Harold B. Degood Scrapbook, (K0401)

Total Page：16

File Type：pdf, Size：1020Kb

PRELIMINARY INVENTORY K0401 (KA1141) HAROLD B. DEGOOD SCRAPBOOK This collection is available at The State Historical Society of Missouri Research Center- Kansas City. If you would like more information, please contact us at [email protected]. Introduction Approximately 0.1 cubic foot. The Harold B. DeGood Scrapbook consists of a single scrapbook containing newspaper clippings, correspondence, and photographs regarding WDAF-TV, a television station in Kansas City, Missouri. On January 30, 1948, The Kansas City Star applied to the Federal Communications Commission (FCC) for the licensing and construction of a television station that would transmit on VHF (very high frequency) channel 4 to the Kansas City area. Broadcast testing for WDAF-TV (Why Dial Any Further?) took place on September 11, 1949, at Municipal Auditorium located in Kansas City, Missouri. The station signed on air eighteen days later with the broadcasting of President Harry S. Truman’s speech given at Municipal Auditorium. In 1953, at the behest of President Harry S. Truman, the United States Department of Justice initiated an antitrust investigation against The Kansas City Star over its ownership of both the WDAF radio and WDAF-TV stations. The Star was charged with monopolistic practices in its sale of advertising for its newspaper, radio station, and television station. Four years later, a grand jury found The Star guilty and ordered the newspaper to stop combining its advertising and subscription rates for the newspaper and to sell off its broadcasting interests. The WDAF radio and WDAF-TV stations were sold to the National-Missouri Broadcasters. Today, WDAF-TV is a Fox- affiliated television station owned by Nexstar Media Group. Donor Information The scrapbook was donated to the University of Missouri by William Ryan on May 31, 2001 (Accession No. KA1141). Copyright and Restrictions The Donor has given and assigned to the University of Missouri all rights of copyright, which the Donor has in the Materials and in such of the Donor’s works as may be found among any collections of Materials received by the University from others. Location Note The collection is stored onsite. Inventory Oversize Scrapbook, 1949-1964 .

Copy Link

Recommended publications

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
[Show full text]
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
[Show full text]
Nexstar Media Group and Dish Network Reach Multi-Year Distribution Agreement
NEXSTAR MEDIA GROUP AND DISH NETWORK REACH MULTI-YEAR DISTRIBUTION AGREEMENT Nexstar’s 164 Local TV Stations and Cable Network, WGN America, Restored to Satellite Carrier’s Program Line-up WGN America Will Launch on DISH’s Streaming Service, Sling TV, in Early 2021 IRVING, TX (Dec. 25, 2020) – Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”), today announced that it has reached a comprehensive multi-year distribution agreement with DISH Network. The agreement restores Nexstar’s 164 local television stations across the country and Nexstar’s wholly-owned cable network, WGN America, to DISH Network’s programming line-up. WGN America will also launch on DISH’s streaming service, Sling TV, in early 2021. Financial terms of the agreement were not disclosed. The agreement means that more than 5 million DISH subscribers will again have access to the highly-rated network and local entertainment, sports, and news programming provided by Nexstar television stations and by WGN America, home of the country’s only live prime-time national newscast, NewsNation. During the last three months, Nexstar successfully completed more than 250 distribution agreements with its satellite, cable, telco, and streaming partners. Combined with similar agreements reached with other providers in 2019, Nexstar now has long-term visibility regarding future retransmission and carriage fees covering 90% of the company’s footprint through 2022. Nexstar’s local television stations and WGN America had been off DISH Network’s satellite system since Dec. 2. We regret the inconvenience experienced by our viewers and look forward to again providing them with leading network and local programming.
