Company Profile

Company Description:

Since its founding, Nexstar has been an industry pioneer at the forefront of excellence and innovation. Highlights include:

• The ongoing expansion of local news leadership and the in-house production of over 283,000 hours of local content per year
• Over 3,000 broadcasting and journalism awards since 2009 for outstanding local news programming and local community service*
• Investment of over $500 million to expand local news programming and make technology and infrastructure enhancements. These investments follow approximately $85 million of investments in broadcasting technology by Nexstar, which concluded in 2009, for digital conversions of its television broadcasting platform
• Retransmission consent agreements which have enabled Nexstar and the industry to realize the economic value from cable system partners and other distributors related to strong viewership of local station programming and content
• The establishment of a differentiated digital strategy based on a hyperlocal approach to the creation of local station web sites
• Expanded opportunities for woman and minority-owned broadcasters to play a greater role in the U.S. broadcasting industry as owners and operators of television stations, a key FCC initiative