information about history and acquisitions of nexstar . please expand the article to include this information . further details may exist on the talk page . september 2014 nexstar broadcasting group inc. trading name nexstar broadcasting group type public traded as nasdaq nxst industry broadcast television founded irving texas 1996 founder perry a. sook headquarters irving texas area served united states nationwide key people perry a. sook chairman president and ceo thomas e. carter executive vice president & chief financial officer timothy busch executive vice president & co chief operation officer brian jones executive vice president & co chief operating officer products television stations revenue 62.8 million usd operating income 17.5 million usd net income 83.6 million usd owner shareholders controlling number of employees 2 230 2011 divisions lakana website www.nexstar.tv nexstar broadcasting group is a publicly traded american telecommunications company headquartered in irving texas . the company s portfolio consists of 91 television stations across the u.s. most of whom are affiliates with the four major u.s. television networks located in small to medium sized markets . it also operates all of the stations owned by an affiliated company mission broadcasting under local marketing agreements . 1 2 contents 1 history 2 television stations 2.1 current nexstar stations 2.2 former nexstar stations 2.3 retransmission consent dispute with fox 3 references 4 external links history edit this section contains embedded lists that may be better presented using prose . you can help by converting the list or lists to prose if appropriate . editing help is available . february 2016 learn how and when to remove this template message nexstar broadcasting group inc. was founded in 1996 . 3 the first television station bought by nexstar was wyou tv in scranton pa . nexstar bought wyou from locally owned diversified communications . nexstar promptly fired two beloved anchors and laid off several long term staff members . perry sook promised that wyou would nexstar s flagship station and he kept an office right off the newsroom for many years . in one memorable moment in sook s time there the unedited version of the robert mitchum movie the big sleep aired on a sunday afternoon . the production staff was amused to see sook running down the hallway from his office to the master control suite when full frontal nudity appeared on screen during the movie . in 1998 nexstar purchased wbre tv in wilkes barre pa . because this was in the same market as wyou tv wyou tv was sold to mission broadcasting . this began the first ever shared services agreement between stations.wyou tv s sales staff was kept in scranton while the production and news operations were moved to wbre s offices in wilkes barre . wyou s staff who were not laid off were fired by nexstar hired by mission and eventually re hired by nexstar . mission broadcasting then paid nexstar to operate and control the production and news gathering operations while mission kept the sales and management team . in 2003 nexstar acquired quorum broadcasting owner of 10 television stations . 4 5 in july 2012 nexstar agreed to purchase 11 stations and inergize digital media from newport television with two stations going to affiliate mission broadcasting . 6 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 . 7 on september 16 2013 nexstar announced that it would acquire woi dt kcau tv and whbf tv from citadel communications for 88 million . nexstar immediately took over the stations operations through a time brokerage agreement . 8 the deal followed phil lombardo s decision to slow down as well as a desire by lynch entertainment to divest its investments in woi and whbf ; citadel would continue to own klkn wlne tv and its sarasota properties . 9 on march 5 2014 the federal communications commission approved the sale of these stations to nexstar outright and the deal was completed on march 13 . kcau continues to use citadel s standardized news sets graphics and logos . on november 6 2013 nexstar broadcasting group announced that it would purchase the grant stations for 87.5 million . due to federal communications commission ownership regulations one of the stations kljb was spun off to marshall broadcasting but will be operated by nexstar through a shared services agreement . 10 the sale was completed on december 1 2014 . 11 on march 13 2014 nexstar broadcasting group announced that it would purchase internet broadcasting a provider of for 20 million . the company had also recently acquired competitor inergize digital through its purchase of assets from newport television followed by enterprise technology group a spun out joint venture between lin media and fox television stations . the providers were merged to form lakana led by former etg ceo phillip hyun . 12 13 14 15 on february 2 2015 nexstar finalized its acquisition of yashi a location focused video advertising and programmatic technology company for 33 million . 16 on september 28 2015 nexstar announced that it presented an unsolicited offer to buy media general for 4.1 billion including debt . 