Nexstar Offers Employees Paid Hours of Service in Support of Local Causes and Will Match Every Hour of Community Service with a Corresponding Dollar Donation
Sets Goal to Generate 20,000 Hours of Community Service Across 104 Stations in 54 Markets
IRVING, Texas – To mark twenty years of excellence in local programming and service, Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today the launch of its inaugural Nexstar Founder’s Day of Caring on Friday, June 17, 2016. Inspired by Nexstar’s long-term commitment to local communities across the country and the exceptional service delivered by Nexstar’s local teams each day, the Company is offering over 4,400 employees across 104 television stations in 54 markets the opportunity to volunteer on behalf of local organizations, selected by the staff, with the goal of generating 20,000 total hours of community service.
In support of the Nexstar Founder’s Day of Caring, the Company is providing its employees paid hours of service, to maximize participation while ensuring critical broadcast and digital operations are maintained during service hours. In addition, to further magnify impact Nexstar is matching each hour of community service with a corresponding dollar donation to the beneficiary charities, up to a total of $20,000.
Perry Sook, Nexstar’s Founder, President and Chief Executive Officer, stated, “Nexstar was founded two decades ago with one television station in Scranton, Pennsylvania, based on a commitment to deliver exceptional service to the local communities where we operate. To this day, our employees’ unwavering dedication to the people and communities we serve across the United States has been fundamental to our success as we now own or provide services to 104 television stations in 54 markets. As our organization grows, we continue to simultaneously raise our commitment to support the evolving needs and interests of our local viewers, hometown businesses and community organizations that we proudly serve each day.
“Our local news programming is an important public service we provide to local communities and our ability to deliver essential, accurate and timely information to keep our local viewers safe and informed is a point of excellence and pride for Nexstar. The launch of our inaugural Nexstar Founder’s Day of Caring is an extension of the exceptional work our local teams have done, and continue to do, to serve local communities across the country. To celebrate our twentieth anniversary, Nexstar employees are invited to volunteer on behalf of local causes dedicated to making a positive difference in the local communities where they live and work. Each station will have a unique way of demonstrating its local community commitment and we are proud that our Company continues to make meaningful contributions in serving the needs of the local markets where we operate.”
About Nexstar Broadcasting Group, Inc.
Nexstar Broadcasting Group is a leading diversified 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 104 full power television stations reaching 54 markets or approximately 18.1% of all U.S. television households. Nexstar’s portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. Nexstar’s community portal websites offer additional hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content while creating new revenue opportunities.
Pro-forma for the completion of all transactions Nexstar will own, operate, program or provide sales and other services to 171 television stations and their related low power and digital multicast signals reaching 100 markets or approximately 39% of all U.S. television households. For more information please visit www.nexstar.tv.
Co-Chief Operating Officer
Joseph Jaffoni, Jennifer Neuman
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