Median Employee Pay. [29] 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. [89] On March 1, 2021, the WGN America channel was renamed NewsNation. During the past 18 months, 0 shares of Hemisphere Media Group Inc (HMTV) were sold and 1,894,376 shares were bought by its insiders, resulting in a net During his career, he has been an active investor, principal and board member in companies in the cellular, paging, healthcare, motorcycle, environmental technology, broadcasting, real estate and insurance industries. Following the $7.1 billion accretive acquisition of Tribune Media and the $4.6 billion accretive acquisition of Media General, Nexstar Media Group, Inc. is the largest local broadcast television operator in the United States, with 200 stations reaching 116 markets, or more than 68% of all television households, and annual revenue in excess of $4.5 billion. by the start of October 2022, in order to complete the transaction; thus, Nexstar first took over operations of the network on August 15, with the transaction's full completion announced later on October 3. 1 owner of local TV stations in the U.S., posted record results in the fourth quarter as political ad spending drove a 25% increase in revenue to nearly $1.4 billion. Other recent insider transactions involving Hemisphere Media Group Inc (HMTV) include In 2020, Mr. Sook oversaw the launch of NewsNation, now Americas fastest growing cable news network, reaching 70 million television homes. Ms. Aulestia was appointed a member of the Board of Directors of Nexstar in January 2021 and serves on the Compensation Committee. and . EVP & Chief Revenue Officer Michael Strober Only the transactions in Open Market or Private Sale at the market prices are included. Profile", "Ex-Anchor Sues Over Her Firing Debbie Dunleavy Worked At Local TV Station From 1978 To 1996", "Nexstar Broadcasting Completes Acquisition of Quorum Broadcast Holdings", "Press Release of Nexstar Broadcasting Group, Inc", "Fox Inks New Affiliation Agreements, Scraps Others", "Fox Moves Afills In Springfield, Ft. Wayne", "Nexstar's WFXW Switching From Fox To ABC,", "Nexstar Drops Fox For ABC In Terre Haute", "Nexstar, Granite Settle Antitrust Lawsuit, Returning Fox Affiliation to Fort Wayne's WFFT", "Nexstar's WFFT Fort Wayne Back in Fox Fold", "Newport Sells 22 Station For $1 Billion", "Application For Consent To Assignment Of Broadcast Station Construction Permit Or License", "Nexstar, Mission Buy 19 Stations For $270M", "Nexstar to Acquire Citadel's Iowa Stations for $88 Million", "Nexstar buys WOI, other Citadel TV stations in Iowa", "Nexstar to Acquire Seven Grant Stations For $87.5 Million", "Application For Consent To Assignment Of Broadcast Station Construction Permit Or License (KVMY)", "Nexstar Offers $4.1 Billion For Media General", "UPDATE 3-Broadcaster Nexstar offers to buy Media General in $4.1 bln deal", "Nexstar Broadcasting Proposes To Acquire Media General Nexstar Broadcasting", "Nexstar Offers to Buy Media General for $1.85 Billion", "Business: Washington Post Business Page, Business News", "Media General Rejects Nexstar's $1.9B Offer, But Agrees To Talk", "Nexstar-Media General: It's A Done Deal", "Nexstar Clinches Deal to Acquire Media General", "Nexstar Selling Five Stations in Four Markets", "Gray Buying Two Nexstar Spinoffs For $270M", "Gray Buys Nexstar Stations in Green Bay, Davenport", "Prather Buys 5 TVs From Nexstar-Media Gen", "Nexstar Broadcasting Group Completes Acquisition of Media General Creating Nexstar Media Group, The Nation's Second Largest Television Broadcaster", "Fox Stations Moving to WorldNow Platforms", "Nexstar Rolls Up Its 3 CMS Units Into Lakana", "Nexstar Buys Internet Broadcasting Systems", "Nexstar Broadcasting Acquires Yashi, Leading Local Digital Video Advertising and Programmatic Technology Company, for $33 Million in Accretive Transaction", "Nexstar Broadcasting Enters Into Definitive Agreements to Acquire Two Stations in Accretive Transactions for $19.45 Million", "Local TV stations connected after purchase", "Nexstar's Goes For Three In Ozark's Queen City", "Station Trading Roundup: 1 Deal, $16.5M", "Nexstar Announces Acquisition of Two Stations for $19.45 Million", "Possible Bidding War Emerges for Tribune Media", "In Fox Bid for Tribune, a Return to Erratic Murdoch Deal Making", "21st Century Fox and Blackstone Said to Be Interested in Buying Tribune Media", "Reports: Fox News owner joins race to buy Tribune Media", "Sinclair Broadcast to buy Tribune Media in $3.9 billion deal", "Report: Nexstar may eye