Nexstar Media Group - M&A Summary and Business Overview

MediaCompany

Nexstar Media Group M&A Summary

Nexstar Media Group has acquired 11 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.

Nexstar Media Group’s largest acquisition to date was in 2018, when it acquired Tribune Media for $6.4B. It’s largest disclosed sale occurred in 2019, when it sold Nexstar Media Group - Stations to Fox for $350M. Nexstar Media Group has acquired in 8 different US states. The Company’s most targeted sectors include media (55%) and internet software and services (19%).

Nexstar Media Group Business Overview

Where is Nexstar Media Group headquartered?

Nexstar Media Group is headquartered in Irving, Texas.

What is Nexstar Media Group’s revenue?

Nexstar Media Group disclosed revenue of 4,648M USD for 2021 and 4,501M USD for 2020.

How many employees does Nexstar Media Group have?

Nexstar Media Group has 11,160 employees.

What sector is Nexstar Media Group in?

Nexstar Media Group is a media company.

When was Nexstar Media Group founded?

Nexstar Media Group was founded in 1996.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity11
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 10
  • M&A Advisors 3

Nexstar Media Group

Nexstar Media Group, Inc.

545 E. John Carpenter Freeway, Suite 700,
Irving, Texas 75062
United States,
(972) 373-8800
www.nexstar.tv

Nexstar Media Group is a media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 170 television stations and related digital multicast signals reaching 100 markets or approximately 39% of all U.S. television households. Nexstar Media Group was founded in 1996 and is based in Irving, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 7 1 1 1 1 - 11
vol $11.1B $160M $130M $35M $11.4B
Sell (0.2/yr) # 2 - 1 - - - 3
vol $350M $350M
  14

Most Recent M&A

Company Date Value Type
KUSI 2023-05-08 35M USD Divestiture
San Diego, California · www.kusi.com
The CW Network 2022-06-30 - Add-on Acquisition
Burbank, California · www.cwtv.com
The Hill 2021-08-20 130M USD Add-on Acquisition
Washington, District of Columbia · www.thehill.com
Nexstar - Digital Video Ad Platform 2021-01-11 - Divestiture
Foothill Ranch, California
BestReviews LLC 2020-12-16 160M USD Divestiture
Sparks, Nevada · www.bestreviews.com
Nexstar Media Group, Inc. - Stations 2019-11-05 350M USD Divestiture
Irving, Texas
Tribune Media Co. 2018-12-03 6.4B USD Add-on Acquisition
Chicago, Illinois · www.tribunemedia.com
Nexstar - Digital Video Ad Platform 2017-12-07 90M USD Add-on Acquisition
Foothill Ranch, California
USA Television MidAmerica Holdings, LLC 2017-01-17 - Divestiture
Atlanta, Georgia
Media General, Inc. 2016-01-27 4.6B USD Add-on Acquisition
Richmond, Virginia · www.mediageneral.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Media 6 (55%) 11.0B (96%) 2 (67%) 350M (100%)
Internet Software and Services 2 (18%) 250M (2%) 1 (33%) -
Digital Media 1 (9%) 130M (1%) - -
Information Services 1 (9%) - - -
Marketing 1 (9%) 33M (< 1%) - -
Total 11 $11.4B 3 $350M

By Geo

State/Country Buy Value Sell Value
United States 11 11.4B 3 350M
  California 4 125M 1 -
  Virginia 1 4.6B - -
  New Jersey 1 33M - -
  Nevada 1 160M - -
  Missouri 1 - - -
  Illinois 1 6.4B - -
  District of Columbia 1 130M - -
  Arizona 1 - - -
  Texas - - 1 350M
  Georgia - - 1 -
Total 11 $11.4B 3 $350M

Top M&A Advisors

Financial Deals
BofA Securities
 1
Legal Deals
Kirkland & Ellis
 1
Wiley Rein LLP
 1

Deal Values

buy # Total
> $1B 2 $11.0B
$100M to $1B 2 $290M
< $100M 3 $158M
TOTAL $11.4B
Largest Tribune Media Co.
$6.4B (2018-12-03)
sell # Total
$100M to $1B 1 $350M
TOTAL $350M
Largest Nexstar Media Group, Inc. - Stations
$350M (2019-11-05)

M&A Connections

Deals
Acquired from
Investor(s)
9%
1 (9%)
Strategic(s)
27%
3 (27%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Media

Revenue

4,648   4% 2021
4,501   49% 2020
3,039   10% 2019
2,767   14% 2018
2,432   121% 2017
1,103   24% 2016
896   42% 2015
631   26% 2014
502   2013
(millions of USD) Show More Show Less

Employees

11,160

Established

1996

Public

NASDAQ: NXST

Former Name

Nexstar Broadcasting Group, Inc.

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