BNET Industries

Market Cap:$46.1M
Last Fiscal Year Sales:$266.8M
  • Public
  • US
Dow Jones Description

Nexstar Broadcasting Group currently owns, operates, programs or provides sales and other services to 50 television stations in 29 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar's television station group includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW and reaches approximately 8.25% of all U.S. television households.

President & Chief Executive Officer
Perry A. Sook
Number of Employees 2,164
Contact Information

909 Lake Carolyn Parkway

Suite 1450

Irving, Texas 75039

www.nexstar.tv

972-373-8800

NAICS Code Television Broadcasting: 515120

Recent Events

  • Nexstar Taps CAA for Retrans Help

    11/17/09 - Licensing / Contract - View Story

  • Nexstar Farms Out Retransmission Management

    11/17/09 - Financial Announcement - View Story

  • Nexstar Broadcasting to Report 2009 Third Quarter Financial Results, Host Conference Call and Webcast on...

    10/26/09 - Financial Announcement - View Story

  • Montoya in as SVP eMedia for Nexstar

    10/22/09 - Mgmt. Change Entering - Vice President - View Story

  • SpotCrime Inks Deal with Nexstar Broadcasting

    10/19/09 - Joint Venture / Alliance - View Story

  • Nexstar Shares Move Most on NASDAQ

    8/25/09 - Mgmt. Change Entering - CFO - View Story

  • Nexstar Broadcasting Names CFO

    7/21/09 - Mgmt. Change Entering - CFO - View Story

  • Nexstar Names Rogala As KARK's GM, Head Of Station Group

    6/22/09 - Mgmt. Change Entering - Manager - View Story

News & Analysis

media and nexstar broadcasting group inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Perry A. Sook President & Chief Executive Officer
Adrian Giuhat Senior Vice President & Chief Technology Officer
Brian Jones Executive Vice President & Co-Chief Operating Officer
Matthew E. Devine Executive Vice President & Chief Financial Officer
Timothy C. Busch Executive Vice President & Co-Chief Operating Officer
Blake Russell Vice President, Marketing & Operations
Chris Manson Vice President, News
John Lund Vice President & Corporate Controller
Richard Stolpe Vice President & Director, Engineering
Shirley E. Green Vice President, Finance
Susana G. Willingham Vice President & Corp News Director
Jack Purcell Investor
John Shimp Investor
Trey Sheridan Investor

Board of Directors

Name (plus bio) Position
Blake R. Bettaglia Board of Directors
Brent Stone Board of Directors
Erik Brooks Board of Directors
Geoff Armstrong Board of Directors
I. Martin Pompadur Board of Directors
Jay M. Grossman Board of Directors
Lis McNabb Board of Directors
Michael Donovon Board of Directors
Royce Yudkoff Board of Directors

Perry A. Sook formed our predecessor in 1996. Since our inception, Mr. Sook has served as our President and Chief Executive Officer and as a Director. From 1991 to 1996, Mr. Sook was a principal of Superior Communications Group, Inc. Mr. Sook currently serves as a director of the Pennsylvania Association of Broadcasters, the Television Bureau of Advertising and the Ohio University Foundation.

Organization Position Status
Nexstar Broadcasting Group, Inc. President & Chief Executive Officer Current
Nexstar Broadcasting Group, Inc. Chairman Current
Penton Media, Inc. Board of Directors Current

Adrian Giuhat joined Nexstar in June 2008 as Senior Vice President/Chief Technology Officer (CTO). In his current role, Mr. Giuhat has oversight responsibility for Nexstar IT infrastructure, eMedia application development and technology evolution. Prior to joining Nexstar, Mr. Giuhat was the co-founder and CTO of AvantGuard Technologies, from 2003 to 2008, a software development company focused on web application development and deployment, video integration and delivery, printing marketing, collaboration applications used in pre-sales and advertising. Prior to that time, Mr. Giuhat served as the SVP Engineering of Digital Generation Systems, Inc. from 2000 to 2003. Prior to that, Mr. Giuhat held various technology management positions with ADC, DSC-Alcatel, Nortel and Olivetti International. Mr. Giuhat holds a MSC in Computer Science and an MBA, and was a member of the Technology Executive Network Group (TENG) since 2002.

