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Acquisition of Tribune Media Company
Acquisition of Tribune Media Company Enhancing Nexstar’s Position as North America’s Leading Local Media Company December 3, 2018 Disclaimer Forward-Looking Statements This Presentation 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, Nexstar Media and Tribune Media claim 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 presentation, concerning, among other things, the ultimate outcome, benefits and cost savings of any possible transaction between Nexstar Media and Tribune Media and timing thereof, and future financial performance, including 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 timing of and any potential delay in consummating the proposed transaction; the risk that a condition to closing of the proposed transaction may not be satisfied and the transaction may not close; the risk that a regulatory approval that may be required for the proposed transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated, the risk of the occurrence of any -
Nexstar Media Group Stations(1)
Nexstar Media Group Stations(1) Full Full Full Market Power Primary Market Power Primary Market Power Primary Rank Market Stations Affiliation Rank Market Stations Affiliation Rank Market Stations Affiliation 2 Los Angeles, CA KTLA The CW 57 Mobile, AL WKRG CBS 111 Springfield, MA WWLP NBC 3 Chicago, IL WGN Independent WFNA The CW 112 Lansing, MI WLAJ ABC 4 Philadelphia, PA WPHL MNTV 59 Albany, NY WTEN ABC WLNS CBS 5 Dallas, TX KDAF The CW WXXA FOX 113 Sioux Falls, SD KELO CBS 6 San Francisco, CA KRON MNTV 60 Wilkes Barre, PA WBRE NBC KDLO CBS 7 DC/Hagerstown, WDVM(2) Independent WYOU CBS KPLO CBS MD WDCW The CW 61 Knoxville, TN WATE ABC 114 Tyler-Longview, TX KETK NBC 8 Houston, TX KIAH The CW 62 Little Rock, AR KARK NBC KFXK FOX 12 Tampa, FL WFLA NBC KARZ MNTV 115 Youngstown, OH WYTV ABC WTTA MNTV KLRT FOX WKBN CBS 13 Seattle, WA KCPQ(3) FOX KASN The CW 120 Peoria, IL WMBD CBS KZJO MNTV 63 Dayton, OH WDTN NBC WYZZ FOX 17 Denver, CO KDVR FOX WBDT The CW 123 Lafayette, LA KLFY CBS KWGN The CW 66 Honolulu, HI KHON FOX 125 Bakersfield, CA KGET NBC KFCT FOX KHAW FOX 129 La Crosse, WI WLAX FOX 19 Cleveland, OH WJW FOX KAII FOX WEUX FOX 20 Sacramento, CA KTXL FOX KGMD MNTV 130 Columbus, GA WRBL CBS 22 Portland, OR KOIN CBS KGMV MNTV 132 Amarillo, TX KAMR NBC KRCW The CW KHII MNTV KCIT FOX 23 St. Louis, MO KPLR The CW 67 Green Bay, WI WFRV CBS 138 Rockford, IL WQRF FOX KTVI FOX 68 Des Moines, IA WHO NBC WTVO ABC 25 Indianapolis, IN WTTV CBS 69 Roanoke, VA WFXR FOX 140 Monroe, AR KARD FOX WTTK CBS WWCW The CW WXIN FOX KTVE NBC 72 Wichita, KS -
2020 – 4Th Quarter
NEXSTAR MEDIA GROUP REPORTS RECORD FOURTH QUARTER NET REVENUE OF $1,377 MILLION Net Revenue Drives Record 4Q Operating Income of $530.5 Million, Net Income of $362.9 Million Adjusted EBITDA of $657.1 Million and Free Cash Flow of $443.2 Million Allocated $224.3 Million Toward Leverage Reduction and Repurchased $84.3 Million of Class A Common Shares Initiates Pro-Forma Average Annual Free Cash Flow Guidance for the 2021/2022 Cycle of $1.27 Billion IRVING, Texas – February 23, 2021 – Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar”) today reported financial results for the fourth quarter ended December 31, 2020 as summarized below. The actual results presented herein for the three months ended December 31, 2020 and 2019 reflect the full operations of both the Nexstar’s legacy broadcasting and digital operations and quarterly results from the Tribune Media stations which were acquired on September 19, 2019. Fourth quarter 2020 revenue from WGN America, also acquired in the Tribune transaction, is included in core advertising revenue and distribution fee revenue. The contribution from Nexstar’s 31.3% ownership stake in TV Food Network and other investments acquired in the Tribune transaction is included in the full income statement on page 7 under “Income (loss) on equity investments, net.” Summary 2020 Fourth Quarter Results and Full Year Highlights Three Months Ended December 31, Years Ended December 31, ($ in thousands) 2020 2019 Change 2020 2019 Change Core Advertising Revenue $ 473,524 $ 525,458 (9.9 )% $ 1,571,072 $ 1,335,126 +17.7 -
