Nexstar also owns popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food Network. [19] Nexstar chose to drop Fox from WFXW in Terre Haute, Indiana and re-affiliate with ABC on September 1, 2011 (becoming the only Nexstar station thus far to affiliate with another network following the removal of the Fox affiliation) as part of a long-term renewal agreement between Nexstar and ABC for the group's nine existing ABC stations, reversing a 1995 switch that saw Terre Haute losing over-the-air carriage of ABC programs (since then, ABC has been seen in the market via Indianapolis affiliate WRTV on area cable and satellite providers);[20][21] the Fox affiliation then moved to a digital subchannel of CBS affiliate WTHI-TV which also added MyNetworkTV as a secondary affiliation. Follow. He previously served as Timios National Corporations (formerly Homeland Security Capital Corporation) Chief Executive Officer and Chairman of the Board from August 2005 and as its President from July 2011 to February 2014. [84], On November 5, 2019, it was announced that Nexstar would acquire Fox Television Stations-owned WJZY and MyNetworkTV outlet WMYT-TV in Charlotte, North Carolina for $45 million. In . WCWJ in Jacksonville, Florida, along with WSLS-TV in Roanoke, Virginia, was sold to the Graham Media Group; and KADN-TV, as well as KLAF-LD in Lafayette, Louisiana, was sold to Bayou City Broadcasting, with KREG-TV in Glenwood Springs, Colorado going to Marquee Broadcasting as part of a series of divestitures required following Nexstar's acquisition of Media General due to Federal Communications Commission ownership caps (the sale of the Roanoke and Lafayette stations are required as Media General and Nexstar both own stations in those markets). [citation needed], In 1997, Nexstar acquired WJET-TV in Erie, Pennsylvania from Jet Broadcasting, for which it paid $18.5million. jmuse@uchicago.edu. Ms. Aulestia has served since March 2022 as Chief Revenue and Growth Officer of Callisto Media (private), a technology and media company which leverages audience data to create high-quality content at scale. Stock quotes provided by InterActive Data. Then, in 2021, Nexstar nabbed political news . [80][81], On August 1, 2019, the United States Department of Justice approved the deal between Nexstar Media Group and Tribune Media. purchase The company also accused Nexstar of using the divestiture of stations to a minority-owned broadcaster as a token to gain FCC approval for the associated acquisitions. The most-recent trade in Nexstar Media Group Inc is the Its wholly owned operating subsidiary, Nexstar Inc., consists of three divisions: Broadcasting, Digital, and Networks. Mr. McMillens qualifications to serve on Nexstars Board of Directors include his over 28 years of political, business and sports experience and leadership. The combined company became known as Nexstar Media Group, and owns 171 stations, serving an estimated 39% of U.S. households. Discovery) and Paramount Global explore options in selling a majority stake in the joint venture network; the three companies have yet to comment on the WSJ report. sale The company processes, sells, and distributes dairy products under more than 50 local and regional dairy brands and private labels such as DairyPure and TruMoo. owns 10,174,110 shares of Media General Inc (MEG) as of June 15, 2016, with a value of $208 Million and a weighting of 15.7%. Hemisphere generates revenue from the sale of advertising and broadcasting. Previously Ms. McNabb served as a director and chair of the audit committee and on the compensation committee of Tandy Brands (public). In late August, as confirmation to another WSJ report made last June, Nexstar announced that it has "entered a definitive agreement" to acquire 75% ownership in the network, while its current owners Paramount and Warner Bros. Charter of the Nominating & Governance Committee among others If Media General agreed to the counteroffer within a 20-day period, Nexstar would expand its portfolio to 114 television stations, pending spinoffs in markets where both own stations and federal approval. The company is the largest television station owner in the United States, owning 197 television stations across the U.S., most of which are affiliates with the four "major" U.S. television networks, and MyNetworkTV. Mr. Muse owns over 1,000 units of Nexstar Media Inc stock worth over $4,403,972 and over the last 20 years he sold NXST stock worth over $96,472,870. Other. [82][83] The merger was approved by the FCC on September 16, and would be consummated three days later. Mr. Pompadurs qualifications to serve on Nexstars Board of Directors include his extensive expertise in the media industry and his ability to offer a broad international perspective on issues considered by Nexstars Board of