Organization Position Status
Nexstar Broadcasting Group, Inc. Senior Vice President & Chief Technology Officer Current
The Technology Executives Networking Group Member Current
University of Bucharest M.S., Computer Science Former
Ottawa University MBA in Finance Former

Brian Jones became Co-Chief Operating Officer for Nexstar Broadcasting on May 28, 2008. He has operating responsibility for the 27 Nexstar owned or operated television stations located in the states of Texas, Louisiana, Missouri, Arkansas, and Montana as well as all of Nexstar's New Media initiatives. Before that, he served as Senior Vice-President and Regional Manager for Nexstar since 2003. Mr. Jones came to Nexstar from Viacom owned KTVT (CBS) and KTXA (IND) in Dallas-Fort Worth, Texas where he was Vice-President & General Manager for seven years. Prior to that, he was Station Manager and held various Sales management positions at KTVT, Sales positions at MMT Sales Inc., KXAS (NBC) Dallas-Fort Worth and News positions at KLBK (CBS) Lubbock, Texas and KXAN (NBC) Austin, Texas. Altogether, he has 27 years of experience in the television industry. Mr. Jones serves as the Chairman of the FOX Affiliates Association Board of Governors and also serves on the board of directors of the Texas Association of Broadcasters. He is a member of the National Association of Broadcasters Small Market Advisory Committee as well as the Southern Methodist University School of Journalism Advisory Committee.

Organization Position Status
Nexstar Broadcasting Group, Inc. Executive Vice President & Co-Chief Operating Officer Current
Nexstar Broadcasting Group, Inc. Senior Vice President & Regional Manager Former

Organization Position Status
Nexstar Broadcasting Group, Inc. Executive Vice President & Chief Financial Officer Current

Timothy Busch has served as our Co-Chief Operating Officer since May 28, 2008. In his current role, Mr. Busch has oversight responsibility for the 24 Nexstar owned or operated stations located in the states of New York, Indiana, Pennsylvania, Illinois, Maryland, and Alabama. Prior to his current position, Mr. Busch served as Senior Vice President and Regional Manager for Nexstar Broadcasting since October 1, 2002. Before that, Mr. Busch served as the Vice President and General Manager of WROC Television (CBS) in Rochester, New York. Prior to joining Nexstar Broadcasting, Mr. Busch was General Sales Manager of the Gannett-owned NBC affiliate in Buffalo, New York from 1993-2000. Previous to that Mr. Busch held various sales management positions at WGRZ TV and at WGR AM and FM radio stations in Buffalo. Mr. Busch has served on various Boards in the Rochester and Buffalo areas as well as the New York State Broadcasting Association and is currently Vice Chair of the CBS Affiliate Board.

Organization Position Status
Nexstar Broadcasting Group, Inc. Executive Vice President & Co-Chief Operating Officer Current
Nexstar Broadcasting Group, Inc. Senior Vice President & Regional Manager Former

Mr. Russell was appointed the company’s Senior Vice President of Station Operations in November 2008. Prior to that, he served as Vice-President of Marketing & Operations since October 2007. In 2004, he was Vice President & General Manager of Nexstar’s KNWA (NBC) and KFTA (FOX) television stations in the Ft. Smith/Fayetteville market. Working with Nexstar’s General Managers and Senior Corporate Staff, he is responsible for the conception, execution and implementation of the company’s strategic initiatives and special projects. Mr. Russell's Operational oversight includes the areas of Marketing, News, Engineering, Production, and Promotion. During Mr. Russell’s eleven years with Nexstar, he has been instrumental in re-launching and re-positioning stations in Beaumont, Shreveport, and Ft. Smith/Fayetteville. He brings this experience to the corporate level to help lead the continuing evolution of the company to a multi-platform, local content and service provider. He plays a key role in Nexstar’s regional hub strategies. Altogether, Mr. Russell has 20 years of experience in the television industry.

Organization Position Status
Nexstar Broadcasting Group, Inc. Vice President, Marketing & Operations Current

Chris Manson was appointed to the position of Vice President of News in May of 2006. He began his broadcast career with the American Forces Radio and Television Service. He served tours of duty in Japan and Greece. Mr. Manson also served as an Air Force Intelligence Officer assigned to the Strategic Air Command. Mr. Manson’s commercial broadcast experience includes news management positions in Salinas, CA; Wilkes-Barre, PA and Peoria, IL. He has experience as a producer, executive producer and news director. He’s a multiple EMMY, AP and RTNDA award winner. Mr. Manson also has experience as an educator. He taught news writing and communications courses at Bradley University for four years.