COMPLAINT Plaintiff, Tribune Media Company (“Tribune”), by and Through Its Undersigned Attorneys, Files This Verified Complaint Against Defendant, Sinclair
EFiled: Aug 09 2018 12:05AM EDT Transaction ID 62327554 Case No. 2018-0593- IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE Tribune Media Company, a Delaware corporation, Plaintiff, C.A. No. 2018- _____-_____ v. Sinclair Broadcast Group, Inc., a Maryland corporation, Defendant. VERIFIED COMPLAINT Plaintiff, Tribune Media Company (“Tribune”), by and through its undersigned attorneys, files this Verified Complaint against Defendant, Sinclair Broadcast Group, Inc. (“Sinclair”), and alleges as follows: Introduction 1. Tribune and Sinclair are media companies that own and operate local television stations. In May 2017, the companies entered into an Agreement and 1 Plan of Merger (the “Merger Agreement”) pursuant to which Sinclair agreed to acquire Tribune for cash and stock valued at $43.50 per share, for an aggregate purchase price of approximately $3.9 billion (the “Merger”). 1 A true and correct copy of the Merger Agreement is attached as Exhibit A. The Merger Agreement is incorporated herein by reference. Unless defined herein, all capitalized terms in this Verified Complaint have the meanings ascribed to them in the Merger Agreement. RLF1 19833012v.1 2. Sinclair owns the largest number of local television stations of any media company in the United States, and Tribune and Sinclair were well aware that a combination of the two companies would trigger regulatory scrutiny by both the United States Department of Justice (“DOJ”) and the Federal Communications Commission (the “FCC”). Because speed and certainty were critical to Tribune, it conditioned its agreement on obtaining from Sinclair a constrictive set of deal terms obligating Sinclair to use its reasonable best efforts to obtain prompt regulatory clearance of the transaction. -
REGISTER NOW �Station Summit: Las Vegas
�Awards: North America Station 2019. 1 Celebrate the best in television station marketing. REGISTER NOW �Station Summit: Las Vegas. June 17-21, 2019. �Awards: North America Station 2019. GENERAL BRANDING/IMAGE: NEWS STATION IMAGE - SMALL MARKET GOO GOO DOLLS - TURN IT UP WGRZ KHQ STATION IMAGE 2018 KHQ TV ALL DEVICES WWBT CHANGE IS COMING WLTX-TV 65 YEARS THROUGH OUR LENS WIBW-TV PRESCRIBING HOPE HAWAII NEWS NOW/GRAY TELEVISION GENERAL BRANDING/IMAGE: NEWS STATION IMAGE - MEDIUM MARKET COLUMBUS, MY HOME WBNS-10TV CBS AUSTIN- CENTRAL TEXAS TRUSTED - WORKING SINCLAIR BROADAST GROUP THE SOURCE WDRB MEDIA WE ARE ONE WHAS11/TEGNA CBS 58 ELEVATOR WEIGEL BROADCASTING WDJT MILWAUKEE WDSU 70TH ANNIVERSARY WDSU-TV 2 Celebrate the best in television station marketing. REGISTER NOW �Station Summit: Las Vegas. June 17-21, 2019. �Awards: North America Station 2019. GENERAL BRANDING/IMAGE: NEWS STATION IMAGE - LARGE MARKET FIRE AND ICE KGW DEMANDING NBC10 BOSTON WBZ: ONE 4 ALL WBZ-TV I AM THUNDER KXAS BRAND MARKETING STRONGER AND BETTER TOGETHER NBC4 LA STORM FLEET 2.0 KXAS BRAND MARKETING, PLANET 365 GENERAL BRANDING/IMAGE CAMPAIGN - SMALL MARKET WORKING FOR YOU WTVR STORIES THAT MAKE AN IMPACT WPRI YOU KNOW THIS IS HOME WHEN WGRZ PM IMAGE WWBT WWBT THV11 STORYTELLERS KTHV MORNING ON REPEAT WATERMAN BROADCASTING 3 Celebrate the best in television station marketing. REGISTER NOW �Station Summit: Las Vegas. June 17-21, 2019. �Awards: North America Station 2019. GENERAL BRANDING/IMAGE CAMPAIGN - MEDIUM MARKET WISH-TV - LOCAL NEWS SOURCE LAUNCH CAMPAIGN WISH-TV STORIES OF NOW TEGNA- 13NEWS NOW (WVEC) TRIBUNE MEDIA - FOX4 TALENT CAMPAIGN TRIBUNE MEDIA HERE FOR YOU WWL-TV BUILD YOU UP KSL TV WTKR NEWS 3 - MORNING PERSON TRIBUNE BROADCASTING GENERAL BRANDING/IMAGE CAMPAIGN - LARGE MARKET HOT FOR TV WCIU KTLA 5 NEWS IMAGE CAMPAIGN: CUT TO LA KTLA 70 YEARS OF STORIES KPIX MEDIA WITH IMPACT WNET EMOTIONAL COLORS KARE 11 I AM CAMPAIGN WFAA, A TEGNA COMPANY 4 Celebrate the best in television station marketing. -