[Show full text]
Nexstar Media Charitable Foundation and Wgn-Tv Donate $5,000 to the United Negro College Fund
NEXSTAR MEDIA CHARITABLE FOUNDATION AND WGN-TV DONATE $5,000 TO THE UNITED NEGRO COLLEGE FUND IRVING, TX (July 20, 2021) – The Nexstar Media Charitable Foundation announced today it will donate $5,000 to the Chicago Chapter of the United Negro College Fund (UNCF) on behalf of WGN-TV, the Nexstar Media Inc. television station serving the Chicago, IL, area. The donation was made live on the WGN-TV Midday newscast and will be used to fund scholarships for students attending a range of historically Black colleges and universities throughout the United States. “As we emerge from the pandemic, we are very aware that this time has been tough on the fund-raising efforts of organizations like UNCF,” said Paul Rennie, Vice President and General Manager of WGN-TV. “In many cases, a scholarship from the UNCF allows students the future of a college education and WGN-TV has long supported the Chicago Chapter of UNCF. Giving back to the communities served by Nexstar in 116 markets across the country is core to the company’s mission and we are proud to make this $5,000 donation on behalf of Chicago’s Very Own, WGN-TV Channel 9, Nexstar Media Group, and all of Nexstar’s 13,000 employees.” UNCF’s mission is to build a robust and nationally-recognized pipeline of under-represented students who, because of UNCF support, become highly-qualified college graduates and to ensure that its network of member institutions is a respected model of best practice in moving students to and through college. UNCF annually awards more than $100 million scholarships to more than 10,000 students and provides significant financial support to 37 historically Black colleges and universities across the country.
[Show full text]
Resubmission of Redacted Materials Submitted Prior to Entry of Protective Order Tribune Media Company and Nexstar Media Group, Inc
Eve Klindera Reed 202.719.7404 Wiley [email protected] ) .' 1\('1 n LUJ REDACTED - FOR PUBLICINSPECTION VIA ECFS April 3, 2019 Marlene H. Dortch Federal Communications Commission 445 12th Street, S.W. Washington, DC 20554 Re: Resubmission of Redacted Materials Submitted Prior to Entry of Protective Order Tribune Media Company and Nexstar Media Group, Inc. MB Docket No. 19-30 Dear Ms. Dortch: On behalf of Nexstar Media Group, Inc. ("Nexstar"), enclosed are copies of certain materials containing Confidential Information and Highly Confidential Information that have been redacted for public inspection. These materials were submitted prior to the entry of the Protective Order! in this proceeding as exhibits to the transfer of control applications, accompanied by a confidentiality request filed pursuant to Section 0.459 ofthe Commission's Rules. The redacted materials are being resubmitted in compliance with the Protective Order, consistent with discussions with Commission staff. The materials consist of the following: 1. The Comprehensive Exhibit that was previously submitted in Exhibit 15 to each of the Form 315 transfer of control applications; 2. A schedule to the Agreement and Plan of Merger that was previously submitted in Exhibit 15 of each of the Form 315 transfer of control applications; and 3. The "top-four" showing that was previously submitted in Exhibit 20 of the Form 315 transfer of control application for Tribune Broadcasting Indianapolis LLC.2 1 Tribune Media Company (Transferor) and Nexstar Media Group, Inc. (Transferee), Consolidated Applications for Consent to Transfer of Control, MB Docket No, 19-30, Protective Order (reI. Mar. 15, 2019). 2 Within the materials, Highly Confidential Information has been denoted with {{BEGIN HCI}} and {{END HCI}} and Confidential Information has been denoted with {{BEGIN CI}} and {{END CI}}.
[Show full text]
Federal Communications Commission FCC 19-89 Before the Federal Communications Commission Washington, D.C. 20554 in the Matter Of
Federal Communications Commission FCC 19-89 Before the Federal Communications Commission Washington, D.C. 20554 In the Matter of the Applications of ) ) Tribune Media Company ) MB Docket No. 19-30 (Transferor) ) ) and ) ) Nexstar Media Group, Inc. ) File No. BTCCDT-20190107ADJ, et al. (Transferee) ) ) and ) ) Nexstar Broadcasting, Inc. ) (Assignor) ) ) and ) ) Scripps Broadcasting Holdings, LLC ) BALCDT-20190403ABL, et al. (Assignee) ) ) and ) ) Nexstar Broadcasting, Inc. ) (Assignor) ) ) and ) ) BALCDT-20190403ABJ, et al. TEGNA Broadcast Holdings, LLC ) (Assignee) ) ) and ) ) Nexstar Broadcasting, Inc. ) (Assignor) ) ) and ) ) BALCDT-20190408AAR, et al. CCB License, LLC ) (Assignee) ) ) and ) ) Dreamcatcher Broadcasting, LLC ) (Transferor) ) ) and ) ) ) Federal Communications Commission FCC 19-89 Local TV Finance, LLC ) BTCCDT-20190410AAX, et al. (Transferee) ) ) And ) ) Local TV Virginia License, LLC ) (Assignor) ) ) and ) ) Scripps Broadcasting Holdings, LLC ) BALCDT-20190410AAK, et al. (Assignee) ) ) For Transfer of Control of Tribune Media ) Company to Nexstar Media Group, Inc., and ) Assignment of Certain Broadcast ) Licenses and Transfer of Control of Certain Entities ) Holding Broadcast Licenses MEMORANDUM OPINION AND ORDER Adopted: September 13, 2019 Released: September 16, 2019 By the Commission: Commissioner O’Rielly issuing a statement; Commissioners Rosenworcel and Starks dissenting and issuing separate statements. TABLE OF CONTENTS Heading Paragraph # I. INTRODUCTION .................................................................................................................................
