Company Milestones

2012
  • 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
  • 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
  • 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
  • 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
  • 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

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