Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that it released a new investor presentation highlighting the Company's leading industry position, long-term record of execution and value creation, the value of the broadcast television model, and perspectives on its growth opportunities. The presentation provides additional detail for investors that are new to the Nexstar story. Highlights from the presentation include:
- The prospect for meaningful broadcast ownership reform;
- Nexstar's unique scale, asset mix, and competitive positioning as the owner of the largest portfolio of local broadcast television stations, The CW, America's fifth major broadcast network, and NewsNation, a non-partisan national news network;
- The differentiated trajectory for broadcast television and news networks versus general entertainment programming in the linear television ecosystem;
- Broadcast television's position as the most important medium for engaging live sports audiences and for political advertising;
- The continued under-monetization of broadcast stations by pay television distributors as broadcast is underpaid relative to its ratings;
- Key milestones in the growth of The CW since Nexstar's acquisition in 2022;
- Key milestones in the growth of NewsNation since Nexstar's launch in 2021; and,
- Key milestones to watch for related to the ATSC 3.0 opportunity which BIA Kelsey estimates could generate up to $15 billion of annual revenues for the industry by 2030.
The presentation can be accessed through the "Events and Presentations" section under "Investor Relations" on Nexstar's website at www.nexstar.tv.
About Nexstar Media Group, Inc.
Nexstar Media Group, Inc. (NASDAQ:NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms, including more than 316,000 hours of programming produced annually by its business units. Nexstar owns America's largest local television broadcasting group comprised of top network affiliates, with more than 200 owned or partner stations in 116 U.S. markets reaching 220 million people. Nexstar's national television properties include The CW, America's fifth major broadcast network, NewsNation, our national news network providing "News for All Americans," popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food Network. The Company's portfolio of digital assets, including its local TV station websites, The Hill and NewsNationNow.com, are collectively a Top 10 U.S. digital news and information property. For more information, please visit nexstar.tv
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Investor Contacts:
Lee Ann Gliha
Executive Vice President and Chief Financial Officer
Nexstar Media Group, Inc.
972/373-8800
Joseph Jaffoni or Jennifer Neuman
JCIR
212/835-8500 or [email protected]
Media Contact:
Gary Weitman
EVP and Chief Communications Officer
972/373-8800
[email protected]