Company Directory - Nexstar Media Group, Inc.
Company Details - Nexstar Media Group, Inc.
Nexstar Media Group, Inc.
WebsiteIrving, United States
Nexstar Media Group, Inc. is a publicly traded American telecommunications conglomerate and the largest owner of television stations in the United States. The company operates a wide portfolio of local TV stations and associated digital and broadcast media properties, serving audiences across the nation.
CCI Score
CCI Score: Nexstar Media Group, Inc.
-35.33
0.03%
Latest Event
Nexstar Media Group Lobbying Activity in 2024
OpenSecrets data reports that Nexstar Media Group spent $450,000 on lobbying efforts in 2024, highlighting the corporation’s active engagement in influencing political processes.
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TOADIE
Nexstar Media Group, Inc. is currently rated as a Toadie.
Latest Events
- DEC312024
OpenSecrets data reports that Nexstar Media Group spent $450,000 on lobbying efforts in 2024, highlighting the corporation’s active engagement in influencing political processes.
-40
Political Contributions and Lobbying Efforts
March 29
Nexstar Media Group’s expenditure of $450,000 on lobbying efforts is indicative of its active involvement in political influence. From a left-leaning, anti-fascist perspective, such corporate lobbying is concerning as it may facilitate excessive influence over democratic processes and potentially favor policies that undermine workers' rights and broader public interests.
- AUG202024
Nexstar Media Inc. filed a lawsuit in the US District Court for the Northern District of Ohio on August 20, 2024, challenging the constitutionality of the National Labor Relations Board’s structure amid an ongoing unfair labor practice case. This move aims to block regulatory actions that serve as a safeguard for workers' rights.
-70
Labor Relations and Human Rights Practices
March 29
By suing the NLRB to block an unfair labor practice case, Nexstar appears to be undermining established labor protections. This action reflects a corporate stance that favors minimizing robust regulatory oversight intended to protect worker rights.
Nexstar Media Sues Over NLRB Constitutionality in Federal Court
-40
Regulatory Capture
March 29
The lawsuit challenges the legitimacy and structural foundations of a key regulatory body—the NLRB—which could diminish its oversight capabilities. This not only undermines protections for workers but also paves the way for increased corporate leverage over labor regulations.
Nexstar Media Sues Over NLRB Constitutionality in Federal Court
- MAR222024
The FCC imposed a $1.2 million fine on Nexstar Media Group and ordered the divestiture of WPIX-TV (or other stations) due to a local marketing agreement with Mission Broadcasting that allowed the company to exceed regulatory ownership limits.
-50
Public and Political Behavior
March 29
Nexstar's strategy to maintain control over WPIX by using a local marketing agreement challenges democratic norms and regulatory intent, thus undermining accountability in media governance.
-60
Business Practices and Ethical Responsibility
March 29
The use of complex local marketing agreements with Mission Broadcasting to bypass FCC ownership caps reflects questionable business ethics and a willingness to sidestep regulatory frameworks, negatively impacting media plurality.
-40
Economic and Structural Influence
March 29
Nexstar's actions have significant implications for media market structure and systemic power concentration, undermining competitive media landscapes and limiting community access to diverse viewpoints.
- FEB292024
Nexstar Media Group has filed a lawsuit against the FCC, arguing that the agency's updated ownership rules are riddled with legal errors and overreach. The company claims the rules violate the Administrative Procedure Act and Telecommunications Act, a move that critics argue could pave the way for increased media consolidation.
-70
Regulatory Capture
March 29
Nexstar’s lawsuit challenges regulatory safeguards meant to prevent excessive concentration of media power. By seeking to overturn rules designed to limit ownership consolidation, the company’s actions risk enabling greater corporate control over local media, undermining diversity and accountability. From an anti-fascist perspective, such a move is concerning as it can facilitate the accumulation of power by a single corporate entity.
- JAN012024
An OpenSecrets profile of Nexstar Media Group reveals that the company spent $1,170,000 on lobbying in 2024 and that all of its lobbyists in both 2023 and 2024 previously held government positions. These practices raise concerns about revolving door dynamics and undue influence on public policy.
