Nexstar Media Group, Inc.

Nexstar Media Group is a diversified media company that produces and distributes local and national news, sports, and entertainment content across television and digital platforms in the United States. It owns, operates, programs, or provides sales and services to power television and radio stations, and offers television programming services. The company also provides video and display advertising platforms through its own and third-party websites, mobile and over-the-top applications, digital media solutions, and a consumer product reviews platform. Additionally, Nexstar owns NewsNation, a national cable news network; WGN-AM, a Chicago radio station; and digital multicast networks. Its digital assets include 125 local websites, 229 mobile applications, 110 connected television applications, and channels from The CW and The Hill.

Nexstar Media Group is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol NXST. The company's stock is traded in US Dollars (USD), as it is headquartered in the United States and its primary operations are within the country. The exchange is one of the major US stock exchanges, providing liquidity and visibility for investors.

Nexstar Media Group operates in the Communication Services sector and specifically within the Broadcasting industry. This means the company is primarily involved in the creation, production, and distribution of content through television and radio broadcasting, as well as digital platforms. As a broadcaster, Nexstar generates revenue from advertising, programming services, and digital media solutions. The sector encompasses companies that provide communication and media services to consumers.

Nexstar Media Group is headquartered in Irving, Texas, United States. The company serves markets across the United States through its extensive portfolio of television and radio stations, digital platforms, and national cable network. Its stations are affiliates of major broadcast networks including ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and others. Nexstar's digital presence includes local websites, mobile apps, and connected TV applications, allowing it to reach audiences nationwide. The company also owns NewsNation, a national cable news network, and WGN-AM, a Chicago radio station.

Nexstar Media Group generates revenue primarily through advertising on its television and radio stations, as well as on its digital platforms. The company offers video and display advertising solutions to advertisers, leveraging its owned and operated stations, third-party websites, mobile apps, and over-the-top applications. Additionally, Nexstar provides television programming services to other stations and earns fees from retransmission consent agreements. It also operates digital media solutions for publishers and advertisers, and a consumer product reviews platform called BestReviews. The company's national cable news network, NewsNation, and its digital multicast networks contribute to its revenue streams. Overall, Nexstar's diversified business model combines traditional broadcasting with digital advertising and services.