Organization Position Status
Nexstar Broadcasting Group, Inc. Vice President, News Current
United States Air Force Air Force Intelligence Officer, Strategic Air Command Former

Organization Position Status
Secured Services, Inc. Chief Financial Officer Current
Nexstar Broadcasting Group, Inc. Vice President & Corporate Controller Current
MCI WorldCom Senior Vice President and Chief Financial officer Former
Cysive Chief Financial Officer Former
Lq Management Services, Inc. Vice President & Corporate Controller Former
KPMG International Manager Former
ExcellerateHRO Corporate Controller Former
Handysoft Corporation Former
Brigham Young University BS Former
Brigham Young University BS Former

Richard Stolpe has served as our Vice President, Director of Engineering since January 2000. Prior to that time, Mr. Stolpe served as Director of Engineering from 1998 to 2000. Prior to joining Nexstar, Mr. Stolpe was employed by WYOU from 1993-1998 as both Assistant Chief Engineer and Chief Engineer.

Organization Position Status
Nexstar Broadcasting Group, Inc. Vice President & Director, Engineering Current

Shirley E. Green has served as our Vice President-Finance since February 2001. Prior to that time, Ms. Green served as our Controller from 1997. Prior to joining Nexstar, Ms. Green was Business Manager at KOCB, Oklahoma City, Oklahoma, which was owned by Superior Communications Group, Inc.

Organization Position Status
Nexstar Broadcasting Group, Inc. Vice President, Finance Current

Organization Position Status
Nexstar Broadcasting Group, Inc. Vice President & Corp News Director Current

Organization Position Status
Nexstar Broadcasting Group, Inc. Board of Directors Current

Organization Position Status
ABRY Partners Inc. Vice President Current
Legendary Pictures Board of Directors Current
Brash Entertainment, LLC. Member of Board of Directors Current
Monitronics International, Inc. Board of Directors Current
Nexstar Broadcasting Group, Inc. Board of Directors Current
ABRY Partners Inc. Principal Former
Cornell University graduate Former

Organization Position Status
ABRY Partners Inc. Partner Current
Brash Entertainment, LLC. Member of Board of Directors Current
Nexstar Broadcasting Group, Inc. Board of Directors Current
Nch Capital Inc. Vice President Former
Nch Capital Inc. Investment Professional Former
ABRY Partners Inc. Principal Former
Billing Concepts, Inc. Director Former
Music Reports, Inc. Director Former
HealthPort Director Former
Country Road Communications, Inc Director Former
Monitronics Director Former
Harvard Business School MBA Former
Brown University graduated as a Bennett Scholar Former

Geoff Armstrong became a Director in November 2003. Mr. Armstrong is Chief Executive Officer of 310 Partners, a private investment firm. From March 1999 through September 2000, Mr. Armstrong was the Chief Financial Officer of AMFM, Inc., which was publicly traded on the New York Stock Exchange until it was purchased by Clear Channel Communications in September 2000. From June 1998 to February 1999, Mr. Armstrong was Chief Operating Officer and a director of Capstar Broadcasting Corporation, which merged with AMFM, Inc. in July 1999. Mr. Armstrong was a founder of SFX Broadcasting, which went public in 1993, and subsequently served as Chief Financial Officer, Chief Operating Officer, and a director until the company was sold in 1998 to AMFM. Mr. Armstrong has served as a director and the chairman of the audit committee of Radio One, Inc. since June 2001 and May 2002, respectively.

Organization Position Status
Nexstar Broadcasting Group, Inc. Board of Directors Current

I. Martin Pompadur became a Director in November 2003. In June of 1998, Mr. Pompadur joined News Corporation as Executive Vice President of News Corporation. President of News Corporation Eastern and Central Europe and a member of News Corporation's Executive Management Committee. In January 2000, Mr. Pompadur was appointed Chairman of News Corp Europe. Prior to joining News Corporation, Mr. Pompadur was president of RP Media Management and held executive positions at several other media companies. He currently sits on the Boards of BskyB, STream, Metromedia International, Premier World, Kirch Media, Linkshare, News Out of Home B.V., Balkan Bulgarian and RP Coffee Ventures.

