Nexstar Media Group has agreed to acquire Tribune Media for about $4.1 billion, Reuters reported Sunday, citing sources familiar with the matter.The acquisition would make Nexstar the largest To break up the bleakness, they mix in stories about local acts of charity. Like its slightly smaller rival, Sinclair Broadcast Group, Nexstar produces content that can be played on multiple stations across. Dan Abrams and Chris Cuomo at the NewsNation studio in New York. Despite strong-arming traditional pay TV companies and forging new agreements with streaming services, Nexstar has yet to see a return on that investment even after it reduced NewsNations news hours from three to two and launched two new current affairs programs in their place. All plans give access to our growing exclusive content! The two cover an enormous radiusoften driving multiple hours to cover a storyand usually write between two and four pieces a day, mostly related to migration. This year, Nexstar can also count on election ad spending, which is a key component of nearly every television companys revenue. WTNH staff described problems long familiar to local journalists across the country: too few reporters and too-quick turnarounds. Ranking the media from liberal to conservative, based on their audiences. In general, they report news factually and with minimal bias. And regardless of how much an individual station manager personally values accountability reporting, in the end that manager is tasked with keeping the station profitable, which means running more hours of news programming with a lean staff, making it much more difficult for a reporter to spend two months setting up a necessary interview with a government official. And whats happening? Much of the reason news companies seek to buy up stations is to increase revenue from retransmission fees: charges to cable and satellite companies for permission to air local content. According to Open Secrets, Nexstar Media group gave more money to Republicans in the 2018 election cycle (45% to Democrats, 55% to Republicans). Ad-Free Sign up Members of the NewsNation staff were also upset upon learning that Bill Shine, a former longtime top executive at conservative-leaning Fox News, was employed by Nexstar. Even Sinclair Broadcast Group, which had run into criticism for a conservative bent in local newscast commentary, is launching what it calls a fact-based morning headline news service early next year. Nexstar executives declined a request to discuss recent internal moves at NewsNation and issued a statement defending the stations position. While Nexstars corporate management has figured out how to make the company profitableamass power in retransmission negotiationsthey are no different from newsrooms anywhere in that they havent made this kind of reporting profitable. Producers and writers with experience at Fox News, CNN and MSNBC came on board earlier this year to work on Donlons new program. Traffic/Popularity: High Traffic Feel free to distribute or cite this material, but please credit OpenSecrets. *Based on data released by the Federal Election Commission on April 01, 2021 except for independent expenditure and communication cost, contributions to federal candidates, and contributions from individual donor data, which were released by the Federal Election Commission on March 22, 2021. Revenue is generated through advertising. In a dissenting opinion, Commissioner Jessica Rosenworcel called the new policy bureaucratic and cruel. She wrote, It perversely means that the public will have fewer opportunities to comment on the use of the public airwaves.. The channel was created in response to the growing demand for ideological diversity in the cable news landscape. In the first case, Biden v. Nebraska, majority of the justices appeared skeptical that Congress gave clear enough authorization for the Biden administration to forgive billions [] Broadcasters that control a large share of the market have an advantage when negotiating with cable companies and are able to raise their fees, which customers absorb through increased cable rates. Using the resources of its local TV news operations, the company launched a prime-time newscast, NewsNation Prime, in September on its cable outlet WGN America a nationally distributed network available in 75 million homes with plans to expand it to a full-time news service. The founder, chairman, president, and CEO of Nexstar is Perry A. Sook. The company runs a corporate political action committee that has donated to dozens of congressional Democrats and Republicans across the ideological map. , which features local businesses that have paid the station to appear. Their bread and butter is traffic and weather. DC The Nexstar Media Group was founded as the Nexstar Broadcasting Group on June 17, 1996, initially backed by ABRY Partners. WGN America has set the anchor team for the nightly three-hour newscast that is coming to the primetime lineup of Nexstar Media Group's cable network as of Sept. 1. Nexstar executives believed they had to drastically change WGN America after it was acquired as part of its $4.1-billion deal for Tribune Broadcastings TV stations. In 2019, when Nexstar was seeking FCC permission to acquire Tribune, public interest groups including Common Cause filed a