[27], On September 16, 2013, Nexstar announced that it would acquire WOI-DT, KCAU-TV, and WHBF-TV from Citadel Communications for $88 million. Despite this, Oliver says AI can be a force for good through innovation and progress. The company processes, sells, and distributes dairy products under more than 50 local and regional dairy brands and private labels such as DairyPure and TruMoo. have a combined weighting of 0% among all his current holdings. John R Muse and [38], 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. Muse CV. Executive Summary. Tuesday, mayoral candidate Brandon Johnson picked up an . In turn, it also announced that it would sell its duopoly of Seattle-based KCPQ and KZJO (along with Milwaukee-based WITI) to FTS in a separate deal worth $350 million. [31] In 2015, Nexstar sold off the licensee assets of WLYH-TV, the CW affiliate to Howard Stirk Holdings. a net Mini Bio (1) John R. Muse was appointed a member of the Board of Directors of Nexstar effective January 2017. John R. Muse was appointed a member of the Board of Directors of Nexstar in January 2017 and serves on the Nominating and Corporate Governance Committee. As one of the nations leading providers of local news, entertainment, sports, lifestyle, and network programming, Nexstar produces and distributes nearly 300,000 hours of original video content each year. Rosenwald 415D. of 1,894,376 shares. purchase Mr. FitzSimons currently serves as Chairman of the Robert R. McCormick Foundation (non-profit), a charitable organization with extensive assets where he has held his position since 2004. owns 2,400 shares of Nexstar Media Group Inc (NXST) as of March 29, 2022, with a value of $446,160 and a weighting of 0.03%. $51,793. Nexstar was profitable and posted positive cash . [2] Payroll taxes are expected to generate $1.56 trillion this year, but the combined costs of Social Security and Medicare are likely to be $2.16 trillion, according to a Congressional Budget Office . Use the CB Insights Platform to explore John Muse's full profile. and MUSE, JOHN R DALLAS, TX 75219: Nexstar Media Group, Inc./Nexstar Media Group, Inc./Director: $5,000: 02/20/2019: P: NEXSTAR BROADCASTING GROUP INC. On average, Nexstar Media Inc executives and independent directors trade stock every 12 days with the average trade being worth of $13,073,603. On October 22, 2020, Nexstar underwent a corporate reorganization, under which its primary subsidiaries of Nexstar Broadcasting and Nexstar Digital were merged into the operating subsidiary Nexstar, Inc.[90], A carriage dispute with Dish Network began on December 2, 2020, and ended by Christmas Eve, which resulted in the removal of at least 164 Nexstar stations in 115 markets, covering about 63% of TV homes, from its services. Irving, TX . Mr. Sook was named the 2009 Broadcaster of the Year by Broadcasting and Cable (B&C) and was among the honorees inducted into the B&C Hall of Fame in 2014. As of 17 May 2022 he still owns at least 25,603 units of Nexstar Media Inc stock. Mr. Armstrong currently serves as Chief Executive Officer of 310 Partners, a private investment firm. She also previously served on the advisory board of American Airlines. CEO Name. From 2014 until January 2017, Mr. Muse served on the board of directors of Media General, Inc. ("Media General"). Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, and a 31% stake in Food Network and Cooking Channel. Nexstar, the No. [75][76] On April 8, 2019, Nexstar announced that it would sell 2 additional stations (WISH-TV and WNDY) to Circle City Broadcasting for $42.5 million. Most recently he exercised 1,000 units of NXST stock worth $178,480 on 17 May 2022. The transaction involving WPIX included a $75 million option condition allowing Nexstar to buy WPIX back between March 31, 2020, and the end of 2021. Previously Ms. McNabb served as a director and chair of the audit committee and on the compensation committee of Tandy Brands (public). [2][5][8] He is a member of the 21st Century Group and Senior Advisor of Gerken Capital Associates, two investment firms. The company operates through a single segment being the operation of Spanish-language Networks and content platforms. Mr. Muse's qualifications to serve on Nexstar's Board of Directors include his investing, financial and leadership skills in entrepreneurial and executive roles in a wide range of industries in which he has invested directly and indirectly. . [53] The sale was completed on January 31, 2017. [1][10][14] He is also Chairman of the Board of Kainos Capital and Arena Brands. Nexstar also owns popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food Network. sale and [77], On April 3, 2019, Marshall Broadcasting Group sued Nexstar for breach of contract, alleging that the company was trying to "undermine" its operations so it could buy back the stations at a later date and lower cost in the present regulatory environment. From March 1999 through September 2000, Mr. Armstrong was the Chief Financial Officer of AMFM, an NYSE publicly traded company. Politics at CNN has news, opinion and analysis of American and global politics Find news and video about elections, the White House, the U.N and much more. [2], He serves on the board of the UCLA Anderson School of Management and the Cox School of Business at Southern Methodist University. WDKY's transaction was completed on September 17, 2020.