Company Milestones
- 2012
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- Nexstar concludes strategic review process and announces highly accretive acquisition of 12 TV stations (of which 2 stations were acquired in January 2013) in 8 markets, followed by the announced accretive acquisition of 6 TV stations in California and Vermont
- Company authorizes quarterly cash dividend policy
- S&P raises Nexstar’s corporate credit rating one notch to B+ from B
- Moody’s raises Nexstar’s corporate credit rating one notch to B2 from B3
- 2013
- Nexstar’s Board of Directors authorized the payment of the Company’s first quarterly cash dividend
- 2014
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- Nexstar structures agreements to support minority-owned Marshall Broadcasting and Bayou City Broadcasting in becoming FCC licensees
- Moody’s raises Nexstar’s corporate credit rating one notch to B1 from B2
- 2015
- Nexstar completes accretive acquisition of 15 TV stations from Communications Corporation of America, Meredith Corporation and Landmark Media Enterprises.
- 2016
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- Nexstar Broadcasting Group enters into definitive agreement to acquire Media General for $4.6 billion in accretive cash and stock transaction
- S&P raises Nexstar’s corporate credit rating one notch to BB- from BB+
- 2017
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- Nexstar completes accretive acquisition of 71 TV stations from Media General
- Nexstar Broadcasting Group, Inc. changes name to Nexstar Media Group, Inc.
- Nexstar makes significant investment to expand Washington DC news bureau and launch other state capital news bureaus
- 2018
- Nexstar Media Group enters into definitive agreement to acquire Tribune Media Company for $6.4 billion in an accretive transaction
- 2019
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- Nexstar structures agreement to support a minority-owned broadcaster, Circle City Broadcasting
- Nexstar Media Group completes accretive acquisition of 42 TV stations from Tribune Media Company, becoming the largest local broadcast television operator in the United States