Nexstar Media Group, Inc.

Nexstar Media Group, Inc.

Nexstar Media Group, Inc.

Overview
Date Founded

2001

Headquarters

545 East John Carpenter Freeway,Suite 700,Irving, TX 75062

Type of Company

Public

Employees (Worldwide)

12.4K

Industries

Cable, Satellite, and Radio Telecommunications
Internet Software & Services
News & Digital Content
Media Conglomerates

Company Description

Nexstar Media Group, Inc. is a television broadcasting and digital media company, which engages in the acquisition, development, and operation of television stations and interactive community websites and digital media services. The firm offers services free over-the-air programming which includes programs produced by networks with which the stations are affiliated, programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire. It also provides digital publishing and content management platforms to media publishers and advertisers. The company was founded by Perry A. Sook in 1996 and is headquartered in Irving, TX.

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Executives & Employees

Chairman & Chief Executive Officer

President, Chief Operating Officer & Chief Financial Officer

Executive Vice President, General Counsel & Secretary

Executive Vice President & Chief Technology Officer

Executive Vice President & Chief Communications Officer

President, Networks, Nexstar Media Inc.

President, Digital, Nexstar Media Inc.

Senior Vice President & Controller

Vice President & Director, Engineering

Executive Vice President, Station Operations

Board of Directors

Chairman & Chief Executive Officer at Nexstar Media Group, Inc.

Managing Partner & Co-Chief Executive Officer at ABRY Partners LLC

Co-Founder at Metan Global Entertainment Group

Former Chairman & Chief Executive Officer at Tribune Media Co.

Strategic Advisor at Encantos Media Studios Pbc

Former Chairman, President & Chief Executive Officer at FingerMotion, Inc.

Director at Nexstar Media Group, Inc.

Former General Partner at Spark Capital Partners LLC

Chief Operating & Financial Officer at The Linux Foundation

Director at Dean Foods Co.

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Nexstar Media Group, Inc.
Owners & Shareholders
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The Baupost Group is an opportunistic, value-oriented, open mandate investor that seeks to invest their capital to achieve attractive risk-adjusted returns over an extended period of time. The firm seeks to invest in assets which are undervalued relative to their market price.

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Cardinal Capital Management engages in a buy and hold investment strategy that focuses on investments in domestic micro-cap, small-cap and SMID-cap value equities. The firm buys securities and holds them for a relatively long period of time, regardless of short-term factors such as fluctuations in the market or volatility of the stock price. From time to time, however, Cardinal may hold securities for significantly shorter periods of time. The firm searches for investment opportunities within inefficient market niches with emphasis on companies emerging from bankruptcy or corporate restructurings such as spin-offs. They seek to identify companies that are not yet well known or are underfollowed, and to develop opinions on out-of-favor companies businesses. Cardinal also investigates corporate events that often signal undervaluation by tracking large share repurchase activity, significant insider buying and announcements that companies are pursuing strategic alternatives.

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AMMC seeks to generate long-term returns through disciplined security selection, portfolio diversity and an integrated approach to risk management. The firm designs, constructs and manages investment portfolios that are specific to the objectives of each individual client. They aim to achieve a relatively stable income stream by maintaining a broadly based portfolio including, but not limited to, cash, senior secured and unsecured bank loans, high yield debt securities, investment grade debt securities, asset-backed and mortgage-backed securities, real estate investments, private placements, mezzanine and subordinated investments, municipal bonds and equity securities. AMMC employs fundamental securities analysis in formulating investment advice for its clients.

Recent Transactions
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Verve Wireless, Inc., Media & Games Invest Plc purchase LKQD Technologies, Inc. from Nexstar Media Group, Inc.

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Main Capital Partners BV purchases Textkernel BV from Nexstar Media Group, Inc.

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Nexstar Media Group, Inc. purchases Sinclair Broadcast Group / Wdky-Tv from Sinclair Broadcast Group, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onNexstar Media Group, Inc. purchases Tribune Media Co.

Investment Advisor

Advised onNexstar Media Group, Inc. purchases Tribune Media Co.

Public Relations

Advised onMission Broadcasting, Inc. purchases Communications Corp. of America, Inc. /Louisiana from Silver Point Capital LP, Highland Capital Management LP

Legal Advisor

Advised onNexstar Media Group, Inc. purchases Tribune Media Co.

Founder

Advised onMission Broadcasting, Inc. purchases Communications Corp. of America, Inc. /Louisiana from Silver Point Capital LP, Highland Capital Management LP

Associate

Advised onNexstar Media Group, Inc. purchases Tribune Media Co.

Advisors & Consultants
Legal Advisor

Executive Vice President, General Counsel & Secretary at Nexstar Media Group, Inc.

Legal Advisor

Partner at Cadwalader, Wickersham & Taft LLP

Clients

DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through Pay-TV and Wireless segments. The Pay-TV segment operates under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets. The company was founded by Charles W. Ergen, Cantey W. Ergen and James DeFranco in 1980 and is headquartered in Englewood, CO.

AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S.. The company was founded in 1983 and is headquartered in Dallas, TX.