Organization Position Status
Nexstar Broadcasting Group, Inc. Board of Directors Current

Jay M. Grossman has served as a director since 1997 and was our Vice President and Assistant Secretary from 1997 until March 2002. Mr. Grossman has been a Partner of ABRY since 1996. Prior to joining ABRY, Mr. Grossman was an investment banker specializing in media and entertainment at Kidder Peabody and at Prudential Securities. Mr. Grossman currently serves as a director (or the equivalent) of several private companies including Consolidated Theaters, Monitronics, TV Fanfare and WideOpenWest.

Organization Position Status
Nexstar Broadcasting Group, Inc. Board of Directors Current

Organization Position Status
Match.Com, L.P. Chief Financial Officer Current
Nexstar Broadcasting Group, Inc. Board of Directors Current
Frito-Lay, Inc. Director of Planning & Finance Former

Organization Position Status
Nexstar Broadcasting Group, Inc. Board of Directors Current

Organization Position Status
ABRY Partners Inc. Chief Executive Officer Current
ABRY Partners Inc. Board of Directors Current
Penton Media, Inc. Board of Directors Current
Nexstar Broadcasting Group, Inc. Board of Directors Current
Cast, Inc. Board of Directors Current
USA Mobility, Inc. Board of Directors Current
Muzak LLC Board of Directors Current
Bain & Company partner Former
ABRY Partners Inc. Owner Former
Metrocall, Inc. Director Former
Dartmouth College honors graduate Former
Harvard Business School graduated as a Baker Scholar Former

Organization Position Status
Banc of America Securities LLC Vice President Current
Banc of America Capital Investors Senior Associate Current
Banc of America Securities LLC Board of Directors Current
Cumulus Media Inc. Investor Current
Varsity Brands, Inc. Investor Current
Visionair Investor Current
Nexstar Broadcasting Group, Inc. Investor Current
Qantum Communications Corporation Investor Current
Davidson College B.A. In Economics Former

Organization Position Status
Banc of America Capital Investors Partner Current
Eurofresh Farms Inc Board of Directors Current
Banc of America Securities LLC Board of Directors Current
FleetPride, Inc. Board of Directors Current
Nexstar Broadcasting Group, Inc. Investor Current
Celanese Corporation Investor Current
Worldstrides member Current
Boston Proper, Inc. member Current
McKinsey & Company, Inc. consultant Former
Duke University, The Fuqua School of Business M.B.A Former
Duke University A.B. degree in chemistry and political science Former
Banc of America Capital Investors member Former

Trey is a founding partner of BACI, and oversees our investment activities in Media & Entertainment, Financial Services, and Retail. He currently serves on the boards of Cumulus Media, Inc. and Swett & Crawford Group. He also manages our investments in Nexstar Broadcasting Group, Inc., Univision Communications, Inc., Dallas Stars Hockey, L.P., Qantum Communications Corp, Paris Re Holdings, and Ceridian Corp. Trey also has experience investing in industrial, business services, communication services, consumer products, and technology. In addition to principal investing, he has originated, structured and managed transactions for middle market companies. Prior to BACI, he spent several years in corporate banking with a predecessor of Bank of America and held investment banking and capital markets positions at PaineWebber, Inc. Trey earned an M.B.A. from Columbia University and a B.A. from Vanderbilt University.

Organization Position Status
Banc of America Securities LLC Partner Current
Banc of America Capital Investors Partner Current
Swett & Crawford Group Inc. Board of Directors Current
Cumulus Media Inc. Board of Directors Current
Banc of America Securities LLC Board of Directors Current
Qantum Communications Corporation Investor Current
Nexstar Broadcasting Group, Inc. Investor Current
Cumulus Media Inc. member Current
PaineWebber, Inc. Investor Former
Columbia University M.B.A. Former
Vanderbilt University B.A. Former

Executive News

  • Nexstar Broadcasting Names CFO

    TradingMarkets - 7/21/09 - View Story

  • CFOs on the Move: Week Ending July 17

    CFO.com - 7/17/09 - View Story

  • NXST: Appointment of Thomas E. Carter as CFO

    TradingMarkets - 7/14/09 - View Story

  • BRIEF-Nexstar Broadcasting names CFO

    Forbes.com - 7/14/09 - View Story

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     NXST $3.07 +0.05 (1.66% )
Average Volume 42,791
Shares Outstanding 15.02M
Market Cap 46.1M
Year High 3.7399
Year Low 0.5
Earnings Per Share -1.23
P/E Ratio -2.50
Dividend N/A
Yield N/A
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