Television stations in the United States

Nexstar Media Group Declares Quarterly Cash Dividend of $0.70 Per Share

Thursday, July 29, 2021 - 12:00pm

Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $0.70 per share of its Class A common stock.

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $0.70 per share of its Class A common stock.
  • While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.
  • Nexstar Media Group, Inc. (NASDAQ: NXST) 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.
  • Its wholly owned operating subsidiary, Nexstar Media Inc., consists of three divisions: Broadcasting, Digital, and Networks.

Famed Local Meteorologist to MC Arizona Annual Startup Event

Wednesday, July 28, 2021 - 4:10pm

CHANDLER, Ariz., July 28, 2021 /PRNewswire/ -- Chandler Innovations , the city's business incubation and entrepreneurial development program is holding its annual Startup Connection event from September 17th through the 18th.

Key Points: 
  • CHANDLER, Ariz., July 28, 2021 /PRNewswire/ -- Chandler Innovations , the city's business incubation and entrepreneurial development program is holding its annual Startup Connection event from September 17th through the 18th.
  • The free two-day event starts with a reception on Friday night at the Crowne Plaza Hotel and Golf Resort in Downtown Chandler.
  • The reception's master of ceremonies will be Ian Schwartz, an Arizona celebrity and renownedMorning Meteorologist at KPHO/KTVK Arizona's Family.
  • "Startup Connection was successfully held virtually last year, but we are so delighted to be able to offer an in-person experience once again."

Nexstar Media Promotes Ron Romines to Senior Vice President and Regional Manager

Thursday, July 22, 2021 - 5:00pm

Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), announced today that it has promoted Ron Romines as Senior Vice President and Regional Manager, overseeing the companys broadcast and digital operations in various markets across the country.

Key Points: 
  • Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), announced today that it has promoted Ron Romines as Senior Vice President and Regional Manager, overseeing the companys broadcast and digital operations in various markets across the country.
  • Mr. Romines has been the Vice President and General Manager of the companys broadcast and digital operations in Charlotte, North Carolina (DMA #22).
  • Mr. Romines brings 30 years of broadcast experience to his new role, including serving as Senior Vice President and Regional Manager at Nexstar in 2019 and 2020.
  • Mr. Romines joined WTEN-TV in 2005 as General Sales Manager and spent 14 years at the station, becoming Vice President and General Manager in 2014.

NewsNation Announces Major Programming Expansion Launching September 27

Monday, July 19, 2021 - 2:00pm

NewsNation , Nexstar Media Inc.s (Nasdaq: NXST) wholly-owned cable network reaching 75 million U.S. television households, today announced a major expansion of its programming, adding 26 hours of news, analysis, and talk to the networks weekly schedule.

Key Points: 
  • NewsNation , Nexstar Media Inc.s (Nasdaq: NXST) wholly-owned cable network reaching 75 million U.S. television households, today announced a major expansion of its programming, adding 26 hours of news, analysis, and talk to the networks weekly schedule.
  • Beginning September 27, NewsNations new programming line-up will include DAN ABRAMS LIVE, airing weeknights from 8 p.m.
  • Following the expansion, the networks weekly original programming will increase from 19 hours at its launch in September 2020, to a total of 55 hours of live news, analysis, and talk every week.
  • Also launching on September 27 is MORNING IN AMERICA, NewsNations live three-hour national morning newscast airing from 7 a.m.

Nexstar Media Inc. Promotes Donna D’Amico to Vice President and General Manager of Its Media Operations in Colorado Springs, Colorado

Wednesday, July 7, 2021 - 5:30pm

Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that Donna DAmico has been promoted to Vice President and General Manager of its media operations in Colorado Springs, Colorado (DMA #82), overseeing KXRM-TV (FOX), KXTU-TV (CW) and FOX21News.com .

Key Points: 
  • Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that Donna DAmico has been promoted to Vice President and General Manager of its media operations in Colorado Springs, Colorado (DMA #82), overseeing KXRM-TV (FOX), KXTU-TV (CW) and FOX21News.com .
  • Ms. DAmico will begin her new duties immediately and report to Matthew Rosenfeld, Nexstar Media Inc.s Senior Vice President and Regional Manager.
  • Ms. DAmico brings more than 30 years of leadership experience in broadcast marketing and sales to her new role.
  • Ms. DAmico also led the creation of an innovative annual sales program at the stations, attracting new advertisers and consistently growing incremental advertising revenue.

Taos, an IBM Company, Looks to Achieve New Level of Growth With Appointment of Ken Grohe as Chief Revenue Officer

Wednesday, July 7, 2021 - 1:00pm

Taos, a global leader in cloud and DevOps solutions, has announced the hiring of 33-year industry veteran Ken Grohe as its Chief Revenue Officer (CRO).