[Show full text]
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.
[Show full text]
2017 – 1St Quarter
News Announcement For Immediate Release NEXSTAR MEDIA GROUP FIRST QUARTER NET REVENUE RISES 111.3% TO A RECORD $540.3 MILLION Net Revenue Growth Drives 1Q Record Operating Income of $110.1 Million, Record BCF of $188.2 Million, Adjusted EBITDA of $171.5 Million and Free Cash Flow of $102.2 Million, Before One-Time Transaction Expenses IRVING, Texas – May 9, 2017 – Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or “the Company”) today reported record financial results for the first quarter ended March 31, 2017 as summarized below. On January 17, 2017, Nexstar completed its acquisition of Media General, Inc. and also closed on the divestitures of 13 television stations. All actual results presented herein reflect the impact of $47.7 million of one-time transaction expenses incurred in the quarter ended March 31, 2017. The actual results presented herein for the three months ended March 31, 2017 reflect the Company’s legacy Nexstar broadcasting and digital operations (less seventy-three days of results from six Nexstar station divestitures) and seventy-three days of results from the Media General stations (net of divestitures). The comparable three month period ended March 31, 2016 reflects the Company’s legacy Nexstar broadcasting and digital operations. Summary 2017 First Quarter Highlights Three Months Ended March 31, ($ in thousands) 2017 2016 Change Local Revenue $ 202,430 $ 93,767 +115.9 % National Revenue $ 77,711 $ 35,450 +119.2 % Core Advertising Revenue $ 280,141 $ 129,217 +116.8 % Political Revenue $ 1,995 $ 11,754 (83.0
[Show full text]
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.
[Show full text]
Nexstar Inc. Promotes Three Veteran Broadcasters To
NEXSTAR INC. PROMOTES THREE VETERAN BROADCASTERS TO VICE PRESIDENT AND GENERAL MANAGER OF BROADCAST AND DIGITAL OPERATIONS IN KNOXVILLE, TN, ROANOKE, VA, AND MYRTLE BEACH, SC Nexstar’s Deep Bench of Management Talent Enables Continued Promotion from Within its Own Ranks IRVING, TX (Apr. 5, 2021) – Nexstar Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the promotion of three experienced broadcast leaders and current Nexstar executives to oversee the company’s broadcast and digital operations in Knoxville, TN, Roanoke, VA, and Myrtle Beach, SC. Kimberly Byrd will be promoted to lead WATE-TV (ABC) in Knoxville (DMA #62) and report to Mike Vaughn, Senior Vice President and Regional Manager for Nexstar Inc.’s broadcasting division. She will begin her new duties in May, following the retirement of Nexstar’s veteran Vice President and General Manager, Coby Cooper. Effective immediately, Ben Oldham will assume the leadership role at WFXR-TV (FOX) and WWCW-TV (CW) in Roanoke (DMA #72) and report to Doug Davis, Senior Vice President and Regional Manager for Nexstar Inc.’s broadcasting division, and Robert Raff will be taking on a new leadership role in a larger market, overseeing the operations of WBTW-TV (CBS) in Myrtle Beach, South Carolina (DMA #99), reporting to Andy Alford, Senior Vice President and Regional Manager for Nexstar Inc.’s broadcasting division. Collectively, Ms. Byrd, Mr. Oldham, and Mr. Raff have more than 60 years of broadcast sales and leadership experience. Each has consistently demonstrated the ability to grow revenue and profitability by identifying new streams of revenue, cultivating new business, developing a variety of innovative cross- platform solutions for advertisers and marketers, creating sponsorship opportunities, and deepening the ties to the communities in which they have worked.