NXST Investor Presentation June 2021
Nexstar Media Group, Inc. Investor Presentation Perry A. Sook, Founder, Chairman & CEO Tom Carter, President, COO & CFO JUNE 2021 Disclaimer Forward-Looking Statements This presentation 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, Nexstar 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 presentation, concerning, among other things, future financial performance, including 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, the ability to service and refinance our outstanding debt, successful integration of acquired television stations and digital businesses (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, volatility in programming costs, the effects of governmental regulation of broadcasting, industry consolidation, technological developments and major world news events. Nexstar undertakes 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 presentation might not occur. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. -
Is Back 2 X 3.5" Ad the Series Revival of “Will & Grace” Premieres Thursday on NBC
Looking for a way to keep up with local news, school happenings, sports events and more? 2 x 2" ad 2 x 2" ad September 22 - 28, 2017 We’ve got you covered! waxahachietx.com A M B E D N D A P S H E M D O 2 x 3" ad T X A L V O I C E C H O A U R Your Key A R R W G M O A R X Q I R P E To Buying M L B E E S Y A R E U M Y E H 2 x 3.5" ad S P E S C F H D Y M A X A Z E and Selling! A H R X I C U F E G I F T E D L P E R A W E S U Y N T P Y I B A R L A R X N W A W H A R X Q C A M D X P O T T S E R G O Z U E O F O V F A R G P S A E P E T T H S N A J O I H O L B M W O E N C X M A X A C N U M G E X I X V U I A K T E S W G E F W J C A K L G E O R G E V O T U V C K S Y I X B I V A H “Young Sheldon” on CBS (Words in parentheses not in puzzle) Sheldon (Iain) Armitage (East) Texas Place your classified Solution on page 13 Mary (Zoe) Perry Gifted ad in the Waxahachie Daily 2 x 3" ad George (Sr.) (Lance) Barber Eccentric Light, Midlothian Mirror and ‘Will & Grace’ 1 x 4" ad Meemaw (Annie) Potts Twins Ellis County Trading Post! Word Search Voice (of Sheldon) (Jim) Parsons Family Call (972) 937-3310 © Zap2it is back 2 x 3.5" ad The series revival of “Will & Grace” premieres Thursday on NBC. -
Date Headline URL Hit Sentence Source
Date Headline URL Hit Sentence Source http://www.al.com/news/index.ssf/2018/03/despite_clotilda_disa 09-Mar-2018 03:17PM Despite Clotilda disappointment, Africatown hopes high ppointmen.html AL.com Historical Commission says the ship is too new and too Alabama Wreck Isn't The Remains Of The Slave Ship http://www.topix.com/state/al/2018/03/alabama-wreck-isnt-the- large to be the Clotilda, which was the last known vessel 08-Mar-2018 07:29AM Clotilda remains-of-the-slave-ship-clotilda to bring enslaved people to Topix http://buffalonews.com/2018/03/07/noreaster-winds-reveal-a- Nor'easter winds reveal surprising beach discovery: surprising-beach-discovery-the-remains-of-a-revolutionary-war-era- 07-Mar-2018 01:55PM Remains of Revolutionary War-era ship ship/ The Buffalo News Their research sparked an all-out investigation by the Alabama Shipwreck Turns Out Not to be the Clotilda, the http://atlantablackstar.com/2018/03/07/alabama-shipwreck-turns- Alabama Historical Commission and international 07-Mar-2018 12:36PM Last American Slave Ship not-clotilda-last-american-slave-ship/ partners of the Slave Wrecks Project, Atlanta Black Star 07-Mar-2018 12:12PM The Gadfly: March 7, 2018 https://lagniappemobile.com/the-gadfly-march-7-2018/ Lagniappe Mobile site. The discovery also set in motion activity by the Alabama Historical Commission, visits from the Slave 07-Mar-2018 10:35AM Ship hits the fan? Not so, Raines says https://lagniappemobile.com/ship-hits-the-fan-not-so-raines-says/ Wrecks Project and Diving with a Lagniappe Mobile 07-Mar-2018 10:35AM -
