Proven Industry Executive with 30 years of Local Broadcasting Experience to Lead KARD-TV / KTVE-TV and Myarklamiss.com
MONROE, Louisiana and IRVING, Texas, May 19, 2015 – Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that Randy Stone has been promoted to Vice President and General Manager of KARD-TV (FOX) and associated digital services, including Bounce TV, community web portal Myarklamiss.com and myarklamiss.biz serving the Monroe, Louisiana and El Dorado, Arkansas DMA (#137). In his new role, he will also oversee Nexstar’s relationship with Mission Broadcasting’s affiliate KTVE-TV (NBC) under a joint operating agreement. Mr. Stone will assume his new responsibilities immediately and report to Julie Pruett, Senior Vice President of Nexstar Broadcasting.
Randy Stone has 30 years of combined broadcast television and sales management experience with a comprehensive background in local news production, digital services, entertainment programming, new business development, inventory control and regional sales. Since 2009, he served as Vice President and General Manager of Nexstar’s television and digital operations in Grand Junction / Montrose / Glenwood Springs, CO (DMA #185) including MyNetworkTV affiliate KGJT-TV as well as CBS affiliate KREX-TV and its satellite stations KREG and KREY. During that time, Mr. Stone was also responsible for managing KFQX-TV (FOX) under a local marketing agreement. Throughout his tenure, Mr. Stone developed and led highly effective teams that implemented sales and new media initiatives resulting in increased market share and profitability at the stations. In addition, he developed creative sales strategies that generated local and national revenue share gains while significantly increasing customer retention and new local direct business partners.
Before joining Nexstar, Mr. Stone was the General Sales Manager (“GSM”) of KAUZ-TV (CBS), Texoma CW and the stations’ digital operations in Wichita Falls, TX and Lawton, OK where he enhanced sales department performance and exceeded company objectives. Prior to that, from 2006 to 2009 he was the Director of Sales of WRSP-TV (FOX), WCCU-TV (FOX), and WBUI (CW) serving the Springfield / Decatur / Champaign, IL markets. Before his tenure in IL, he was with Grant Telecasting for nine years serving as the Director of Sales at KLJB-TV (FOX) and KGWB (now KGCW-TV) in the Quad Cities / Davenport, IA market, while also acting as the GSM of Grant’s Midwest Region, overseeing all sales efforts for six network-affiliated broadcast television stations—now owned by Nexstar. Earlier in his career, Mr. Stone worked as a GSM of WPMI-TV (NBC) / WJTC-TV (IND) and GSM / National Sales Manager of WZDX-TV (FOX).
Commenting on the appointment, Julie Pruett stated, “Throughout his Nexstar career, Randy has successfully exceeded economic goals while improving customer retention and viewer interaction with the Company’s broadcast and digital platforms. A well-respected leader, he has built high-achieving, deeply engaged sales teams that have established enduring partnerships with local advertisers, businesses and community organizations by providing excellent client service. In addition, his efforts and initiatives have successfully advanced our Grand Junction / Montrose / Glenwood Springs operations into a long-term position of market leadership in local news production, community-focused content, live-event sports and entertainment programming, as well as digital and mobile service offerings. Localism is our top priority at Nexstar and with Randy’s extensive large and small market broadcast experience, sales management expertise and dedication to the local communities he serves. We are confident in his ability to provide effective leadership to build upon the achievements of our Monroe and El Dorado operations while continuing to enhance the effectiveness and value of our marketing solutions platform.”
Commenting on his new role, Randy Stone stated, “Nexstar’s long-term success reflects its core commitment to the viewers and advertisers across each of the individual markets it serves. In my new role, I will further leverage the management experience and deep community relationships built over my career to generate results and further strengthen our Monroe and El Dorado television and digital operations as leading providers of the most compelling entertainment programming and local news content in the market. I look forward to taking on this new opportunity at Nexstar and working with the exceptional team of broadcasters at KARD-TV, KTVE-TV and Myarklamiss.com as we continue build upon the foundation of our client service excellence across our multi-distribution marketing solutions platform.”
Mr. Stone earned his Master of Arts and Bachelor of Arts degrees from the University of Alabama and served as President of the University’s Alpha Epsilon Rho Honorary Broadcasting Society from 1979-1980. He currently serves on the Executive Board of Directors for the Grand Junction Chamber of Commerce.
In recognition of his career achievements, Randy Stone was named General Sales Manager of the year at Grant Broadcasting in 1995, 1997, 1998, 1999, and 2000. He previously served as the Chairman of Fox Broadcasting Sales Advisory Committee for a five year term, an Officer of the UPN Broadcasting Sales Advisory Committee and as an SAC Representative for the Atlanta, Chicago, and St. Louis regions at Fox Sales Seminars for a two year term.
Randy Stone will be immediately relocating to the Monroe, Louisiana community.
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 107 television stations and related digital multicast signals reaching 58 markets or approximately 18.0% of all U.S. television households. Nexstar’s portfolio includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, Telemundo, Bounce TV, Me-TV, and LATV. 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.
This news release includes forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events. Forward-looking statements include information preceded by, followed by, or that includes the words “guidance,” “believes,” “expects,” “anticipates,” “could,” or similar expressions. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this news release, concerning, among other things, changes in net revenue, cash flow and operating expenses, involve risks and uncertainties, and are subject to change based on various important factors, including the impact of changes in national and regional economies, our ability to service and refinance our outstanding debt, successful integration of acquired television stations (including achievement of synergies and cost reductions), pricing fluctuations in local and national advertising, future regulatory actions and conditions in the television stations’ operating areas, competition from others in the broadcast television markets served by the Company, volatility in programming costs, the effects of governmental regulation of broadcasting, industry consolidation, technological developments and major world news events. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this news release might not occur. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.
Nexstar Broadcasting Group, Inc.
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