[Show full text]
Wttv-Tv, Wxin-Tv Eeo Public File Report I. Vacancy List
Page: 1/11 WTTV-TV, WXIN-TV EEO PUBLIC FILE REPORT April 1, 2019 - March 31, 2020 I. VACANCY LIST See Section II, the "Master Recruitment Source List" ("MRSL") for recruitment source data Recruitment Sources ("RS") RS Referring Job Title Used to Fill Vacancy Hiree 2-20, 25, 27-28, 30-31, 34-37, 39, 41, Producer, Digital Content 13 43-52, 55-58 2-12, 14-20, 25-28, 30-31, 34-37, 39, Reporter/MMJ 26 41, 43-52, 55-58 2-10, 12, 14-20, 25-28, 30-31, 34-37, Executive Producer 26 39, 41, 43-52, 55-58 2-10, 12-20, 25, 27-28, 30-31, 34-37, Associate Producer 13 39, 41, 43-52, 55-58 2-10, 12, 14-20, 25-28, 30-31, 34-37, Production Technician 26 39, 41, 43-52, 55-58 1, 3-20, 25, 27-28, 30-31, 34-39, 41, 43 Reporter 13 -50, 52, 55-58 2-12, 14-20, 25, 27-28, 30-31, 34-37, Editor, Non- Linear 18 39, 41, 43-50, 52, 55-58 2-12, 14-20, 25, 27-28, 30-31, 33-37, Reporter/MMJ 18 39, 43-50, 52, 55-58 2-20, 25, 27-28, 30-31, 34-37, 39, 43- Producer, News 13 50, 52, 55-58 2-20, 25, 27-31, 34-37, 39, 43-50, 52, Sales Assistant 18 55-58 2-20, 25, 27-28, 30-31, 34-37, 43-50, Anchor, Sports 13 52, 55-58 2-12, 14-25, 27-28, 30-31, 34-37, 39- Associate Producer 44 40, 42-44, 46-50, 52-56, 58 2-20, 25, 27-28, 30-31, 34-37, 39, 43- Account Executive 13 50, 52-53, 55-56, 58 2-12, 14-20, 25, 27-31, 34-37, 39, 43- Digital Content Producer 29 50, 52-53, 55-56, 58 2-11, 14-20, 25, 27-28, 30-31, 34-37, Graphic Artist 44 39, 43-50, 52-53, 55-56, 58 2-11, 14-20, 25, 27-28, 30-32, 34-37, Vice President/General Manager, WXIN/WTTV 32 39, 43-53, 55-56, 58 2-3, 5-10, 12, 14-20, 25-28, 30-32, 35- Director, Sales 26 37, 39, 43-53, 55-56, 58 2-3, 5-11, 14-20, 25, 27-28, 30-32, 35- Director, News 32 37, 39, 43-53, 55-56, 58 Page: 2/11 WTTV-TV, WXIN-TV EEO PUBLIC FILE REPORT April 1, 2019 - March 31, 2020 II.
[Show full text]
Nexstar Acquires the Hill, a Leading Independent Political Digital Media Platform, for $130 Million
NEXSTAR ACQUIRES THE HILL, A LEADING INDEPENDENT POLITICAL DIGITAL MEDIA PLATFORM, FOR $130 MILLION The Hill’s Unbiased Political News Platform Complements Nexstar’s Leading Local News Operations and National Cable News Network, NewsNation The Hill Attracts More Unique Visitors Than Any Other Comparable Political News Website IRVING, TX (August 20, 2021) – Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), announced today that it acquired The Hill for $130 million (plus working capital adjustments), in a transaction that is expected to be immediately accretive to Nexstar’s operating results. The Hill is the nation’s leading, independent, political digital media platform. The acquisition marks a continuation of Nexstar’s content-first strategy, focused primarily on news, designed to further leverage and monetize its expansive digital reach. The Hill is a leader in political news with 48 million average monthly users and 2.2 billion total pageviews in 2020 according to Comscore; it attracted more than 4 million followers and 914 million video views on Twitter and received five times more Facebook interactions than other political news websites. The acquisition of The Hill complements Nexstar’s leading digital platform, which delivered record growth and audience engagement in 2020, ranking #1 in local news for every month of the year and reaching record key performance indicators, including average monthly users of 91 million and 7.8 billion pageviews according to Comscore. Combined, The Hill and Nexstar are used by a third of all U.S. digital media viewers. With more than 100 journalists who cover political news and events and provide a wide variety of engaging content to its users, The Hill’s business model is primarily advertising supported by direct, programmatic, and licensing revenue.
[Show full text]