Nexstar Media Group is a publicly traded American media company, headed by founder and CEO Perry A. Sook, who is also the largest insider shareholder. Nexstar is the largest television station owner in the United States, operating over 200 stations and controlling significant media assets including a majority stake in The CW network and the national news network NewsNation. Nexstar recently agreed to acquire rival broadcaster Tegna for $6.2 billion, further consolidating its position in local television media. Perry A. Sook founded Nexstar in 1996 and continues to serve as its Chairman and CEO. The company is headquartered in Irving, Texas, and trades on NASDAQ under the ticker symbol "NXST." It has expanded aggressively through acquisitions, most notably buying Tribune Media in 2019 and now moving to acquire Tegna, making it the dominant player in local broadcast television across the U.S.
