IRVING, Texas (Jan. 3, 2020)—Nexstar Media Group, Inc. (Nasdaq: NXST), today announced the promotions of two leaders of the company’s accounting department: Jason Gray has been promoted to Vice President and Assistant Corporate Controller, and Mark Hoyla has been promoted to Vice President of Financial Reporting. The promotions are effective immediately and both men will continue reporting to Patrick Cusick, Nexstar’s Senior Vice President and Controller.
“Jason and Mark are talented and deeply experienced, and both have proven to be real assets to Nexstar during their time at the company,” said Mr. Cusick. “Both possess deep industry knowledge having worked at Nexstar during a period of rapid growth and expansion. We are confident that their background, expertise and knowledge will continue to prove valuable to Nexstar.”
Mr. Gray joined Nexstar in 2016 and has served as the Assistant Corporate Controller since that time. His primary responsibilities include oversight of corporate accounting and controls, maintaining and implementing internal control processes for Sarbanes Oxley compliance and assisting with the integration of newly acquired businesses. His duties also include managing the corporate disbursement process, negotiating contracts with financial vendors and managing the audit relationship. Following his promotion, Mr. Gray will take on additional responsibilities and oversee an expanded accounting team. Prior to joining Nexstar Mr. Gray held several management positions in industry. He also previously held positions with two Big Four firms.
Mr. Hoyla joined Nexstar in May 2012 as a member of the SEC reporting team handling matters related to the Securities and Exchange Commission, and he has held various roles in the financial reporting department. He has served as the Director of SEC Reporting since June 2017, managing the processes for quarterly 10-Q, annual 10-K and significant current events reporting requirements, the annual shareholders’ meeting of the company, as well as the reporting and technical accounting requirements surrounding mergers and acquisitions, debt and equity transactions, periodic assessment of asset values and other significant transactions. In his new role, Mr. Hoyla will assume additional duties and be responsible for an expanded financial team. Prior to joining Nexstar Mr. Hoyla held various positions at both Big Four and nationally recognized accounting firms.
About Nexstar Media Group, Inc.
Nexstar Media 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 197 television stations and related digital multicast signals reaching 115 markets or approximately 39% 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. Nexstar also owns WGN America, a growing national general entertainment cable network and a 31% ownership stake in TV Food Network, a top tier cable asset. For more information please visit www.nexstar.tv.
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