Directors. sale Musk has found himself back on top as the world's richest person, according to the Bloomberg Billionaire's Index. The PAC favors Republicans, but only slightly. [94] Almost eight months later, on January 5, 2022, The Wall Street Journal reported that Nexstar is a potential leading buyer of said network, as CW co-owners WarnerMedia (since merged with Discovery, Inc. to form Warner Bros. [31] In 2015, Nexstar sold off the licensee assets of WLYH-TV, the CW affiliate to Howard Stirk Holdings. Brandon Johnson picks up an endorsement, Lightfoot releases new campaign video. On October 22, 2020, Nexstar underwent a corporate reorganization, under which its primary subsidiaries of Nexstar Broadcasting and Nexstar Digital were merged into the operating subsidiary Nexstar, Inc.[90], A carriage dispute with Dish Network began on December 2, 2020, and ended by Christmas Eve, which resulted in the removal of at least 164 Nexstar stations in 115 markets, covering about 63% of TV homes, from its services. John Muse is an American businessman, polo player and philanthropist. of 1,894,376 shares. Previously, Mr. Pompadur served on the boards of IMAX Corporation, ABC, Inc., Ziff Corporation, News Corporation Europe, Sky Italia, News Out of Home, Balkan Bulgarian, BSkyB, Metromedia International Group, Elong, Seatwave Limited, Linkshare Corporation and Truli Media Group. New CW network owner Nexstar reported its third-quarter 2022 earnings Tuesday before the bell . Politics is big money for Nexstar, which posted record revenues in 2020 driven by political ad spending across the company's local media outlets. From 2014 until January 2017, Mr. Muse served on the board of directors of Media General, Inc. (Media General). Nexstar CEO Perry A. Sook is an alumnus of WOWK. However, on September 8, 2011, Sinclair Broadcast Group announced its intent of purchasing the Four Points stations outright and took over the MSA for the stations that October upon Federal Trade Commission (FTC) approval of the deal (the Federal Communications Commission (FCC) gave final approval of the group deal on December 21, and the Sinclair purchase of the Four Points stations was completed on January 1, 2012). Nexstar was profitable and posted positive cash . As of 17 May 2022 he still owns at least 25,603 units of Nexstar Media Inc stock. of 0 shares. Hosting a debate for the "benefit" of voters or the general "public good" is a great idea, but the "debate" being . also 1,666 Jobs. Mini Bio (1) John R. Muse was appointed a member of the Board of Directors of Nexstar effective January 2017. sale 1 owner of local TV stations in the U.S., posted record results in the fourth quarter as political ad spending drove a 25% increase in revenue to nearly $1.4 billion. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership, ProShares UltraShort Telecommunications (TLL). Mr. Armstrong currently serves as Chief Executive Officer of 310 Partners, a private investment firm. [9] In 1999, Nexstar bought out WROC-TV in Rochester, New York from Smith Broadcasting. purchase John R Muse made It also operates all of the stations owned by affiliated companies, such as Mission Broadcasting and Vaughan Media, under local marketing agreements,[2][3] and operates major TV network The CW through a 75% majority stake, two terrestrial television networks airing classic shows, Antenna TV and Rewind TV, and has full or partial ownership stakes in three pay television networks (cable news and entertainment network NewsNation and food and cooking networks Food Network and Cooking Channel, the latter two through a 31% stake in Television Food Network G.P.). The purchase prices were between $60.4 and $73.15, with an estimated average price of $66.98. Due to Federal Communications Commission ownership regulations, one of the stations, KLJB, was spun off to Marshall Broadcasting Group, but is operated by Nexstar through a shared services agreement. There are 1 older and 25 younger executives at Nexstar Media Inc. The two companies viewed the acquisition as being a complement to Nexstar's WHAG-TV, whose coverage area includes the Eastern Panhandle region. [42][43], On June 13, 2016, Nexstar announced that it would sell WFFT in Fort Wayne, Indiana; KQTV in St. Joseph, Missouri; KIMT in Rochester, Minnesota; WTHI-TV in Terre Haute; and WLFI in Lafayette, Indiana to Heartland Media, through its USA Television MidAmerica Holdings joint venture with MSouth Equity Partners, for $115 million. According to the SEC Form 4 filings, John R Muse has made a total of 4 transactions in Nexstar Media Group Inc (NXST) over the past 5 years, including 3 buys and 1 sells. Aired: 12/26/08 Rating: NR Continuous Play: Problems Playing. John R Muse is Published Oct 25, 2022. Internal Medicine, 1996 . At Nexstar Media Group, John Muse has 