-50
Political Contributions and Lobbying Efforts
March 29
The reported lobbying expenditure of $1,170,000 in 2024 indicates that Nexstar Media Group is actively engaging in political influence. This financial involvement with lobbying efforts is viewed negatively from an anti-fascist perspective due to the potential for such spending to be used to sway policy decisions in favor of entrenched power structures.
-60
Executive Political Engagement
March 29
All Nexstar lobbyists in 2023 and 2024 having previously held government positions demonstrates revolving door practices. Such a pattern raises red flags about conflicts of interest and the potential for corporate influence over public policy, aligning negatively with anti-fascist values of transparent and accountable governance.
- JUN012023
Nexstar Media Group, Inc. announced a reduction of approximately 260 local station employees as part of a streamlining effort aimed at reducing operating expenses. The announcement was made during the company's third-quarter earnings call, outlining plans to accelerate innovation but at the cost of significant job losses.
-40
Labor Relations and Human Rights Practices
March 29
The decision to cut around 260 local station employees undermines worker rights and fair labor practices. From an anti-fascist perspective, such cost-cutting measures prioritize corporate efficiency over the security and well-being of employees, reflecting a disregard for workers' rights during a period where protecting labor is crucial.
- NOV082022
Nexstar Media Group’s PAC donated a total of $377,500 to federal candidates during the 2021-2022 election cycle, reflecting significant corporate involvement in U.S. political financing.
-30
Political Contributions and Lobbying Efforts
March 29
Nexstar Media Group's PAC contribution of $377,500 to federal candidates raises concerns about the influence of corporate money on democratic processes. This level of political spending can enable undue corporate influence, potentially supporting entrenched power structures and policies that undermine worker rights and marginalized communities. Without transparency regarding which candidates benefit, such contributions may contribute to a political environment that favors authoritarian interests.
- JUL122021
The Ninth Circuit ruled on July 12, 2021 that Nexstar Media Group Inc. could not lawfully implement unilateral changes to scheduling and motor-vehicle policies for its unionized television station workers after its collective bargaining agreement expired, upholding the National Labor Relations Board's prior ruling and protecting the workers' right to bargain collectively.
-80
Labor Relations and Human Rights Practices
March 29
The company attempted to unilaterally alter work policies post the expiration of a collective bargaining agreement, undermining unionized workers' rights. The court ruling dismissing these changes signals a significant negative impact on labor relations and ethical business practices, marking the company's actions as exploitative and unfavorable from a worker rights perspective.
Nexstar's Post-Labor Pact Policy Changes Invalid, 9th Cir. Says
- DEC132018
Nexstar Media Group Inc. reached a settlement with the US Department of Justice over allegations of exchanging competitively sensitive information. Under the proposed settlement, Nexstar must cease these exchanges and implement rigorous antitrust compliance measures to prevent further anticompetitive conduct.
-70
Business Practices and Ethical Responsibility
March 29
The settlement highlights unethical business practices, as Nexstar engaged in the exchange of competitively sensitive information that undermines fair competition and harms consumers. This behavior reflects a significant breach of ethical business practices.
-30
Economic and Structural Influence
March 29
By engaging in anticompetitive information exchanges, Nexstar impacted market dynamics, facilitating conditions that undermine fair pricing and competitive practices. This behavior adversely affects the economic structure, further justifying a negative score.
- OCT262017
Nexstar Media Group, Inc. applauded the FCC's draft proposed rulemaking aimed at modernizing local media ownership rules. The company emphasized that updating outdated cross-ownership regulations would promote diversity, localism, and fair competition, ultimately supporting enhanced local news, job creation, and community service.
+80
Public and Political Behavior
March 29
Nexstar’s public endorsement of the FCC's modernization proposal highlights its commitment to diversity and localism in media. By supporting such regulatory change, the company helps counter the authoritarian tendencies of media consolidation, thus promoting a robust public sphere.
Nexstar Media Group Applauds FCC Proposed Action To Modernize Local Media Ownership Rules
+60
Economic and Structural Influence
March 29
By advocating for regulatory changes that aim to level the playing field against major conglomerates, Nexstar promotes competitive fairness and supports community-based journalism. This stance enhances economic and structural conditions in the media landscape, which aligns with anti-authoritarian principles.
Nexstar Media Group Applauds FCC Proposed Action To Modernize Local Media Ownership Rules
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