bid for Tegna in stations buyout", "Bidding War for Tribune Media Taking Shape", "Nexstar is leading bidder for TV-station giant Tribune Media", "Nexstar Reaches Deal to Buy Tribune Media for $4.1 Billion", "Nexstar Announces Deal To Buy Tribune for $6.4B", "Nexstar to buy Tribune Media, becoming the largest US TV station operator", "Nexstar Confirms $4.1B Tribune Media Acquisition To Become Leading Local TV Station Owner", "Scripps, Tegna to Buy 19 Nexstar Stations", "Nexstar Sells Off TV Stations Worth $1.3B, Including New York's WPIX", "Indianapolis native buys WISH-TV and WNDY-TV for $42.5 million", "Marshall Broadcasting Group claims Nexstar 'undermined' prospects in new suit", "Nexstar Accused of Sabotaging Black-Owned TV Station Group", "Nexstar stations blacked out on AT&T DirecTV and U-verse amid contract dispute", "AT&T And Nexstar Settle Carriage Dispute That Blacked Out Stations In 97 Markets", "Justice Department approves Nexstar deal for Tribune Media", "Tribune Media - Nexstar merger one step closer after DOJ approval", "Tribune Media sale to Nexstar approved by FCC; WGN-Ch. Mr. Pompadur currently serves as a member of the board of directors of Chicken Soup for the Soul Entertainment (NASDAQ: CSSE), Director of Troika Media Group, Inc. (NASDAQ: TRKA), Director of Golden Falcon Acquisition Corp. (NYSE: GFX), Chairman of Metan Global Entertainment (private), and Director of RP Coffee Ventures (private). , Nexstar's offer was seen by analysts as a maneuver to torpedo the merger of Media General with Meredith Corporation (announced on September 8). [15], On March 20, 2009, Nexstar operated television stations that were owned by Four Points Media Group through an outsourcing agreement. From 1987 through 1993, Mr. McMillen served three consecutive terms in the U.S. House of Representatives representing the 4th Congressional District of Maryland. [5][7] Nexstar founder Perry Sook said that WYOU would be Nexstar's flagship station, keeping an office off the newsroom for years. Mr. FitzSimons was appointed a member of the Board of Directors of Nexstar in January 2017 and serves on the Audit Committee. Hemisphere Media Group Inc (HMTV)'s detailed insider trading history can be found in Insider Trading Tracker table. To be detailed, the average return of stocks after 3 months bought by John R Muse is 8.48%. 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. I. Martin Pompadur Director Of those stations, only WPIX was not associated with a duopoly, but rather its CEO Name. In 2022, Mr. Sook spearheaded Nexstars 75% investment in The CW Network, Americas fifth major broadcast network. WYOU's sales staff was kept in Scranton while the production and news operations were moved to WBRE's offices in Wilkes-Barre. Dean Foods Co (DFODQ) 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 . Nexstar Broadcasting Group logo (19962006), Nexstar Broadcasting Group logo (20062017), 20112013: Retransmission consent dispute with Fox, List of stations owned or operated by Nexstar Media Group, "Nexstar Media Group, Inc. (NXST) Ownership Summary", "Local TV Stations Cut Costs by Sharing News Operations", "Nexstar Broadcasting Group, Inc. He is also on the board of directors of CSM Bakery Solutions (private) and from 2014 until January 2017, served on the board of directors of Media General (formerly public), which Nexstar acquired in 2017. John R Muse is [1][2][3][4][5][6][7][8][9][10][11], John Muse was born in Fort Worth, Texas. Other transactions such as conversion of derivative security or exercise of options are not included. You might contact John R Muse via mailing address: 2100 Mckinney Avenue, Suite 1600, Dallas Tx 75201. The most active insiders traders include Royce Yudroff, Broadcast Partners Iii Lp Abry, and Broadcast Partners Ii L P Abry. Over the past 18 months, . 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. [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. [84], On November 5, 2019, it was announced that Nexstar would acquire Fox Television Stations-owned WJZY and MyNetworkTV outlet WMYT-TV in Charlotte, North Carolina for $45 million. The providers were merged to form Lakana, led by former ETG CEO Phillip Hyun. Nexstar subsequently struck a deal with Fox to sell its stations in Seattle and Milwaukee and acquire Fox's Charlotte, North Carolina, stations. Education . His philanthropic interests in education, community and human services have inspired him to serve on the Board of Visitors for the UCLA Anderson School of Management. Nexstar also owns a 31.3% ownership stake in TV Food Network, a top tier cable asset. Other key executives at ProShares UltraShort Telecommunications include [44], The transaction was approved by the FCC on January 11, 2017, and the sale was completed on January 17. John Muse was born in Fort Worth, Texas. owns 3,206,424 shares of Linde PLC (LIN) as of August 7, 2013, with a value of $1.1 Billion and a weighting of 84.26000000000001%. Mr. Muse also serves on the Board of Visitors of the UCLA Anderson School of Management. If you have Verizon Fios TV as your cable provider, you may run into issues trying to watch Tuesday's highly anticipated Pennsylvania Senate debate between John Fetterman and Mehmet Oz. 