KFDX Parent Company, Nexstar, Rings in 10 Years of Public Trading

Published 11/26 2013 01:56PM

Updated 11/26 2013 05:35PM

(New York, NY) -   Nexstar Broadcasting Group Inc. Chairman, President and CEO Perry Sook rang the opening bell at the NASDAQ in Times Square Tuesday morning to celebrate 10 years of trading as a public company.

Nexstar [NXST] was founded in 1996 in Scranton, Pennsylvania with the purchase of a single station and went public in November, 2003.  The company has grown to become one of the top 15 television broadcasters in the United States.

In the last two years, including acquisitions awaiting regulatory approval, Nexstar has acquired forty-nine television stations and two digital media companies totaling more than $826.2 million dollars, nearly doubling the size of it's portfolio.

"I think when you think about Nexstar we think of a company that has been successful reaching milestones. But it's not possible without the hard work of more than 3,000 employees.  And while Nexstar is the company name, we are really a collection of local businesses serving 20 states across the United States. At our very heart we are a local business that happens to be publicly traded," Sook said.

Since Nexstar's founding, the company has grown to a group of 102 stations across the country.

Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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