petition arguing that the merger would give Nexstar monopoly-like control, enabling it to keep raising retransmission fees. I like to say that were as far to the left as the right will go and as far to the right as the left will go, Jimmy Finkelstein, who took a controlling stake in The Hill in 2014, said in an interview. These sources have minimal bias and use very few loaded words (wording that attempts to influence an audience by appeals to emotion or stereotypes). Butthe piece also included this soundbite from Bensman: Citation Nexstar had a strong year financially, reporting free cash flow of $1.3 billion in 2020, a 100% increase over 2018; TV stations typically see a boon from political advertising in election years. The FCC agreed, and in their final decision allowing the merger they went a step further and enshrined a new policy that restricts public opposition to future mergers. The network also hired Ashleigh Banfield, a veteran of CNN and MSNBC, to host a nightly newsmaker interview program at 10 p.m. Eastern. The executives added that the deal would make Nexstar the fourth largest digital news property in the United States, ahead of Fox, ABC, CBS, The New York Times and BuzzFeed.. FROM THE MAGAZINE: Coping with the inundation of news online, TOP IMAGE: Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images, The unfolding crisis has shown local news outlets to be indispensablejust as it has threatened their survival. Ron DeSantis by 15 points among Republican presidential primary voters is the latest cause for heartburn among Senate . 20005. Sook has declared that Nexstar has the largest news gathering organization in the country, and staff at the corporate headquarters, in Irving, Texas, refer to their vast network as the Nexstar Nation.. Obviously, increasing awareness is Job One for us, Sook told analysts in February. Lyons' departure was announced by Nexstar CEO Perry Sook, according to Robert Feder, who writes about the Chicago media business. The guiding principle that Nexstar passes down to station managerscommitment to localismis amorphous and lackluster in contrast to the. In the spring of 2019, Sook and Timothy Busch, Nexstars president, were visiting a Nexstar station in El Paso when they realized that Nexstars local focus, numerous stations, and nonpartisan lens meant it was uniquely positioned to produce and aggregate stories from the southern border. AccordingtoOpen Secrets, Nexstar Media group gave more money to Republicans in the 2018 election cycle (45% to Democrats, 55% to Republicans); however, in 2020, they gave more to Democrats. These are the most credible media sources. The reporting is factual and usually sourced. For her to walk away is a big deal.. The two cover an enormous radiusoften driving multiple hours to cover a storyand usually write between two and four pieces a day, mostly related to migration. The Hill is owned by Nexstar Media Group, the country's largest television station owner, which purchased the publication in 2021. Pew has basically taken the average viewer/consumer of all of these media outlets and plotted them on a continuum, trying to ascertain which outlets are favored bywhich side of the political spectrum. Several recipients of Nexstar donations, including Sens. This spring, WTNH added even more hours of news programming, likely in a move to increase revenue. Notably, he was a proponent of the family separation policy under the Trump administration. In 2018, a high-stakes midterm year, political advertising accounted for roughly 19 percent of Nexstars total $1.3 billion in ad revenue, in large part because the company owns stations in swing districts and states across the country. Nexstar is increasingly producing content that will be aired across multiple stations in a regiona plan that has both benefits and drawbacks for the public. However, their specific coverage of Coronavirus and race relations in America indicate a leftward lean with story selection. Nexstar has also hired lobbyists to exert influence in Congress and at the FCC while simultaneously expanding its DC bureau, where its news staff covers Congress. The program bears the name of Joe Donlon, the broadcast journalist who just a few months earlier had been accused of the cringe worthy interview with Trump. Legal experts weigh in, ChatGPT who? On April 19, the company announced the signing of Adrienne Bankert, a former national correspondent for ABC News. Support MBFC Donations But after eight months on the air, NewsNation has been plagued by minuscule ratings and internal strife over allegations of meddling in news coverage. It is this experience, as much as geography, that varies across the Nexstar Nation. Support MBFC Donations Nexstar, based in Irving, Texas, became the countrys largest local TV operator when it acquired Tribune Media in 2018 in a $4.1 billion deal, gaining 42 television stations and a cable network. In 2018, a high-stakes midterm year, political advertising accounted for roughly, 19 percent of Nexstars total $1.3 billion in ad revenue. But even liberals watch Fox. He is based in Northern California. 