150 colleagues including Perry Sook (CEO & Chairman), Lisbeth McNabb (Director) Industry Colleagues In the Broadcasting industry, John Muse has 9,259 colleagues in 543 companies located in 48 countries. He previously served on the Board of Visitors of the Klyde Warren Park Board. Other key executives at Nexstar Media Group Inc include 10 percent owner Justin B Borus no insider transaction in Nexstar Media Group Inc (NXST). Other transactions such as conversion of derivative security or exercise of options are not included. [50][51], On February 2, 2015, Nexstar finalized its acquisition of Yashi, a location-focused, video-advertising and programmatic-technology company, for $33 million. [85] As part of a settlement between the parties in litigation over the failed deal, Sinclair had to sell two properties in Harlingen and Lexington to Nexstar Media Group for $60 million on January 27, 2020. Most recently he exercised 1,000 units of NXST stock worth $178,480 on 17 May 2022. Per share, shareholders of Media General would receive $10.50 in cash and 0.0898 shares of Nexstar, a total equivalent of $14.50 per share. , Teaching at UChicago since 2010. 545 E. John Carpenter Freeway, Suite 700. "AI is ultimately a mirror, and it will reflect back exactly who we are; From the best of us, to the worst of us.". Political ad . By joining, or logging in via Facebook, you accept Change.org's Terms of Service and Privacy Policy. Irving, TX . Prior to Nexstar, Mr. Sook was one of the principals of Superior Communication Group, Inc., which was sold in 1995 to Sinclair Broadcast Group. He also served on the board of directors of Time, Inc. (formerly public) from 2014 until its sale to Meredith Corporation in January 2018 and was a member of the audit committee and the compensation committee. $51,793. They reside in Flower Mound, TX. He has over 25 years of experience in private equity and is currently the chair of the Lucchese, Inc. and Free Flow Wines, a leading packaging and logistics company serving the wine on tap segment. Following the $7.1 billion accretive acquisition of Tribune Media and the $4.6 billion accretive acquisition of Media General, Nexstar Media Group, Inc. is the largest local broadcast television operator in the United States, with 200 stations reaching 116 markets, or more than 68% of all television households, and annual revenue in excess of $4.5 billion. To be detailed, the average return of stocks after 3 months bought by John R Muse is 8.48%. In Indiana, two markets saw Fox go from a primary affiliation of one station to joining an existing MyNetworkTV-affiliated digital subchannel of a competing Big Three station, with MyNetworkTV going to a secondary affiliation: in Evansville, Fox moved from WTVW (which then became an independent station and later joined The CW) to a MyNetworkTV-affiliated subchannel of CBS affiliate WEVV-TV on July 1, while in Fort Wayne, the Fox affiliation moved from WFFT-TV to a MyNetworkTV-affiliated subchannel of NBC affiliate WISE-TV on August 1. Before Superior, Mr. Sook was President/CEO of Seaway Communication, Inc., owner of network affiliated stations in Bangor, ME and Wausau, WI. brought in Engineering Management from the United States Air Force Academy and his M.B.A. from the University of California, Los Angeles. sale [26], On April 24, 2013, Nexstar announced that it would acquire the entire group of Communications Corporation of America, KMSS-TV, KPEJ-TV, and most of the ComCorp-managed stations that are owned by White Knight Broadcasting would be sold to Mission Broadcasting while WEVV-TV and White Knight Broadcasting's KSHV-TV would be sold to a female-controlled company called Rocky Creek Communications, with Nexstar assuming operational control of those stations. [39][40], On May 27, 2016, Nexstar announced the sales of five stations. Mr. Mr. McMillen currently serves as the President and Chief Executive Officer of the LEAD1 Association (formerly the DIA Athletic Directors Association). , He finished his collegiate career with a record . by the start of October 2022, in order to complete the transaction; thus, Nexstar first took over operations of the network on August 15, with the transaction's full completion announced later on October 3. In summary, during the past 3 months, insiders sold 12,500 shares of Nexstar Media Group Inc (NXST) in total and bought 0 shares, with a net [9] They have five children. purchase The majority of the company's income is generated from fluid milk sales. The sale of advertising and broadcasting majority of the audit committee and on the Board of of!: Problems Playing were between $ 60.4 and $ 73.15, with an estimated average of. From fluid milk sales political news mr. Muse served on the Board of Directors his... 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