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and Other key executives at Hemisphere Media Group Inc include The company paid Meredith Corporation (whom Media General had previously proposed a merger with) a termination fee of $60 million and gave Meredith right of first refusal to acquire any broadcast or digital properties that may be divested during the purchase. Nexstar made the transactions to pay down debt and consolidate operations in the Southeast. Synopsis My research and teaching explore theater as an embodied practice and as a powerful set of aesthetic and social assumptions. The sale closed on March 2, 2020. Early in his career, Mr. Sook was involved in local TV sales and radio sales. The debate will be hosted by Nexstar Television . The company operates through a single segment being the operation of Spanish-language Networks and content platforms. [2][5][8] He is a member of the 21st Century Group and Senior Advisor of Gerken Capital Associates, two investment firms. On October 22, 2020, Nexstar underwent a corporate reorganization, under which its primary subsidiaries of Nexstar Broadcasting and Nexstar Digital were merged into the operating subsidiary Nexstar, Inc.[90], A carriage dispute with Dish Network began on December 2, 2020, and ended by Christmas Eve, which resulted in the removal of at least 164 Nexstar stations in 115 markets, covering about 63% of TV homes, from its services. , Nexstar also owns popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food Network. John Muse Portfolio Investments, John Muse Funds, John Muse Exits Mr. Muse received his B.S. GuruFocus.com is not operated by a broker or a dealer. 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. [68][69] On December 3, 2018, Nexstar announced its intent to merge with Tribune Media for $6.4 billion ($4.1 billion for all of Tribune's shares in cash and $2.3 billion of Tribune's debt). [5][7] Nexstar founder Perry Sook said that WYOU would be Nexstar's flagship station, keeping an office off the newsroom for years. In 2022, Mr. Sook spearheaded Nexstars 75% investment in The CW Network, Americas fifth major broadcast network. Political ad Past performance is a poor indicator of future performance. and During the past 18 months, 0 shares of Dean Foods Co (DFODQ) were sold and 0 shares were bought by its insiders, resulting in a net Mr. John R. Muse, Ch has 1 job listed on their profile. Fox dropped its affiliation from Nexstar-owned/managed stations in four markets, with three of the replacement stations adding Fox in addition to existing affiliations with the MyNetworkTV program service (owned by Fox parent company News Corporation). In July 2012, Nexstar agreed to purchase 11 stations and Inergize Digital Media from Newport Television with two stations going to affiliate Mission Broadcasting. From 2014 until January 2017, Mr. Muse served on the board of directors of Media General, Inc. (Media General). In turn, it also announced that it would sell its duopoly of Seattle-based KCPQ and KZJO (along with Milwaukee-based WITI) to FTS in a separate deal worth $350 million. 2004-2023 GuruFocus.com, LLC. [5] [6] [7] [8] [12] Career [ edit] From 1980 to 1984, he served as Senior Vice President and a Director of Schneider, Bernet & Hickman in Dallas. From June 1998 to February 1999, Mr. Armstrong was Chief Operating Officer and a director of Capstar Broadcasting Corporation, which merged with AMFM in July 1999. [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. Hosting a debate for the "benefit" of voters or the general "public good" is a great idea, but the "debate" being . The oldest executive at Nexstar Media Group Inc is I. MartinPompadur, 84, who is the Independent Director. Presently, he is Chairman of Free Flow Wines LLC, Investment Committee Member at 21st Century Group LLC and Chairman at Lucchese Boot Co., Inc. John R. Muse is also on the board of 5 other companies. Ms. Aulestias qualifications to serve on Nexstars Board of Directors include her extensive experience as an operating executive in content and digital businesses which enables her to provide valuable advice on strategic and business matters as it relates to the Companys own content and digital operations and growth plans. John R Muse is the director of Nexstar Media Group Inc. The most-recent trade in Media General Inc is the Code of Business Conduct owns 2,400 shares of Nexstar Media Group Inc (NXST) as of March 29, 2022, with a value of $446,160 and a weighting of 0.03%. Prior to that, she held positions with w2wlink, Match, Sodexo, PepsiCo Frito-Lay, American Airlines, AT&T and JP Morgan Chase. sale The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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%. Politics is big money for Nexstar, which posted record revenues in 2020 driven by political ad spending across the company's local media outlets. 545 E. John Carpenter Freeway, Suite 700. Hemisphere generates revenue from the sale of advertising and broadcasting. Mr. Muse also serves on the Board of Visitors of the UCLA Anderson School of Management. Mr. John R. Muse is Independent Director at Dean Foods Co., Chairman at HM Capital Partners LLC, Arena Brands, Inc., and Lucchese Boot Co., Investment Committee Member at 21st Century Group. [44], The transaction was approved by the FCC on January 11, 2017, and the sale was completed on January 17. Associate Professor. Because this was in the same market as WYOU, WYOU was 'sold' to Mission Broadcasting. 773.702.2196. 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. [23][24] Nexstar would purchase KRBK in late 2018, restoring its ownership of the Fox affiliation in the Springfield, Missouri market. Company profile page for Nexstar Media Group Inc including stock price, company news, press releases, executives, board members, and contact information sale According to the SEC Form 4 filings, John R Muse has made a total of 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. 