Key Points: 
  • Taos, a global leader in cloud and DevOps solutions, has announced the hiring of 33-year industry veteran Ken Grohe as its Chief Revenue Officer (CRO).
  • Grohe will lead the companys global go-to-market organization and help position Taos for ongoing growth in key priorities.
  • Grohe also served as CRO of Virident and its acquirer, Western Digital, and was the president of SignNow.
  • Kens background makes him perfect for helping Taos achieve a whole new level of growth and impact.

Scripps launches 24-hour Florida statewide news network

Tuesday, June 15, 2021 - 3:00pm

Scripps Company (NASDAQ: SSP) is expanding its commitment to Florida audiences with the launch ofthe Florida 24 Network, a new statewide news network available over-the-top (OTT) for viewers in every local TV market in the state.

Key Points: 
  • Scripps Company (NASDAQ: SSP) is expanding its commitment to Florida audiences with the launch ofthe Florida 24 Network, a new statewide news network available over-the-top (OTT) for viewers in every local TV market in the state.
  • "The launch of the Florida 24 Network is the evolution of our long-time commitment to our Florida audiences and advertisers.
  • The network will feature regular updates from Katie LaGrone, Scripps' statewide investigative reporter, and Forrest Saunders, Florida State Capitol reporter in Tallahassee.
  • "The Florida 24 Network captures those learnings with the same commitment to essential journalism for which Florida residents have known Scripps for many years."

Nexstar Media Names James Baronet Vice President and General Manager of Its Topeka, Kansas, Media Operations

Monday, June 14, 2021 - 8:00pm

Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), today announced the appointment of James Baronet as Vice President and General Manager of its broadcast and digital operations in Topeka, Kansas (DMA #142).

Key Points: 
  • Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), today announced the appointment of James Baronet as Vice President and General Manager of its broadcast and digital operations in Topeka, Kansas (DMA #142).
  • Mr. Baronet will begin his new duties immediately and report to Julie Pruett, Senior Vice President and Regional Manager for Nexstar Media Inc.s broadcasting division.
  • Todays announcement represents a homecoming of sorts for Mr. Baronet, who previously served as the Vice President and General Manager of Nexstars broadcast and digital operations in Baton Rouge, LA (DMA #94), including WVLA-TV (NBC) and WGMB-TV (FOX/CW), from 2014 to 2016.
  • Since 2016, Mr. Baronet has served as the General Manager of KSAS-TV (FOX), serving the Wichita, KS area (DMA #70), responsible for all station operations.

Nexstar Variable Interest Entity, Mission Broadcasting, Closes New $300 Million Senior Secured Term Loan B Facility

Thursday, June 3, 2021 - 9:00pm

Nexstar Media Group, Inc. (Nasdaq: NXST) today announced that Mission Broadcasting, Inc. (Mission), a variable interest entity of wholly-owned subsidiary, Nexstar Media, Inc. (formerly known as Nexstar Inc. or Nexstar Broadcasting, Inc.) (Nexstar), has closed on a new $300 million Term Loan B Facility.

Key Points: 
  • Nexstar Media Group, Inc. (Nasdaq: NXST) today announced that Mission Broadcasting, Inc. (Mission), a variable interest entity of wholly-owned subsidiary, Nexstar Media, Inc. (formerly known as Nexstar Inc. or Nexstar Broadcasting, Inc.) (Nexstar), has closed on a new $300 million Term Loan B Facility.
  • Missions new Term Loan B Facility has a seven-year maturity and bears interest at a rate of LIBOR plus 2.50%, with a 0.0% LIBOR floor.
  • Mission intends to use the net proceeds from the new Term Loan B Facility to pay down borrowings under its existing Revolving Credit Facility, pay shared service fees to Nexstar and for general corporate purposes.
  • In addition, concurrent with the closing of the Term Loan B Facility, Mission re-allocated $255 million of its Revolving Credit Facility commitments to Nexstars Revolving Credit Facility.

Colonial Increases Its Stake in SFL

Thursday, June 3, 2021 - 8:20pm

The Colonial Group has approved a simplification of the shareholding structure of its subsidiary SFL which reinforces its Real Estate exposure in Paris and consists in:

Key Points: 
  • The Colonial Group has approved a simplification of the shareholding structure of its subsidiary SFL which reinforces its Real Estate exposure in Paris and consists in:
    a share and assets swap between SFL and Predica whereby Predica will transfer to SFL an 8% stake in SFL in the context of the SFL share buy-back program.
  • It is contemplated that the contribution by Predica of its 5% stake in SFL into Colonial and the share and assets swap would take place concurrently.
  • Within the framework of the agreed transactions, Colonial will file beginning of June - a voluntary mixed tender offer for all the shares of SFL owned by minority shareholders for a consideration equal to 46,66 and 5 newly issued shares of Colonial (listed in Madrid and Barcelona) for each share of SFL.
  • This transaction will allow Colonial to increase its stake in SFLs share capital from its current 81.7% to a minimum stake of 94%, including the possibility to acquire the entire share capital of SFL via the mixed tender offer.