2011 State of the News Media Report
Overview By Tom Rosenstiel and Amy Mitchell of the Project for Excellence in Journalism By several measures, the state of the American news media improved in 2010. After two dreadful years, most sectors of the industry saw revenue begin to recover. With some notable exceptions, cutbacks in newsrooms eased. And while still more talk than action, some experiments with new revenue models began to show signs of blossoming. Among the major sectors, only newspapers suffered continued revenue declines last year—an unmistakable sign that the structural economic problems facing newspapers are more severe than those of other media. When the final tallies are in, we estimate 1,000 to 1,500 more newsroom jobs will have been lost—meaning newspaper newsrooms are 30% smaller than in 2000. Beneath all this, however, a more fundamental challenge to journalism became clearer in the last year. The biggest issue ahead may not be lack of audience or even lack of new revenue experiments. It may be that in the digital realm the news industry is no longer in control of its own future. News organizations — old and new — still produce most of the content audiences consume. But each technological advance has added a new layer of complexity—and a new set of players—in connecting that content to consumers and advertisers. In the digital space, the organizations that produce the news increasingly rely on independent networks to sell their ads. They depend on aggregators (such as Google) and social networks (such as Facebook) to bring them a substantial portion of their audience. And now, as news consumption becomes more mobile, news companies must follow the rules of device makers (such as Apple) and software developers (Google again) to deliver their content. -
Federal Communications Commission FCC 18-100 Before the Federal
Federal Communications Commission FCC 18-100 Before the Federal Communications Commission Washington, D.C. 20554 In the Matter of ) ) Applications of Tribune Media Company ) MB Docket 17-179 (Transferor) ) ) and ) ) Sinclair Broadcast Group, Inc. ) (Transferee) ) ) For Transfer of Control of Tribune Media ) File No. BTCCDT-20170626AGW, et al. Company and Certain Subsidiaries, WDCW(TV) ) et al. ) ) and ) ) For Assignment of Certain Licenses from Tribune ) Media Company and Certain Subsidiaries ) HEARING DESIGNATION ORDER Adopted: July 18, 2018 Released: July 19, 2018 By the Commission: Commissioner O’Rielly issuing a statement. I. INTRODUCTION 1. On June 28, 2017, Sinclair Broadcast Group, Inc. (Sinclair) and Tribune Media Company (Tribune) filed applications seeking to transfer control of Tribune subsidiaries to Sinclair.1 Sinclair and Tribune have amended their applications several times thereafter, in an attempt to bring the transaction into compliance with the Commission’s national television multiple ownership rule, as well as the public- interest requirements of the Communications Act. 2. Among these applications were three that, rather than transfer broadcast television licenses in Chicago, Dallas, and Houston directly to Sinclair, proposed to transfer these licenses to other entities.2 The record raises significant questions as to whether those proposed divestitures were in fact “sham” transactions. By way of example, one application proposed to transfer WGN-TV in Chicago to an individual (Steven Fader) with no prior experience in broadcasting who currently serves as CEO of a 1 The applications filed to effectuate the transfer of control of Tribune Media Company to Sinclair are listed in Attachment 1. 2 See File No. BALCDT- 20180227ABD. -