01/22/21 10:32 AM EST, Nexstar Media cited a group founded by a white nationalist and eugenicist to discuss immigration policy, airing it on at least 24 local news stations, From the February 16, 2021,edition of WLNS, East Palestine reveals how right-wing media has continued to poison citizen journalism, Newsmax guest: There's onlythree races - [Mongoloid], Caucasoid, and Negroid, Fox Corp. CEO Lachlan Murdoch insisted the network cover a proto-Jan. 6 rally more favorably: This is a huge celebration of the president., Chris Hayes: Dominion filing proves Mike Lindells money is worth more to Fox than the truth, Listen to a radio caller confront Sean Hannity over Dominion filings showing that Fox News lies for profit, Local news outlets at the U.S.-Mexico border frequently cite nativist anti-immigrant groups in reporting on immigration, The AP repeatedly cited nativist groups with ties to white nationalism in articles on immigration, Local and national media outlets are citing anti-immigrant extremist groups to discuss Bidens immigration plan. Lyons did not respond to a request for comment. Photo courtesy Nexstar Media. But the programs topics such as NBA star LeBron James tweet about the Columbus, Ohio, police shooting of a Black teenage girl who was allegedly wielding a knife often hit on conservative-media talking points. A Nexstar source noted that with the rise of far-right outlets such as Newsmax and One America Network, there's heightened competition for the conservative demo beyond Fox News. Conservative justices stress price tag of debt relief. Then, late last year, Nexstar finalized an acquisition of Tribune Media for $7.2 billion, a figure that, includes the assumption of Tribunes debt, The deal sealed the companys dominance over Sinclair, which had tried to purchase Tribune in 2018 but failed to get support from the FCC. Here are 10 you cant miss, Choose your fighter: Cocaine Bear takes on Ant-Man at the box office, Rust production reaches settlement with New Mexico Health and Safety Bureau, Beyond Wednesday and Outer Banks: How Netflix is looking to be the new CW for Gen Z, Former MoviePass executive arrested for allegedly embezzling $260,000 for Coachella party. Getty Images. Nexstar had a strong year financially, reporting free cash flow of $1.3 billion in 2020, a 100% increase over 2018; TV stations typically see a boon from political advertising in election years.. Media Type: TV Station The company went public in 2003, after its first big acquisition. Former ABC News correspondent Adrienne Bankert is joining NewsNation as a morning show anchor. Jon Rosen, the executive producer, explained: Due to, I think, the amount of people on staff that we have and having to fill so much news time, I think theres a challenge for us to constantly be coming up with original and new story ideas.. Trump, Pence highlight policy-focused events in D.C, Justice Department probing Trump effort to overturn election, Some mouthwashes could help curb coronavirus, The Organized Crime and Corruption Reporting Project (OCCRP), The Federation for American Immigration Reform (FAIR). We also rate them High for factual reporting due to proper sourcing and a clean fact-check record. For Ad-Free Subscriptions go here: https://mediabiasfactcheck.com/membership-account/membership-levels/, Terms and Conditions Do Not Sell or Share My Personal Information, How strong is Dominions defamation case against Fox News? Continue with Recommended Cookies. CHICAGO ( NewsNation Now) NewsNation is ranked as both neutral and most reliable in the January 2021 edition of the Media Bias Chart from Ad Fontes Media, nearly five months after launching live on-air and online nationwide. Its stock price, which closed Tuesday at $153.97, down 2%, has more than doubled in the last 12 months. 3) The broadcast stations (NBC, CBS, ABC) and online news sites like Yahoo and Google have a more middle-of-the-road audience than other mainstream media outlets. every weekday, starting at 4am and ending at 11:30pm. NewsNation was launched by Irving, TX-based Nexstar Media Group as a nonbiased alternative to the opinionated prime-time hosts. These new bureaus are both a service to local residents and a relatively modest investment: the Jefferson City, Missouri, bureau, for example, which opened this year, has a single full-time reporter who can reach some 2.5 million viewers in at least four Missouri markets. The vast majority of local TV stations nationwide are now owned by one of those big broadcasters. This spring, WTNH added even more hours of news programming, likely in a move to increase revenue. Thats a staggering amount of airtime, and it reveals a contradiction at the heart of the mandate to produce original local programming every day. If Nexstars general mandate to encourage localism does not explicitly incentivize station managers to embrace a muckraking ethos, in other words, its unlikely to happen. When I asked about accountability reporting, Rich Graziano, the general manager, told me that investigating government institutions is not his main priority for WTNH. 02/28/23 9:18 PM EST, Video & Audio Sanchez and Resendiz are able to execute their stories because of their investigative skills and due to an ingrained conception of themselves as accountability journalists. Nexstar Chairman Perry Sook told staff during a newsroom visit in March that talk programming was always part of the plan for NewsNation. Tom Carter, the president and chief operating officer of