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 division's portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. The most recent stock trade was executed by Perry A Sook on 15 January 2023, trading 213,541 units of NXST stock currently worth $39,169,826. [41] On June 3, 2016, it was announced that Nexstar would spinoff WBAY-TV in Green Bay, Wisconsin and KWQC-TV in Davenport, Iowa to Gray Television for $270 million. John Muse, born and bred Texan and current Chairman of Lucchese Bootmaker, became interested in polo when he moved to England for business in 1998. , Nexstar was profitable and posted positive cash . Lyd loistavia tarjouksia lhelt suosittuja nhtvyyksi ja tekemist East District naapurustossa Tainan, Taiwanin alueella. 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. "The fact is there are other much more immediate dangers and opportunities that we really need to start talking about," Oliver said. Insiders are limited to only officers and/or directors of the company. ABRY helped found Nexstar alongside Perry Sook in 1996 and fully exited its ownership position in the Company in 2013. of 0 shares. [67], On November 14, 2018, after Tribune cancelled its proposed sale to Sinclair, it was reported that Nexstar was a leading bidder to acquire Tribune. The company also accused Nexstar of using the divestiture of stations to a minority-owned broadcaster as a token to gain FCC approval for the associated acquisitions. have a combined weighting of 0% among all his current holdings. CEO Pay Ratio. [88] The program launched September 1, 2020. 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) We will update John Muse's religion & political views in this article. Mr. Teaching at UChicago since 2010. Most recently he exercised 1,000 units of NXST stock worth $178,480 on 17 May 2022. . [61], On April 30, 2017, The Wall Street Journal reported that there were competing bids for Tribune Media from Nexstar and a partnership between 21st Century Fox and private equity firm Blackstone Group. The current estimated net worth of Nexstar Media Group, Inc's Director, John R Muse, is estimated to be about $127.39M . Nexstar planned to divest some stations and "non-core" assets as part of the merger. Politics is big money for Nexstar, which posted record revenues in 2020 driven by political ad spending across the company's local media outlets. Use the CB Insights Platform to explore John Muse's full profile. [2][5][8] He is a member of the 21st Century Group and Senior Advisor of Gerken Capital Associates, two investment firms. Locations. Nexstar immediately took over the stations' operations through a time brokerage agreement. owns 10,174,110 shares of Media General Inc (MEG) as of June 15, 2016, with a value of $208 Million and a weighting of 15.7%. [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. sale There are 12 executives at Nexstar Media Inc getting paid more, with PerrySook having the highest compensation of $16,365,700. The purchase prices were between $60.4 and $73.15, with an estimated average price of $66.98. John R Muse WASHINGTON, D.C. (WHTM) - Pennsylvania U.S. The most-recent trade in Nexstar Media Group Inc is the Enjoy a 7-Day Free Trial Thru Mar 08, 2023! The deal did not require regulatory approval, but had to perform financial closure conditions at the company's fiscal third quarter, i.e. Nexstar, the No. With a net worth of $187 billion, he's surpassed Bernard Arnault, the CEO of . [100], A new digital subchannel network, Rewind TV, was launched on September 1, 2021, featuring classic TV shows from the 1980s and 1990s.