- Nexstar Broadcasting Group
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Nexstar Broadcasting Group, Inc., (NASDAQ: NXST) is an entity of broadcast television stations headquartered in Irving, Texas. The company consists of 50 television stations across the U.S., ranging from market sizes 9(a) (Washington, D.C. sub-market) to 201 (St. Joseph, Missouri). 43 of the stations are broadcasting at full power, with the other 4 broadcasting at low power.
Contents
Television stations
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 Sinclair Broadcast Group or Four Points Media Group (although as of September 8, 2011 Sinclair has announced its intent of purchasing the Four Points stations outright and would be taking over the MSA for the stations upon Federal Communications Commission (FCC) approval of the group deal).[1] Nexstar also holds the license of one station which is operated by Newport Television through an MSA. Most of the stations Nexstar owns and operates were acquired through the acquisition of Quorum Broadcasting in 2003. Many of these stations are licensed under the Mission Broadcasting brand, operated through MSAs with Nexstar to comply with current FCC ownership limits.[2]
Many viewers of Nexstar owned or operated stations have complained that these stations have lagged far behind other stations in those markets in beginning airing local programming (including newscasts) in high definition. For example, although a couple of stations owned by Four Points Media managed by Nexstar had already been airing high-definition newscasts (though the upgrades occurred prior to Nexstar taking over operations of the stations) and at least one Nexstar duopoly has been airing newscasts in enhanced definition widescreen, it wasn't until April 2011 that the first Nexstar-owned properties began airing newscasts in high definition under its own stewardship.
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.
Current DMA# Market Station ... Channel Number (DT) Current Affiliation Status 9. Hagerstown - Washington WHAG-TV 25 (26)1 NBC Owned & Operated 32. Salt Lake City - St. George - Provo - Ogden - Orem KUTV 2 (34) CBS
MNTV/This TV (DT2)Owned by Four Points Media Group KMYU 12 (9) MNTV/This TV Owned by Four Points Media Group 38. West Palm Beach - Fort Pierce WTVX 34 (50) The CW
Azteca América (DT2)
MNTV (DT3)
LATV (DT4)Owned by Four Points Media Group WTCN-CA 43 (50.3) MNTV Owned by Four Points Media Group WWHB-CA 48 (50.2) Azteca América Owned by Four Points Media Group 39. Lebanon - Lancaster - York - Harrisburg WLYH-TV 15 (23)2 The CW Operated by Newport Television 44. Austin, Texas KEYE-TV 42 (43) CBS
Telemundo (DT2)Owned by Four Points Media Group 49. Jacksonville, Florida WCWJ 17 (34) The CW Owned & Operated 53. Providence - New Bedford WLWC 28 (22) The CW Owned by Four Points Media Group 54. Wilkes-Barre - Scranton WBRE-TV 28 (11) NBC Owned & Operated WYOU 22 (13) CBS Owned by Mission Broadcasting 56. Little Rock - Pine Bluff KARK-TV 4 (32) NBC Owned & Operated KARZ-TV 42 (44) MNTV
This TV (DT2)Owned & Operated 71. Green Bay - Appleton WFRV-TV 5 (39) CBS Owned & Operated 74. Springfield - Branson KOZL-TV 27 (28) Independent Owned & Operated KOLR 10 (52) CBS Owned by Mission Broadcasting 81. Rochester WROC-TV 8 (45) CBS Owned & Operated WUHF 31 (28) Fox Owned by Sinclair Broadcast Group 83. Shreveport - Texarkana KTAL-TV 6 (15) NBC Owned & Operated 84. Champaign - Urbana - Springfield - Decatur WCIA 3 (48) CBS Owned & Operated WCIX 49 (13) MNTV Owned & Operated 100. Fort Smith - Fayetteville - Springdale - Rogers KNWA-TV 51 (50) NBC Owned & Operated KFTA-TV 24 (27)3 Fox Owned & Operated 102. Altoona - State College - Johnstown WTAJ-TV 10 (32) CBS Owned & Operated 103. Evansville WEHT 25 (7) ABC Acquisition from Gilmore Broadcasting pending WTVW 7 (28)3 Independent Owned & Operated 107. Fort Wayne WFFT-TV 55 (36) Independent Owned & Operated 116. Peoria - Bloomington WMBD-TV 31 (30) CBS Owned & Operated WYZZ-TV 43 (28) Fox Owned by Sinclair Broadcast Group 131. Amarillo KAMR-TV 4 (19) NBC Owned & Operated KCIT 14 (15) Fox Owned by Mission Broadcasting KCPN-LP 33 MNTV Owned by Mission Broadcasting 134. Rockford WQRF-TV 39 (42) Fox Owned & Operated WTVO 17 (16) ABC
MNTV (DT2)Owned by Mission Broadcasting 138. Monroe - El Dorado KARD 14 (36) Fox Owned & Operated KTVE 10 (27) NBC Owned by Mission Broadcasting 141. Beaumont - Port Arthur KBTV-TV 4 (40) Fox Owned & Operated 142. Lubbock KLBK-TV 13 (40) CBS Owned & Operated KAMC 28 (27) ABC Owned by Mission Broadcasting 144. Erie WJET-TV 24 (58) ABC Owned & Operated WFXP 66 (22) Fox Owned by Mission Broadcasting 146. Wichita Falls - Lawton KFDX-TV 3 (28) NBC Owned & Operated KJTL 18 (15) Fox Owned by Mission Broadcasting KJBO-LP 35 MNTV Owned by Mission Broadcasting 148. Joplin - Pittsburg KSNF 16 (46) NBC Owned & Operated KODE-TV 12 (43) ABC Owned by Mission Broadcasting 151. Odessa - Midland KMID 2 (26) ABC Owned & Operated 152. Terre Haute WTWO 2 (36) NBC Owned & Operated WAWV-TV 38 (39) ABC Owned by Mission Broadcasting 165. Abilene - Sweetwater KTAB-TV 32 (24) CBS Owned & Operated KRBC-TV 9 (29) NBC Owned by Mission Broadcasting 169. Dothan - Ozark WDHN 18 (21) ABC Owned & Operated 170. Hardin - Billings KSVI 6 (18) ABC Owned & Operated KHMT 4 (22) Fox Owned by Mission Broadcasting 171. Utica - Rome WFXV 33 (27) Fox Owned & Operated WPNY-LP 11 MNTV Owned & Operated WUTR 20 (30) ABC Owned by Mission Broadcasting 179. Escanaba - Marquette WJMN-TV 3 (48) CBS Owned & Operated
(semi-satellite of WFRV-TV)196. San Angelo KLST 8 (11) CBS Owned & Operated KSAN-TV 3 (16) NBC Owned by Mission Broadcasting 200. St. Joseph KQTV 2 (53) ABC Owned & Operated - 1WHAG serves as a sub-market station to the Washington, D.C. metropolitan area.
