Nexstar was founded in 1996 with a set of core beliefs that include the strength and power of local journalism, diversity across the workforce, respect for our audiences, customers, employees, and shareholders, and the importance of taking a leadership role in the communities in which we operate. Over the years, we have adopted and evolved a variety of internal policies and procedures designed to safeguard the environment and promote ethical behavior, fairness, diversity and transparency in the conduct of our business.
At Nexstar, we understand that operating a media business is a form of public trust, and that we must be responsible and accountable stewards of it. Every day, Nexstar’s more than 5,500 journalists are out in their local communities, reporting on stories that matter to our viewers. They seek the truth and strive to act independently, transparently, and to be free from bias. Nexstar’s core beliefs and the internal policies and procedures we have put in place over many years provide the framework for our continuing efforts to align the company with sound Environmental, Social, and Governance (ESG) practices. We are mindful of our ESG obligations and recognize that ESG is an ongoing process.
OUR ESG EFFORTS INCLUDE:
- The critical work of Nexstar’s Chief Diversity Officer and our Diversity, Equity, and Inclusion Council to expand diversity in our hiring, promotion, and retention processes.
- Launching a hub dedicated to Diversity, Equity and Inclusion on Nexstar’s employee intranet.
- Graduating participants in the Nexstar Employee Mentorship Program, which is designed to identify and support
- Expanding our parental leave, personal time-off, and mental health benefits for employees.
- Expanding our medical benefits for employees to cover gender dysphoria.
- Conducting a companywide employee survey to enhance employee engagement.
- Codifying a policy prohibiting journalists and news personnel from making political contributions or participating in local, state, and national politics.
- Establishing NewsNation, our cable news network, as a place for audiences to go for unbiased and balanced reporting; a network recognized for its fairness by a number of media watchdog groups, including Ad Fontes, NewsGuard, and AllSides.
- Eliminating Nexstar’s Class B and Class C common shares of stock.
- Announcing our plan to propose the declassification of our Board of Directors at our 2023 Annual Meeting of Shareholders.
- Beginning the process of tracking our energy consumption and establishing goals for continuing to reduce our relatively small carbon footprint.
- Establishing a multi-year $2 million charitable partnership with Feeding America®, the nation’s largest domestic hunger relief organization.
- Awarding more than $400,000 in grants from the Nexstar Media Charitable Foundation to support the local communities in which we do business. More details about our community involvement can be found on our website.
All of our employees are required annually to review and certify their compliance with the company’s Code of Business Conduct. They also receive ethics training, designed to help them identify and prevent unethical behavior, as well as anti- harassment, bias, and diversity training beyond what is legally required. A more detailed explanation of our ethics policies and information on Diversity, Equity and Inclusion can be found later in this booklet and on our website, www.nexstar.tv.
We firmly believe ESG is good for business, good for our customers and communities, and good for Nexstar.
Perry A. Sook
Chairman and Chief Executive Officer
Thomas E. Carter
President, Chief Operating Officer and Chief Financial Officer