Glorydaysofpaul Boesch's
HoustonChronicleLife&Entertainment Houston Chronicle | Sunday, July 19,2015 |HoustonChronicle.com and Chron.com @HoustonChron Section G 777 ZEST ‘MotownIt’s allabout the music in’ Joan Marcus Krisha Marcano,fromleft,Allison Semmes and Trisha Jeffrey star in first national tour of “Motown, The Musical.” INSIDE TwoHoustonians star in the ensembletouring production By Joey Guerra Jr.Both grewuphere and have been What do these with the tour since it kickedofflast HSPVA grads Motown —the label, the music, year. the movement—made superstars “Every time we do this show, miss about out of Diana Ross, Smokey Robinson there’s something Ilearn about the Houston? and MichaelJackson. TwoHouston powerofMotown —the artists, Ashley Támar Davis: nativesare hoping “Motown: The the songwriters, from the secretar- Family, home cooking Musical”will put them on the map, ies to Mr.Gordy,”Davis says.“The and Houston’sartsscene. as well. common threadisthey hadadesire Jarvis Manning Broadway’s “Motown”extends to merge the gapbetween races and Jr.:Whataburger— theater’s recentspate of “juke- cultures.” and CreamBurgerfor box” musicals, showsbuilt Davis is bestknown by her strawberry shakes. on pop catalogs. In this case, stagename,Támar.She sang the unifying factor is not a THEATER the leadvocals with Prince particular singer or group, on his Grammy-nominated but arecord producer.With song “Beautiful, Loved Gordy tells book by BerryGordy, based and Blessed.” Shealso on his autobiography, the show collaborated with Tyler his story in chronicles Gordy’sfounding and Perryonseveral “Madea” operation of the Motown record stageplays. amemoir label, and includescovers of the Shewas in the group manyMotown hits, performed by an Girl’s Tyme with Beyoncé, Berry Gordywanted JARVIS Motowntobea ensemble cast. -
J-B Illl · T-Te D
REDACTED - FOR PUBLIC INSPECTION WILLKIE FARR & GALLAGHERLLP JONATHAN A. FRIEDMAN 202 303 1137 j [email protected] 1875 K Street, N.W. Washington, DC 20006-1238 Tel: 202 303 1000 Fax: 202 303 2000 July 1, 2021 VIAECFS Marlene H. Dortch, Secretary Federal Communications Commission Office of the Secretary 45 L Street NE Washington, DC 20554 Re: REDACTED FOR PUBLIC INSPECTION Petition for Declaratory Ruling that Nexstar Media Group, Inc. 's Relationship with WPIX-TV Violates 47 C.F.R. § 73.3555(e) and the Nexstar/Tribune Order, MB Docket No. Dear Ms. Dortch: Enclosed is the Public version of the Petition for Declaratory Ruling ("Petition") of Comcast Cable Communications, LLC ("Comcast") regarding Nexstar Media Group, Inc.'s relationship to WPIX-TV. Comcast has also hand delivered today a Highly Confidential version of the Petition under a request for enhanced confidential treatment. If you have any questions, please do not hesitate to contact me. 1 :e:?J-b_Illl_·t-te _d_, ___~ Jonathan A. Friedman Counsel for Comcast Cable Communications, LLC Enclosures cc: Michelle Carey Maria Mullarkey NEW YORK W ASHINGTON HOUSTON PALO ALTO SAN FRANCISCO CHICAGO PARIS LONDON FRANKFURT BRUSSELS MILAN ROME REDACTED – FOR PUBLIC INSPECTION Before the FEDERAL COMMUNICATIONS COMMISSION Washington, DC In the Matter of ) ) ) Petition for Declaratory Ruling that Nexstar ) Media Group, Inc.’s Relationship with ) MB Docket No. 21-____ WPIX-TV Violates 47 C.F.R. § 73.3555(e) ) and the Nexstar/Tribune Order ) ) ) ) To the Commission: PETITION FOR DECLARATORY RULING Lynn R. Charytan Jonathan A. Friedman Francis M. Buono David P. Murray Ryan G.