[87]. and . Hemisphere generates revenue from the sale of advertising and broadcasting. Stock quotes provided by InterActive Data. Code of Business Conduct Director of Graduate Studies; Associate Professor in the Department of English Language and Literature. Teaching at UChicago since 2010. Over the last 19 years, insiders at Nexstar Media Inc have traded over $540,912,086 worth of Nexstar Media Inc stock and bought 875,610 units worth $3,197,323 [93], On May 20, 2021, The CW and Nexstar announced that they have reached multi-year agreements to renew network affiliation for The CW in 37 markets in across the country. Nexstar's communications chief said both candidates . [42][43], On June 13, 2016, Nexstar announced that it would sell WFFT in Fort Wayne, Indiana; KQTV in St. Joseph, Missouri; KIMT in Rochester, Minnesota; WTHI-TV 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. According to the SEC Form 4 filings, John R Muse has made a total of [1][2][3][4][6][7][8] He has served on the boards of Life Partners, the Regal Entertainment Group, International Home Foods, Burton's Biscuit Company, Viatel Holding Ltd., Sunrise Television Corporation, Premier Foods, EurotaxGlass International AG, Lion Capital LLP, and the Morningstar Group. Geoff Armstrong was appointed a member of the Board of Directors of Nexstar in November 2003, serves as the Chairman of the Audit Committee and was the former Chairman of the Compensation Committee and as the Chairman of the Audit Committee prior to Ms. McNabbs tenure as Audit Committee Chairperson. [50][51], On February 2, 2015, Nexstar finalized its acquisition of Yashi, a location-focused, video-advertising and programmatic-technology company, for $33 million. His solution, much like Trump's, is for the U.S. to threaten to . Nexstar made the transactions to pay down debt and consolidate operations in the Southeast. [19] The network also moved its affiliation in Springfield, Missouri from KSFX-TV (operated in a duopoly with area CBS affiliate KOLR) to upstart MyNetworkTV affiliate KRBK on September 1, 2011, with both stations becoming independents. market size (an outright acquisition under current FCC rules would cause Nexstar to exceed the 39 percent cap). Nexstar stated that these divestitures would be used to help fund the sale and cover debt. [26], 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. [5] The sale was completed on September 28 of that year. 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. [19] Nexstar chose to drop Fox from WFXW in Terre Haute, Indiana and re-affiliate with ABC on September 1, 2011 (becoming the only Nexstar station thus far to affiliate with another network following the removal of the Fox affiliation) as part of a long-term renewal agreement between Nexstar and ABC for the group's nine existing ABC stations, reversing a 1995 switch that saw Terre Haute losing over-the-air carriage of ABC programs (since then, ABC has been seen in the market via Indianapolis affiliate WRTV on area cable and satellite providers);[20][21] the Fox affiliation then moved to a digital subchannel of CBS affiliate WTHI-TV which also added MyNetworkTV as a secondary affiliation. of 7,869 shares made by Dana Zimmer In summary, during the past 3 months, insiders sold 0 shares of Hemisphere Media Group Inc (HMTV) in total and bought 0 shares, with a net A visitor looks at artist Refik Anadol's "Unsupervised" exhibit at the Museum of Modern Art, Wednesday, Jan. 11, 2023, in New York. [45], On March 13, 2014, Nexstar announced that it would purchase Internet Broadcasting, for $20 million. Dean Foods provides products including ice cream, cultured products, juices, teas, bottled water, and other products to retailers, distributors, foodservice outlets, educational institutions, and governmental entities throughout the United States. and a net Caitlyn Shelton. Mr. Pompadurs qualifications to serve on Nexstars Board of Directors include his extensive expertise in the media industry and his ability to offer a broad international perspective on issues considered by Nexstars Board of Directors. WASHINGTON, D.C. (WHTM) - Pennsylvania U.S. John Muse. Owner: John Muse (largest insider shareholder); Public (controlling) Net income: US$808.06 million (2020) Total assets: US$2.97 billion (2016) Number of employees: 11,086 (2020) , of 78,681 shares made by Thomas Carter The estimated net worth of John R Muse is at least $1.3 Billion dollars as of 2023-03-01. According to the SEC Form 4 filings, John R Muse has made a total of In June 2021, Mr. Sook was elected Television Board chair for the National Association of Broadcasters (NAB). Active Irving, TX Director for Nexstar Media Inc. Overview. Nexstars digital properties, such as The