[101][102]. , a net John R Muse around $22 Million. I work across periods, from ancient to digital, but with . John Muse is the director of HM Capital Partners. [30] The sale was completed on December 1, 2014. the Director of Nexstar Media Group Inc and owns about 2,400 shares of Nexstar Media Group Inc (NXST) stock worth over $446,160. It owns and operates several Spanish-language networks and content production platform, including movie and telenovela channels, Hispanic entertainment genres, and the cable television networks. Nexstar is the largest television station owner/operator in the United States, with 199 stations in 116 markets. [11][12][13] Also that year, it purchased KARK-TV and WDHN-TV from Morris Multimedia. [52] On November 17, 2015, Nexstar announced its intent to purchase West Virginia Media Holdings' stations (WOWK-TV in Charleston, WBOY-TV in Clarksburg, WVNS-TV in Ghent, and WTRF-TV in Wheeling) for $130 million. sale Mr. McMillen currently serves as the President and Chief Executive Officer of the LEAD1 Association (formerly the DIA Athletic Directors Association). , Mr. Muse was appointed a member of the Board of Directors of Nexstar effective January 2017. 0 transactions in Media General Inc (MEG) over the past 5 years. Mr. Grossman currently serves as Managing Partner and Co-Chief Executive Officer at ABRY Partners, LLC (ABRY), a private equity fund focused on media, communications, business and information services, which he joined in 1996. Mr. Pompadur served as Global Vice Chairman, Media and Entertainment at Macquarie Capital from 2009 to 2016. Brandon Johnson picks up an endorsement, Lightfoot releases new campaign video. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership, ProShares UltraShort Telecommunications (TLL). and As of 17 May 2022 he still owns at least 25,603 units of Nexstar Media Inc stock. Then, in 2021, Nexstar nabbed political news . Associate Professor. There are 1 older and 25 younger executives at Nexstar Media Inc. [33][34][35][36][37] On November 16, Media General rejected the offer but agreed to negotiate after concluding its merge with Meredith. Gurus may be added or dropped from the GuruFocus site at any time. Based on media industry reports, Nexstar would reportedly assume "a significant portion" of the network's current losses. Charter of the Nominating & Governance Committee 1,211,478 shares on June 15, 2016, which The requirement for fairness and transparency in government is not #debatable! in Engineering Management from the United States Air Force Academy and his M.B.A. from the University of California, Los Angeles. The current estimated net worth of Nexstar Media Group, Inc's Director, John Muse, is estimated to be about $127.46M . John Muse - $17,325 in Political Contributions for 2020, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . sale 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. 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. Concurrent with and prior to that, Mr. FitzSimons spent 25 years with the Tribune Company, a predecessor company of Tribune Media Company which Nexstar acquired in 2019, most recently serving as the Chief Executive Officer and board member of Tribune Company from 2003 to 2007 and as Chairman of the board of directors from 2004 to 2007. 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 [54], On August 1, 2018, Nexstar bought out KRBK in Springfield from Koplar Communications for $16.45 million, and also bought out WHDF in Huntsville from Lockwood Broadcast Group for $2.25 million. [1][2][3][4][5][6][7][8][9][10] He moved to London in 1998 to expand the hedge fund in the European market. Nexstar CEO Perry A. Sook is an alumnus of WOWK. The deal also included contingent value rights for Media General shareholders if it sold spectrum from its stations during the FCC's spectrum incentive auction. He is also on the board of directors of Dean Foods (public) and CSM Bakery Solutions (private). Among these stocks, John Muse Portfolio Investments, John Muse Funds, John Muse Exits Democratic candidate Lt. Gov. CHICAGO It's crunch time on the campaign trail. Hosting a debate for the "benefit" of voters or the general "public good" is a great idea, but the "debate" being . In 2017, Ms. McNabb was interim Chief Financial Officer for Illuminate Education and from 2012 to 2015 was Founder of DigiWorksCorp, a digital and data analytics SaaS company for retail and enterprise companies. Prior to that, she was Executive Vice President, Domestic Network & Digital Distribution at HBO from 2013 2015 and Senior Vice President, Domestic Network & Digital Distribution at HBO from 2009 2013. Details can be seen in John R Muse's Latest Holdings Summary section. His service on the boards of public companies allows him to offer a broad perspective on corporate