Nexstar Media Group (NASDAQ: NXST) has partnered with Fox Television Stations LLC (NASDAQ: FOXA) to launch NEXTGEN TV broadcasting. The revolutionary new digital broadcast technology will be available in Los Angeles, the second-largest TV market in the country. Three stations — KTTV-TV, KCOP-T and KTLA-TV — will become the first in the market to convert to the new tech, which is designed to provide viewers with better video and audio as well as increased news and entertainment choices and the ability to deploy interactive applications. NXST’s NEXTGEN TV should be available in 45% of the nation’s television households by the end of the year. The new tech offers consistemt volume across all channels, increased voice clarity, a high dynamic range (“HDR”), movie theater-quality sounds and enhanced internet content on demand. “This year alone, Nexstar has deployed ATSC 3.0 in 15 markets and more than two dozen stations across the country,” said Brett Jenkins, EVP and chief technology officer for Nexstar Media Group Inc. “Launching NEXTGEN TV in the nation’s second-largest market will provide a variety of immediate benefits for our Los Angeles area viewers and for KTLA 5. The brilliant video and vibrant audio delivered by NEXTGEN TV will be immediate and noticeable to our viewers. But along with these enhancements, KTLA 5 will be able to provide new experiences and services to advertisers and marketers, enabling the station to explore new business opportunities as it meets the challenges of today’s evolving digital world.”
To view the full press release, visit https://ibn.fm/qDU7c
About Nexstar Media Group Inc.
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Its wholly owned operating subsidiary, Nexstar Media Inc., consists of three divisions: broadcasting, digital and networks. The Broadcasting Division operates, programs or provides sales and other services to 199 television stations and related digital multicast signals reaching 116 markets or approximately 39% of all U.S. television households (reflecting the FCC’s UHF discount). The division’s portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and the CW. The Digital Division operates “Best Reviews,” “The Hill,” and 120 local websites and 284 mobile apps offering hyperlocal 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. The Networks Division operates “NewsNation,” formerly WGN America, a national news and entertainment cable network reaching 75 million television homes, multicast networks Antenna TV and Rewind TV, and WGN Radio in Chicago. Nexstar also owns a 31.3% ownership stake in TV Food Network, a top-tier cable asset. For more information about this company, please visit www.NexStar.tv.
NOTE TO INVESTORS: The latest news and updates relating to NXST are available in the company’s newsroom at https://ibn.fm/NXST
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