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 . nexstar s offer is seen by analysts as a maneuver to torpedo the merger of media general with meredith corporation announced on september 8 . if media general agrees to the counter offer within a 20 day period nexstar would expand its portfolio to 114 television stations pending spin offs in markets where both own stations and federal approval . 17 18 19 20 21 on november 16 media general rejected the offer but agreed to negotiate after concluding its merge with meredith . 22 on november 17 2015 nexstar announced its intent to purchase west virginia media holdings stations for 130 million . the company took over the stations non license assets under a time brokerage agreement in december 2015 pending the formal completion of the deal expected in late 2016 . the two companies viewed the acquisition as being a complement to nexstar s whag tv whose coverage area includes the eastern panhandle region . nexstar ceo perry a. sook is an alumnus of wvmh owned wowk tv . 23 on january 27 2016 media general announced that it had entered into a definitive agreement to be acquired by nexstar in a deal valued at 17.14 per share valuing the company at 4.6 billion plus the assumption of 2.3 billion debt . the combined company will be known as nexstar media group and own 171 stations serving an estimated 39 % of u.s. households . the company will pay meredith corporation whom media general had previously proposed a merger with a termination fee of 60 million and give meredith right of first refusal to acquire any broadcast or digital properties that may be divested during the purchase . the deal also includes contingent value rights for media general shareholders if it sells spectrum from its stations during the fcc s spectrum incentive auction . 24 25 on may 27 2016 nexstar announced the sales of five stations . wcwj in jacksonville florida along with wsls tv in roanoke virginia will be sold to the graham media group and kadn tv as well as klaf ld in lafayette louisiana will be 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 . 26 nexstar announced on june 13 2016 that it would sell wfft in fort wayne indiana kqtv in st. joseph missouri kimt in rochester minnesota wthi 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 . the divestitures will allow nexstar to comply with fcc ownership rules specifically pertaining to national market coverage for station owners in advance of the approval proceedings of the merger of both groups nexstar already owns nbc affiliate wtwo and operates abc affiliate wawv tv in terre haute and plans to acquire media general owned cbs affiliate wane tv in fort wayne . 27 television stations edit the old nexstar logo prior to 2006 . these stations are either owned and operated by nexstar or controlled by nexstar through management services agreements msas with mission broadcasting or sinclair broadcast group . prior to october 2011 nexstar operated television stations that were owned by the four points media group ; however on september 8 2011 sinclair 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 . 28 nexstar also holds the license of one station which is currently operated by sinclair through an msa . most of the stations nexstar owns and operates were acquired through acquisitions of quorum broadcasting in 2003 newport television in 2012 and communications corporation of america in 2015 . many of these stations are licensed under mission broadcasting and operated through msas by nexstar to comply with current fcc ownership limits . 29 each nexstar cluster also operates its own news website although they do not use their station branding or call letters in the addresses choosing to use a slogan related to their area though in all cases call letter specific addresses are retained by nexstar and redirect to a station s site for familiarity to site visitors and to discourage cybersquatting . most local nexstar sites also have a related . biz site separate from the news site to promote nexstar s daily local deal efforts paid ask the experts sections any advertorial programming a station may air and local advertisers in each market . current nexstar stations edit stations are arranged alphabetically by state and by city of license . city of license market station channel tv rf owned since current affiliation dothan ozark wdhn 18 21 2003 abc huntsville wzdx 54 41 2014 fox mynetworktv dt2 metv dt3 phoenix kasw 61 49 2015 the cw fort smith fayetteville springdale rogers knwa tv 51 50 2004 nbc fox dt2 kfta tv 1 24 27 2004 fox nbc dt2 little rock pine bluff kark tv 4 32 2003 nbc karz tv 42 44 2009 mynetworktv klrt tv 2 16 30 2013 fox kasn 2 38 39 2013 the cw bakersfield kget tv 17 25 2013 nbc the cw dt2 telemundo dt3 kkey lp 11 17.3 2013 telemundo fresno ksee 24 38 2013 nbc kgpe 47 34 2013 cbs grand junction kfqx 4 15 3 fox krex tv 5 2 2014 cbs mynetworktv dt3 kgjt cd 27 27 2014 mynetworktv glenwood springs kreg 13 satellite of krex tv 3 23 2014 cbs mynetworktv dt2 montrose krey satellite of krex tv 10 13 2014 cbs mynetworktv dt2 jacksonville wcwj 12 17 34 2009 the cw panama city wmbb 13 13 2014 abc champaign urbana springfield decatur wcia 3 48 1999 cbs wcix 49 13 1999 mynetworktv peoria bloomington wmbd tv 31 30 1999 cbs wyzz tv 43 28 4 fox rockford wqrf tv 39 42 2003 fox wtvo