Company Directory - Nexstar Media, Inc.
Company Details - Nexstar Media, Inc.
Nexstar Media, Inc.
WebsiteIrving, USA
Nexstar Media Group is a media company that operates television stations and provides content across digital platforms, serving local audiences with news, information, and entertainment.
CCI Score
CCI Score: Nexstar Media, Inc.
41.05
-0.02%
Latest Event
Adoption of Code of Business Conduct at Nexstar Media, Inc.
Nexstar Media, Inc.'s Code of Business Conduct delineates comprehensive internal policies on ethical business practices and clear guidelines regarding relationships with public officials, ensuring compliance with laws and ethical standards. The document prohibits the use of corporate funds to influence political processes, demonstrating a commitment to political neutrality and ethical responsibility, though it leaves room for improvement in proactive measures.
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DISSENTER
Nexstar Media, Inc. is currently rated as a Dissenter.
Latest Events
- JAN012025
Nexstar Media, Inc.'s Code of Business Conduct delineates comprehensive internal policies on ethical business practices and clear guidelines regarding relationships with public officials, ensuring compliance with laws and ethical standards. The document prohibits the use of corporate funds to influence political processes, demonstrating a commitment to political neutrality and ethical responsibility, though it leaves room for improvement in proactive measures.
+70
Public and Political Behavior
March 23
The Code of Business Conduct emphasizes maintaining proper and transparent relationships with governmental authorities and clearly prohibits using company resources to unduly influence political processes. This demonstrates a commitment to keeping public and political behavior within ethical boundaries, although the measures remain largely reactive rather than proactively opposing authoritarian influence.
+75
Business Practices and Ethical Responsibility
March 23
The Code establishes robust standards for business practices and ethical responsibility, including stringent compliance with laws, conflict of interest avoidance, anti-discrimination policies, and clear procedures regarding confidentiality and insider information. This comprehensive set of guidelines reflects a positive stance against exploitative practices and supports a fair, transparent working environment, contributing favorably to opposition to authoritarian abuse.
- NOV072024
During its quarterly earnings call, Nexstar CEO Perry Sook announced plans to pursue consolidation deals amid an anticipated GOP-controlled government. By pushing for deregulation to compete with big tech, Nexstar is positioning itself to benefit from relaxed media ownership rules—a move that raises concerns about media consolidation, regulatory capture, and the erosion of democratic checks on authoritarian influence.
-60
Public and Political Behavior
March 23
Nexstar’s CEO, Perry Sook, outlined a political strategy that leverages an anticipated GOP majority to push for deregulation, effectively aligning the company with policies that could consolidate media power and support authoritarian preferences. This creates a concerning precedent for public and political behavior in the media landscape.
-20
Business Practices and Ethical Responsibility
March 23
The strategy to consolidate media assets under the banner of deregulation raises ethical concerns about the integrity of journalism and the diversity of voices in the media. Although presented as a competitive move against big tech, this approach potentially compromises journalistic standards and responsible business practices.
-50
Economic and Structural Influence
March 23
By advocating for deregulation and consolidation, Nexstar is strategically positioning itself to achieve a dominant economic role in the media market. This effort can lead to regulatory capture and significant market concentration, thereby reinforcing structures that favor authoritarian influence over democratic accountability.
- APR202024
Nexstar Media Group’s 2023 ESG Report underscores its commitment to ethical business practices, transparent governance, and unbiased journalism. The report details robust policies in labor rights, diversity, cybersecurity, and corporate conduct, positioning the company as a responsible media entity that supports democratic values and counters authoritarian tendencies.
+70
Public and Political Behavior
March 23
Under the Public and Political Behavior category, Nexstar demonstrates a strong commitment to unbiased, fact-based reporting and editorial independence. The ESG report emphasizes transparency and a robust framework to ensure political neutrality, crucial for resisting authoritarian misuse of media.
+80
Business Practices and Ethical Responsibility
March 23
In terms of Business Practices and Ethical Responsibility, the report highlights comprehensive initiatives including fair labor practices, diversity, equity and inclusion policies, and robust internal ethics measures. These proactive approaches indicate a strong ethical foundation that resists structures which could enable authoritarian exploitation.
+70
Technology and Services Impact
March 23
Under Technology and Services Impact, Nexstar’s report details significant measures in cybersecurity and data privacy protocols. These efforts protect consumer data and reinforce a commitment to using technology ethically rather than as a tool for repression or surveillance.
+65
Economic and Structural Influence
March 23
For Economic and Structural Influence, while Nexstar holds a substantial presence in the media landscape and wields considerable influence, it has institutionalized strong governance and operational ethics. Its emphasis on board independence and transparent decision-making mitigates risks of economic collaboration that could otherwise enable authoritarian agendas.
- FEB282024
Nexstar Media Group’s Board of Directors adopted a comprehensive Code of Ethics and Anti-Corruption Policy that mandates transparent disclosure and ethical conduct among its executives and board members. The policy, incorporated in filings with the SEC, underscores the company's commitment to ethical business practices and regulatory compliance.
+80
Business Practices and Ethical Responsibility
March 23
By implementing a robust Code of Ethics and Anti-Corruption Policy, Nexstar Media Group demonstrates its commitment to ethical business practices. The company's focus on transparency, conflict of interest management, and regulatory compliance is a positive step in countering systemic abuse and potentially hindering authoritarian influences. However, continued vigilance is necessary to ensure these policies effectively translate into practice.
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