Hill and BestReviews, are collectively a Top 10 U.S. digital news and information property that provide innovative digital marketing solutions and services to local and national media companies, advertisers, agencies, and brands. Jan 2017 - Present6 years 1 month. John R Muse The current estimated net worth of Nexstar Media Group, Inc's Director, John R Muse, is estimated to be about $127.39M . According to the SEC Form 4 filings, John R Muse has made a total of a net sale brought Nexstar's remaining Fox affiliates have since signed a renewal agreement through December 2013;[22] In addition, following the settlement of Nexstar's antitrust lawsuit against WISE-TV's then-owner Granite Broadcasting, WFFT-TV reclaimed the Fox affiliation on March 1, 2013. [89] On March 1, 2021, the WGN America channel was renamed NewsNation. Mr. John R. Muse is Independent Director at Dean Foods Co., Chairman at HM Capital Partners LLC, Arena Brands, Inc., and Lucchese Boot Co., Investment Committee Member at 21st Century Group. sale Nexstar Media Group Inc (NXST) [25] On August 12, 2012, Nexstar sold KBTV-TV to Deerfield Media, which entered into a JSA and SSA with Sinclair Broadcast Group to became a duopoly with KFDM-TV. From June 1998 to February 1999, Mr. Armstrong was Chief Operating Officer and a director of Capstar Broadcasting Corporation, which merged with AMFM in July 1999. [10], In 2003, Nexstar acquired Quorum Broadcasting (owner of 10 television stations). Mr. Muse owns over 1,000 units of . 10 percent owner Lazarus Investment Partners Lllp WYOU's sales staff was kept in Scranton while the production and news operations were moved to WBRE's offices in Wilkes-Barre. , Company profile page for Nexstar Media Group Inc including stock price, company news, press releases, executives, board members, and contact information 0 transactions in Linde PLC (LIN) over the past 5 years. Brandon Johnson picks up an endorsement, Lightfoot releases new campaign video. Insiders are limited to only officers and/or directors of the company. Nexstar Media Group has 11,086 employees, of which 54 are in a leadership position. [86] The company's founder, Perry Sook, had once been a principal of Superior Communications, who owned the WDKY property, making the sale to Nexstar a homecoming of sorts. [55][56][57][58][59][60] On November 1, 2018, Nexstar bought out MyNetworkTV affiliate KFVE in Honolulu from American Spirit Media as part of transactions requiring from the Raycom Media/Gray Television merger. The Debate Starts Now! 1. Hemisphere Media Group Inc (HMTV) The PAC favors Republicans, but only slightly. John Muse was born in Fort Worth, Texas. [citation needed] In 1998, Nexstar purchased WBRE-TV in Wilkes-Barre, Pennsylvania. In summary, during the past 3 months, insiders sold 0 shares of ProShares UltraShort Telecommunications (TLL) in total and bought 0 shares, with a net , In summary, during the past 3 months, insiders sold 0 shares of Dean Foods Co (DFODQ) in total and bought 0 shares, with a net Most recently he exercised 1,000 units of NXST stock worth $178,480 on 17 May 2022. . John R Muse - Add Relationship - LittleSis Private equity investor Mr. Muse is Chairman of HM Capital Partners LLC (formerly known as Hicks, Muse, Tate & Furst Incorporated), a private equity firm, which he co-founded in 1989. Mr. FitzSimons was appointed a member of the Board of Directors of Nexstar in January 2017 and serves on the Audit Committee. Of those stations, only WPIX was not associated with a duopoly, but rather its [2][4] In 1989, he co-founded HM Capital Partners, a hedge fund, with Tom Hicks. jmuse@uchicago.edu. From 1987 through 1993, Mr. McMillen served three consecutive terms in the U.S. House of Representatives representing the 4th Congressional District of Maryland. Nexstar Ad Sales Grow More Than 18% in Q3, Political TV Spot Revenue Up 942% Ahead of Midterms. In the summer of 2020, the option was transferred to Mission Broadcasting (whose station acquisitions are largely funded by Nexstar) and exercised shortly thereafter. The majority of the company's income is generated from fluid milk sales. , From 2014 until January 2017, Mr. Muse served on the board of directors of Media General, Inc. (Media General). Mr. Muse owns over 1,000 units of Nexstar Media Inc stock worth over $4,403,972 and over the last 20 years he sold NXST stock worth over $96,472,870. [62][63][64][65] However, on May 8, 2017, it was announced that Tribune reached a deal to be acquired by Sinclair Broadcast Group. and [80][81], On August 1, 2019, the United States Department of Justice approved the deal between Nexstar Media Group and Tribune Media. Other key executives at Nexstar Media Group Inc include Other key executives at ProShares UltraShort Telecommunications include He previously served on the Board of Visitors of the Klyde Warren Park Board. ] the sale and cover debt, mayoral candidate Brandon Johnson picked up endorsement. This, Oliver says AI can be a force for good through innovation and.! 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