agree to the terms for reverse compensation retrans sharing.[6]

Fox dropped its affiliation from Nexstar-owned/managed stations in four markets, with three of the replacement stations adding Fox in addition to existing affiliations with the MyNetworkTV program service (owned by Fox parent company News Corporation). In Indiana, two markets saw Fox go from a primary affiliation of one station to joining an existing MyNetworkTV-affiliated digital subchannel of a competing Big Three station, with MNT going to a secondary affiliation: in Evansville, Fox moved from WTVW (which then became an independent station and later joined the CW) to a MNT-affiliated subchannel of CBS affiliate WEVV-TV on July 1, while in Fort Wayne, the Fox affiliation moved from WFFT-TV to an MNT-affiliated subchannel of NBC affiliate WISE-TV on August 1.[7] The network also moved its affiliation in Springfield, Missouri from KSFX-TV (operated in a duoploly with area CBS affiliate KOLR) to upstart MyNetworkTV affiliate KRBK on September 1, 2011, with both stations becoming independents.[7] Nexstar chose to drop Fox from WFXW in Terre Haute, Indiana and re-affiliate with ABC on September 1, 2011 (becoming the only Nexstar station thus far to affiliate with another network following the removal of the Fox affiliation) as part of a long-term renewal agreement between Nexstar and ABC for the group's nine existing ABC stations, reversing a 1995 switch that saw Terre Haute losing over-the air carriage of ABC programs (since then, ABC has been seen in the market via Indianapolis affiliate WRTV on area cable and satellite providers);[8][9] the Fox affiliation then moved to a digital subchannel of CBS affiliate WTHI-TV which also added MyNetworkTV as a secondary affiliation. Nexstar's remaining Fox affiliates have since signed a renewal agreement through December 2013;[10] in addition, following the settlement of Nexstar's antitrust lawsuit against WISE-TV owner Granite Broadcasting Corporation, WFFT-TV reclaimed the Fox affiliation on March 1, 2013.[11][12]

Possible sale[edit]

Nexstar announced on July 21, 2011 that it is exploring and evaluating strategic alternatives intended to maximize shareholder value, including a possible sale of the company.[13]

References[edit]

  1. ^ "Virtual Duopolies Coming Under Fire". TVNewsCheck. Retrieved 30 May 2012. 
  2. ^ Stelter, Brian. "You Can Change the Channel, but Local News Is the Same". The New York Times. Retrieved 30 May 2012. 
  3. ^ Nexstar Managing Four Points Stations, Broadcasting & Cable, March 23, 2009
  4. ^ http://www.fcc.gov/Bureaus/Mass_Media/News_Releases/1999/nrmm9019.html
  5. ^ "Fox Gives No Ground On Retrans Sharing", TVNewsCheck, April 12, 2011.
  6. ^ "Fox Inks New Affiliation Agreements, Scraps Others," from Broadcasting & Cable, 5/11/2011
  7. ^ a b "Fox Moves Afills In Springfield, Ft. Wayne". TVNewsCheck. June 20, 2011. Retrieved June 20, 2011. 
  8. ^ "Nexstar's WFXW Switching From Fox To ABC," from Broadcasting & Cable, 6/28/2011
  9. ^ Jessell, Harry A. (June 28, 2011). "Nexstar Drops Fox For ABC In Terre Haute". TVNewsCheck. Retrieved June 28, 2011. 
  10. ^ McAvoy, Kim (April 15, 2012). "Fox Is TV's New Station Group Leader". TVNewsCheck. Retrieved April 17, 2012. "Nexstar renewed its remaining eight Fox affiliates through December 2013." 
  11. ^ Knox, Merrill (February 6, 2013). "Nexstar, Granite Settle Antitrust Lawsuit, Returning Fox Affiliation to Fort Wayne’s WFFT". TVSpy. Retrieved February 6, 2013. 
  12. ^ Malone, Michael (February 6, 2013). "Nexstar's WFFT Fort Wayne Back in Fox Fold". Broadcasting & Cable. Retrieved February 6, 2013. 
  13. ^ "Sale of Nexstar Stations Possible as Company Explores ‘Strategic Alternatives’" Mediabistro.com, July 21, 2011

External links[edit]