Nexstar Broadcasting Group, Inc. is an innovator of change in the communities it serves.  Nexstar believes its station portfolio, distribution channels and e-MEDIA initiatives are uniquely positioned to thrive in today’s multi-platform world as the Company leverages its local brands, content and relationships.

1996
Perry Sook forms Nexstar Broadcasting Group, begins acquiring TV stations

1998
Nexstar pioneers the concept of “virtual duopolies”

2003
Nexstar completes its initial public offering raising $140 million

2003-04
Acquisition of Quorum Broadcasting and other stations doubles Nexstar’s holdings

2005
Nexstar successfully garners the receipt of retransmission consent revenue from cable operators, marking a groundbreaking milestone for the television industry

2007
Nexstar launches e-MEDIA platform with a differentiated “community portal” approach.  Quickly achieves significant success to date with ‘08 levels doubling ‘07 levels

2008
Nexstar posts record net revenue of $285 million, broadcast cash flow of $112 million and EBITDA of $96 million

2009
Nexstar enters into management agreement with Four Points Media, which will generate multi-million dollar annual fees as well as incentive compensation