governance, risk management and operating issues facing corporations today. Click here to see the complete history of John R Muses form 4 insider trades. New CW network owner Nexstar reported its third-quarter 2022 earnings Tuesday before the bell . of 870,222 shares made by Fine Capital Partners, L.p. EVP & Chief Financial Officer Lee Ann Gliha Mr. McMillen was appointed a member of the Board of Directors of Nexstar in July 2014 and serves on the Nominating and Corporate Governance Committee. Facebook gives people the power to share. The most-recent trade in Media General Inc is the [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. KCAU continued to use Citadel's standardized news sets, graphics and logos. [9] They live in a US$50 million mansion in Highland Park, Texas (a suburb of Dallas, Texas). Jay M. Grossman was appointed a member of the Board of Directors of Nexstar in 1997 and serves on the Compensation Committee. $2,449,398. Oz and Fetterman will face off at 8 p.m. Tuesday in Harrisburg in the first and only debate ahead of the Nov. 8 general election. Gender Male Specialties Internal Medicine. John R Muse made Last edited on 24 September 2022, at 17:40, UCLA Anderson Continues Celebrating 75 Years of Business Beyond Usual, Business Partner Says Co-Founder of Tom Hicks' Private Equity Firm Screwed Him Over, The 100 Most Expensive Homes in Dallas 2009, https://en.wikipedia.org/w/index.php?title=John_Muse_(businessman)&oldid=1112101580, This page was last edited on 24 September 2022, at 17:40. The Digital Division operates 122 local websites and 316 mobile apps offering hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content and creating new revenue opportunities for the company. [28] 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. Texas voters have more than two choices on the ballot for governor in 2018, but Nexstar Media Group, Inc. and their chosen two candidates do not want Texans to know this!! 9 no longer Chicago's very own", "Sinclair Pays Nexstar $60M, Some Assets, to Settle Tribune Suit", "Nexstar to Launch National Primetime Newscast on WGN America", "WGN America Launches Primetime Newscast With A Promise: Just The Facts", "Dish Network customers lose Nexstar's local TV stations in 115 markets over failed negotiations", "DISH And Nexstar Announce Multi-year Carriage Deal, Restores Local Nexstar Stations On DISH", "Irving-based Nexstar to buy product review site BestReviews from Tribune Publishing for $160 million", "The CW Renews Agreement With Top Affiliate Nexstar Media Group", "WarnerMedia and ViacomCBS Are Exploring Possible Sale of CW Network", "WSJ News Exclusive | Nexstar Nears Deal to Acquire Majority Control of CW Network", "(Comicbook.com) The CW: Nexstar Reportedly Closing Deal For Majority Control of Network", "The CW: Nexstar Reportedly Closing Deal For Majority Control of Network", "The CW Poised To Get New Corporate Home As Nexstar Confirms Plan For 75% Ownership Stake; Mark Pedowitz To Remain CEO", "Nexstar Media Buys Political News Hub, The Hill, For $130 Million", "Nexstar to Launch Rewind TV, Digital Channel Airing Classics", "Nexstar Media Inc. to Launch "Rewind TV" on September 1", sorted by primary channel network affiliations, https://en.wikipedia.org/w/index.php?title=Nexstar_Media_Group&oldid=1130929452, Television broadcasting companies of the United States, Articles with unsourced statements from June 2017, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Nexstar Broadcasting Group, Inc. (19962017), This page was last edited on 1 January 2023, at 18:06. All Rights Reserved. John Muse is an American businessman, polo player and philanthropist. [50][51], On February 2, 2015, Nexstar finalized its acquisition of Yashi, a location-focused, video-advertising and programmatic-technology company, for $33 million. The estimated Net Worth of John R Muse is at least $101 Million dollars as of 17 May 2022. In summary, during the past 3 months, insiders sold 12,500 shares of Nexstar Media Group Inc (NXST) in total and bought 0 shares, with a net In late August, as confirmation to another WSJ report made last June, Nexstar announced that it has "entered a definitive agreement" to acquire 75% ownership in the network, while its current owners Paramount and Warner Bros. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. John Fetterman and Republican Pennsylvania Senate candidate Dr. Mehmet Oz shake hands prior to the Nexstar Pennsylvania Senate at WHTM abc27 in Harrisburg, Pa., on .
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