Nexstar Broadcasting Group announced Tuesday that it has completed its previously announced acquisition of Media General, Inc. Reflecting its broadened base of operations and capabilities, Nexstar has changed its name to Nexstar Media Group, Inc. The Media General transaction increases Nexstar’s broadcast portfolio by approximately two thirds and more than doubles the company’s audience reach.
“Our acquisition of Media General marks a significant milestone in Nexstar’s 20 year history of growth, which has been predicated on our unwavering commitment to deliver exceptional service to the local communities where we operate and value to our shareholders. Our increased scale will allow us to create news bureaus in more state capitals than any other broadcaster, and Nexstar Media Group will produce over 3,500 hours a week of local news for medium and small markets while employing almost 10,000 people,” said Nexstar President and CEO Perry Sook.
Along with its nationwide holdings, Nexstar now owns stations in Syracuse, Albany, Binghamton, Buffalo, Burlington-Plattsburgh, Elmira, Rochester, Utica, Watertown and operates a news bureau in Albany that services each of the New York State markets in the Nexstar family.
The company says it now has the unique ability to share news, weather, sports, and entertainment content throughout Upstate New York through its broadcast and digital platforms.
Nexstar is the licensee of WFXV and WPNY and publishes on this website, CNYhomepage. Nexstar also provides services for Mission Broadcasting in a SSA/JSA with WUTR.