Nexstar, said in a statement, The Hill has a nationally recognized brand known for delivering balanced political reporting, as well as authentic opinions and perspectives, and is highly complementary to Nexstars national cable news network, NewsNation., In an email to staff on Friday, Nexstar executives said they saw tremendous synergies between The Hill, which has more than 100 journalists, and NewsNation, as well as its local TV news stations. NewsNation still runs entertainment programming during the day, likely adding to consumer confusion. Nexstars enormous reach across the country makes it a unique bellwether of whether consolidation can be in the public interest. All plans give access to our growing exclusive content! Tanton-founded groups have been frequently cited by mainstream and local media alike throughout the end of the Trump administration and first days of the Biden administration. Two Nexstar insiders not authorized to discuss the matter publicly said Donlon was not involved in the editing of the interview and was unhappy with the final product. But the constant pressure to deliver content keeps producers and reporters in a daily churn that does not allow them time for longer or more complicated projectsthe kind of quality coverage that benefits the public. They cover community events. State and local officials will confront profound dilemmas as they attempt to manage rampant unemployment, food insecurity, and pending evictions, all while facing unprecedented budget cuts. Advertising generates revenue. When it comes to science, they are usually fact-based such as when covering the Coronavirus and climate change. NEW YORK (AP) Republican presidential contenders typically fight for prime speaking slots at the Conservative Political Action Conference. Unlike its conservative rival Sinclair Broadcast Group, which made headlines in 2018 for requiring anchors to read identical scripts, Nexstar doesnt broadcast synchronized or partisan content. He said he had not always enjoyed the attempts by Mr. Trump and another old New York associate, the Democratic Senator Chuck Schumer, to pressure him for favorable coverage. Advertising generates revenue. The recent segment by Nexstar Washington correspondent Anna Wiernicki is largely about how the implementation of President Joe Bidens new immigration policy will work and specifically how the Department of Homeland Security is going to begin to let asylum-seekers into the United States, officially ending the Trump administrations policy that forced people to stay in Mexico. Traffic/Popularity: High Traffic The firms last media bias chart, issued in January, placed NewsNation squarely in the center of the political spectrum, while rating CNN as skewing left, Fox News as hyper-partisan right and MSNBC as hyper-partisan left.. Right Bias: How we rate the bias of media sources. Rich L.A. homeowners are snapping them up, Column: Uber and Lyfts deactivation policy is dehumanizing and unfair. This review will focus on website content, and fact-checking of TV news programming as NewsNation continues to broadcast WGN programming during the day and overnight, with news programming making up almost half of the 24-hour schedule. But the constant pressure to deliver content keeps producers and reporters in a daily churn that does not allow them time for longer or more complicated projectsthe kind of quality coverage that benefits the public. MBFC Credibility Rating: HIGH CREDIBILITY. A former radio executive, Compton produced a syndicated Trump commentary program that aired during the height of Trumps reality-TV fame on The Apprentice.. The vast majority of local TV stations nationwide are now owned by one of those big broadcasters. KTLA.com is the associated website that publishes news and information pertaining to the Southern California region. It has Nexstar insiders fearing that NewsNation will chase after Fox News, which has more than 40% of the cable news audience on most nights, as the company feels more pressure to attract viewers. Is a national conglomerate the future of local news? The Supreme Court's conservative justices cast doubt on President Biden's student debt forgiveness plan during oral arguments on Tuesday in a pair of challenges to the administration's relief program. Lyons was a long-admired figure in local Chicago media, and her stature helped attract on-air talent and other news professionals in the market to join NewsNation. Their stories run on the website and are also aired on Nexstar stations across the border region, from San Diego to Albuquerque to McAllen, thereby reaching larger audiences than stories for a single local paper or TV station would. CIS was established by white nationalist and eugenicist John Tanton, who also founded multiple other extremist anti-immigrant organizations including the Federation for American Immigration Reform and NumbersUSA. When I asked Gary Weitman, Nexstars chief communication officer, whether Nexstars political activity presented a potential conflict of interest, he responded, The pac is there because Nexstar is in a regulated industry and there are a number of issues that its important to be heard on, and thats what the pac enables us to do. I dont see that as a conflict.. 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