- 2Nexstar owns the station's license but management capabilities belong to Newport Television through another station, CBS affiliate WHP-TV, Newport operates the station under a Local Marketing Agreement.
- 3The sales of KFTA and WTVW to Mission Broadcasting are pending; Nexstar will continue to operate the stations after the sale.
Retransmission consent dispute with Fox
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.[3] 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.[4]
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 became an independent station) 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.[5] 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.[5] 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);[6][7] the Fox affiliation then moved to a digital subchannel of CBS affiliate WTHI-TV which also added MyNetworkTV as a secondary affiliation.
Possible sale
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.[8]
Political donations
The CEO of Nexstar, Perry Sook, has donated over $4,300 to Republican candidates and officials.[9]
References
- ^ Nexstar Managing Four Points Stations, Broadcasting & Cable, March 23, 2009
- ^ http://www.fcc.gov/Bureaus/Mass_Media/News_Releases/1999/nrmm9019.html
- ^ "Fox Gives No Ground On Retrans Sharing", TVNewsCheck, April 12, 2011.
- ^ "Fox Inks New Affiliation Agreements, Scraps Others," from Broadcasting & Cable, 5/11/2011
- ^ a b "Fox Moves Afills In Springfield, Ft. Wayne". TVNewsCheck. June 20, 2011. http://www.tvnewscheck.com/article/2011/06/20/52002/fox-moves-affils-in-springfield-ft-wayne. Retrieved June 20, 2011.
- ^ "Nexstar's WFXW Switching From Fox To ABC," from Broadcasting & Cable, 6/28/2011
- ^ Jessell, Harry A. (June 28, 2011). "Nexstar Drops Fox For ABC In Terre Haute". TVNewsCheck. http://www.tvnewscheck.com/article/2011/06/28/52203/nexstar-drops-fox-for-abc-in-terre-haute?utm_source=Listrak&utm_medium=Email&utm_term=http%3a%2f%2fwww.tvnewscheck.com%2farticle%2f2011%2f06%2f28%2f52203%2fnexstar-drops-fox-for-abc-in-terre-haute&utm_campaign=Nexstar+Drops+Fox+For+ABC+In+Terre+Haute. Retrieved June 28, 2011.
- ^ "Sale of Nexstar Stations Possible as Company Explores ‘Strategic Alternatives’" Mediabistro.com, July 21, 2011
- ^ Newsmeat.com Campaign Contribution Search
External links
Azteca América Network Affiliates WWHB4CBS Network Affiliates The CW Network Affiliates Fox Network Affiliates LATV Affiliate WTVX4MyNetworkTV Affiliates NBC Network Affiliates Telemundo Affiliate KEYE4This TV Network Affiliates Independent Stations 1Nexstar operates these stations owned by Mission Broadcasting.
7Acquisition of the station from Gilmore Broadcasting is awaiting FCC approval.
2Sale of the stations to Mission Broadcasting is awaiting FCC approval. Nexstar will continue to operate the stations.
3Nexstar operates these stations owned by Sinclair Broadcast Group.
4Nexstar operates these stations owned by Four Points Media Group; Sinclair Broadcast Group has announced its intent to purchase the Four Points stations
outright, and will take over as its LMA partner following antitrust approval of the sale by the Federal Trade Commission.
5Nexstar holds the license to this station, but management capabilities belong to Newport Television.
6Station also holds secondary affiliation with Me-TV.Annual Revenue: $226.1 million USD (2005) · Employees: Unknown at this time. · Stock Symbol: NASDAQ: NXST · Website: nexstar.tv Categories:- Companies listed on NASDAQ
- Nexstar Broadcasting Group
- Television broadcasting companies of the United States
- Companies based in Irving, Texas
- Private equity portfolio companies
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