ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Nexstar to Expand Local News Operations Serving Washington, D.C., Northern Virginia and Maryland

WDVM-TV and WDCW-TV Will Occupy New State of the Art Newsroom and Studio; Combined Operation Will Offer 67+ Hours of Local News and be Known as “DC News Now”

Stations Will Launch New Newscasts, Expand Existing News, and Open Satellite News Bureaus in Hagerstown and Frederick, Maryland, and Chantilly, Virginia

Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that it will expand its local news operations serving Washington, D.C., Maryland, and Northern Virginia. The company plans to bring its two television stations currently serving the area, WDVM-TV (Ind) in Hagerstown, and WDCW-TV (CW) in Washington, D.C. (DMA #7), together at one central location in the nation’s capital. The new, combined operation will be known as “DC News Now.”

Both television stations will broadcast from a new state-of-the-art newsroom and studio currently under construction on Wisconsin Avenue while maintaining a significant presence in Maryland and Northern Virginia. The central newsgathering operation will be supported by three newly established satellite news bureaus in Hagerstown and Frederick, Maryland, and Chantilly, Virginia. Each new bureau will serve as an extended newsroom and studio for DC News Now, capable of live reporting and staffed with additional journalists who will provide even more local news coverage for the area.

The new facilities and expanded staff will establish a solid foundation from which WDVM-TV will launch a new nightly newscast at 9 p.m. ET, expand its existing morning news by one hour, and add a thirty-minute nightly sports highlight show at 11 p.m. ET. WDCW-TV will launch a new nightly newscast at 10 p.m. ET.

“This expansion is a clear demonstration of Nexstar’s unwavering commitment to local news and public service,” said Andrew Alford, President of Broadcasting for Nexstar Media Inc. “The demand for local news, weather, and information in Maryland and Northern Virginia, and in the immediate Washington, D.C., area has never been greater. We will be hiring more journalists and critical support personnel, significantly expanding our digital news capabilities, and building upon our strong legacy of providing high-quality local news to the communities we serve.”

Following the expansion, DC News Now will provide more than 67 hours of local news programming every week, covering more communities than any other local broadcaster serving Maryland, Northern Virginia and Washington, D.C. The ninth-largest DMA in the United States, Washington, D.C., has a population of more than six million and more than 2.3 million local television households.

“We are extremely excited about this expansion, particularly because it enables us to launch new newscasts while also establishing three new satellite news bureaus from which we can deliver live news directly from within local communities in Maryland and Northern Virginia,” said David Bangura, Vice President and General Manager of WDVM-TV and WDCW-TV. “These bureaus will give WDVM-TV and WDCW-TV a way of connecting to the community as never before.”

Veteran journalist and news management executive Ben Dobson has been named News Director of the expanded operation. He joins WDVM-TV/WDCW-TV from Boston, MA, where he has served as Vice President and News Director of New England Cable News (NECN), a 24-hour cable news network, NBC10 Boston and Telemundo Boston since 2018. During his tenure at NECN, Mr. Dobson transformed the network’s programming and audience reach by launching new newscasts, creating a digital streaming department, and driving a renewed emphasis on online content. Prior to Boston, Mr. Dobson was Vice President and News Director at WVIT-TV (NBC) in Hartford, CT, and before that held a series of news management roles of increasing responsibility in Boston and Hartford.

“Bringing these two television stations together, adding more news hours, and creating three locally-based satellite news bureaus to serve Washington, D.C., and parts of Maryland and Virginia, is a tremendous opportunity,” said Mr. Dobson. “We are building something from the ground up at a time when more and more viewers are turning to local news organizations as their primary source of information they can trust.”

About Nexstar Media Group, Inc.

Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content, including 283,000 hours of original video content each year. Nexstar owns America’s largest local broadcasting group comprised of top network affiliates, with 200 owned or partner stations in 116 U.S. markets reaching 212 million people. Nexstar’s television assets also include NewsNation, America’s fastest-growing national news and entertainment cable network reaching 75 million television homes, popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food Network. The Company’s portfolio of digital assets, including The Hill and BestReviews, are collectively a Top 10 U.S. digital news and information property. In addition to delivering exceptional content and service to our communities, Nexstar provides premium multiplatform advertising opportunities at scale for businesses and brands seeking to leverage the strong consumer engagement of our compelling content offering. For more information, please visit www.nexstar.tv

Contacts

Media Contact:

Gary Weitman

EVP & Chief Communication Officer

Nexstar Media Group, Inc.

972/373-8800 or gweitman@nexstar.tv

Investor Contact:

Joseph Jaffoni or Jennifer Neuman

JCIR, Inc.

212/835-8500 or nxst@jcir.com

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.