Corus Entertainment is one of Canada’s most successful integrated media and entertainment companies. Founded by JR Shaw, the company was built from the media assets originally owned by Shaw Communications, and spun off as a separate, publicly-traded company in 1999. Since then, the Company’s asset base has grown substantially through strategic acquisitions and a strong operating discipline. Corus Entertainment's stock is found on the TSX under the symbol CJR.B. Corus Entertainment’s brands deliver compelling, engaging, interactive and informative content to millions of people every day. Corus’ television services include the kids brands YTV, Treehouse, Nickelodeon (Canada), TELETOON (50%) and TELETOON Retro (50%); and the women’s brands W Network, Cosmopolitan TV, OWN: Oprah Winfrey Network (Canada) and W Movies. Additional assets include ABC Spark, CMT (Canada), Sundance Channel (Canada) and Telelatino; western Canada’s pay TV service Movie Central, with nine multiplex channels including HBO Canada; and three local over-the-air television stations. Corus also owns 37 radio stations that represent the most listened to stations in the country. Clustered predominately in the major Canadian markets, the Company’s portfolio includes a network of leading news-talk radio stations that provide Canadians with the best in news and talk radio, as well as classic, rock, country, new rock and contemporary music formats. Corus assets include Nelvana, one of the world’s leading creators, producers and distributors of children’s and animated programming, and related consumer products. Nelvana is the cornerstone of the Company’s content and production strategy and is renowned for such globally recognized brands as Babar, Franklin and Beyblade. Canada’s leader in children’s publishing – Kids Can Press – is also part of the Corus family. The Company’s powerful combination of entertainment assets, make Corus an industry leader in Canada and a significant player in the international marketplace. Our success means a stronger Canadian broadcasting industry, a stronger economy and stronger communities across Canada. Each year, the power and reach of Corus’ broadcasting assets work to assist local organizations, charities and people in need through millions of dollars worth of donated air-time and services, local fundraising and cash support. Through radio play for new Canadian singers and songwriters, the acquisition, development and production of numerous Canadian television projects and millions of dollars of direct investment in Canadian film production, Corus Entertainment is helping to build a sustainable and vibrant entertainment industry that is truly Canadian and globally competitive. At Corus, our vision is to be globally recognized as Canada’s most influential entertainment company. We’re achieving that vision with the hard work and commitment of our talented employees, many of whom are award-winners in their fields. The Shaw family’s commitment to customers, communities and employees is reflected in Corus Entertainment’s corporate values. These values – Accountability, Initiative, Innovation, Knowledge and Teamwork – shape the organization’s day-to-day business and strategies for growing Corus Entertainment in the future. Corus will continue to grow – in strength and profitability – by maximizing the synergies of its world-class assets, drawing on the exceptional talent and creativity of the Company’s employees and by offering the highest-quality programming, products and services to audiences and customers.

Key Stats and Financials As of 2020
Market Capitalization
$6.32B
Total Enterprise Value
$12.9B
Earnings Per Share
$17.37
Revenue
$4.5B
Net Profit
$811M
EBITDAMargin
41.59%
Enterprise Value / Sales
2.87x
Enterprise Value EBITDAOperating
6.75x
TEVNet Income
15.9x
Debt TEV
0.62x
Total Equity
$2.54B
Total Debt
$7.95B
EBITDA
$1.87B
Three Year Compounded Annual Growth Rate Of Revenue
22.78%
Non-Profit Donations & Grants
Investments
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Gaming 247, Inc. operates as a 24/7 post-cable TV network firm. It provides post-cable network aimed at gaming, e-sports and entertainment audiences. The company was founded by Ben Kusin and Ariel Horn and is headquartered in New York, NY.

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Attn:, Inc. engages in the operation of a news website. The firm shares commentary, news articles, and videos that cover societal topics such as economic mobility, civil rights, education, criminal justice, and the environment. The company was founded by Matthew Segal and Jarrett Moreno in November 2014 and is headquartered in Los Angeles, CA.

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EndPlay, Inc. operated as software as a service (SaaS) provider of web content management solutions to enterprise clients in media, entertainment and education. The company was founded by Ron Berryman and Christos M. Cotsakos in 2009 and was headquartered in Los Angeles, CA.

Investors
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Venture Partner at Tenoneten Management, LLC

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Co-Founder & Director at Minds + Machines

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Co-Founder at Safegraph, Inc.

Suppliers
The Walt Disney Company Entertainment | Burbank, CA

The Walt Disney Co. is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations. The Parks, Experiences and Products segment owns and operates the Walt Disney World Resort in Florida; the Disneyland Resort in California; Aulani, a Disney Resort & Spa in Hawaii; the Disney Vacation Club; the Disney Cruise Line; and Adventures by Disney. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. This segment distributes films primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm and Touchstone banners. The DTCI segment licenses the company's trade names, characters and visual and literary properties to various manufacturers, game developers, publishers and retailers throughout the world. It also develops and publishes games, primarily for mobile platforms, and books, magazines and comic books. This segment also distributes branded merchandise directly through retail, online and wholesale businesses. The company was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA.

ViacomCBS, Inc. Publishing | New York, New York

CBS Corporation is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content, making its brand – “the Eye” – one of the most recognized in business. The Company’s operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, outdoor advertising, and interactive and socially responsible media. CBS’s businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), Showtime Networks, CBS Sports Network, TVGN (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Global Distribution Group (CBS Studios International and CBS Television Distribution), CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia.

Comcast Corporation Internet Software & Services | Philadelphia, PA

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Competitors
Fox Corp. Cable, Satellite, and Radio Telecommunications - New York, NY

Fox Corp. delivers compelling news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors. The Television segment consists of the acquisition, marketing and distribution of broadcast network programming. The Other, Corporate and Eliminations segment consists of the FOX Studio Lot, Credible Labs Inc, corporate overhead costs and intracompany eliminations. The company was founded on May 3, 2018 and is headquartered in New York, NY.

Comcast Corporation Entertainment - Philadelphia, PA

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Alphabet, Inc. Internet Software & Services - Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

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