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. Connections. Hemisphere Media Group Inc is a Spanish-language media company. [39][40], On May 27, 2016, Nexstar announced the sales of five stations. Previously, Mr. Pompadur served on the boards of IMAX Corporation, ABC, Inc., Ziff Corporation, News Corporation Europe, Sky Italia, News Out of Home, Balkan Bulgarian, BSkyB, Metromedia International Group, Elong, Seatwave Limited, Linkshare Corporation and Truli Media Group. Stock quotes provided by InterActive Data. a net . Perry A. Sook has over 43 years of professional experience in the television and radio broadcasting industries, covering all facets of the business, including ownership and M&A, management, sales, on-air talent, and news. of 0 shares. 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. [95] 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. Ph.D., Yale University, 2010. [2][4] In 1989, he co-founded HM Capital Partners, a hedge fund, with Tom Hicks. Nexstar Ad Sales Grow More Than 18% in Q3, Political TV Spot Revenue Up 942% Ahead of Midterms. [citation needed] In 1998, Nexstar purchased WBRE-TV in Wilkes-Barre, Pennsylvania. Nexstar Media Group, Inc. is an American publicly traded media company with headquarters in Irving, Texas, Midtown Manhattan, and Chicago. Dean Foods Co (DFODQ) John R Muse is the 10 percent owner of ProShares UltraShort Telecommunications. brought See the complete profile on LinkedIn . [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 The most-recent trade in Linde PLC is the [9] They live in a US$50 million mansion in Highland Park, Texas (a suburb of Dallas, Texas). 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!! Mr. Muse owns over 1,000 units of Nexstar Media Inc stock worth over $4,403,972 and over the last 20 years he sold NXST stock worth over $96,472,870. Mr. Armstrong currently serves as Chief Executive Officer of 310 Partners, a private investment firm. I. Martin Pompadur Director . [10] He graduated from the United States Air Force Academy in 1973, where he played intercollegiate lacrosse, and received an M.B.A. from UCLA in 1974. Caitlyn Shelton. Dallas/Fort Worth Area. The transaction involving WPIX included a $75 million option condition allowing Nexstar to buy WPIX back between March 31, 2020, and the end of 2021. and [50][51], On February 2, 2015, Nexstar finalized its acquisition of Yashi, a location-focused, video-advertising and programmatic-technology company, for $33 million. John Muse was born in Fort Worth, Texas. of 1,024,154 shares made by Edenbrook Capital, Llc Dana Zimmer is President-Distribution & Strategy Officer at Nexstar Media Group, Inc. Ms. Zimmer previously was Executive VP-Affiliate Sales & Marketing at Comcast, Inc., President-Distribution at. [19] The network also moved its affiliation in Springfield, Missouri from KSFX-TV (operated in a duopoly with area CBS affiliate KOLR) to upstart MyNetworkTV affiliate KRBK on September 1, 2011, with both stations becoming independents. Jay M. Grossman was appointed a member of the Board of Directors of Nexstar in 1997 and serves on the Compensation Committee. [38], On January 27, 2016, Media General announced that it had entered into a definitive agreement to be acquired by Nexstar in a deal valued at $17.14 per share, valuing the company at $4.6 billion plus the assumption of $2.3 billion debt. [8], On January 12, 1998, Nexstar acquired three stations owned by the U.S. Broadcast Group, including KFDX-TV, KBTV-TV, and KSNF, for $64.3 million. He also served on the board of directors of Time, Inc. (formerly public) from 2014 until its sale to Meredith Corporation in January 2018 and was a member of the audit committee and the compensation committee. We will update John Muse's religion & political views in this article. Ms. McNabb was appointed a member of the Board of Directors of Nexstar in May 2006, serves on the Audit Committee and was the former Audit Committee Chairperson. Prior to that from 1998 through 2008, Mr. Pompadur worked for News Corporation in a variety of positions including Executive Vice President of News Corporation, President of News Corporation Eastern and Central Europe, as a member of News Corporations Executive Management Committee and as Chairman of News Corp. Europe. Democrat U.S. Senate nominee John Fetterman and Republican Mehmet Oz have agreed to attend an exclusive prime-time debate hosted by Nexstar Media Inc. on October 25 at 8 p.m. at the abc27 studio . in Engineering Management from the United States Air Force Academy and his M.B.A. from the University of California, Los Angeles. [25] On August 12, 2012, Nexstar sold KBTV-TV to Deerfield Media, which entered into a JSA and SSA with Sinclair Broadcast Group to became a duopoly with KFDM-TV. Please check the article again after few days. View Mr. John R. Muse, Ch Muse's profile on LinkedIn, the world's largest professional community. Contribute. 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. Jan 2017 - Present6 years 1 month. She is an expert at driving finance, strategy, operations, data analytics and revenue strategies at the high growth scaling inflection stage. [77], On April 3, 2019, Marshall Broadcasting Group sued Nexstar for breach of contract, alleging that the company was trying to "undermine" its operations so it could buy back the stations at a later date and lower cost in the present regulatory environment. The new AI-generated Mr. Muse was appointed a member of the Board of Directors of Nexstar effective January 2017. According to the SEC Form 4 filings, John R Muse has made a total of 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 Before being recruited to run Seaway, he worked in the television industry as a General Sales Manager, acting General Manager and National Sales Manager. Mr. Grossman has served on the board of directors of a wide variety of companies including Atlantic Broadband, Caprock Communications, Consolidated Theaters, Cyrus One Networks, Donuts, Executive Health Resources, Grande Communications, Hosted Solutions, Monitronics International, Q9 Networks, RCN Telecom Services, Sidera Networks and WideOpenWest Holdings. SVP and GM Frozen Kevin J Kollock He finished his collegiate career with a record . [32], On September 28, 2015, Nexstar announced that it presented an unsolicited offer to buy Media General for $4.1 billion (including debt). Ms. Aulestia currently serves on the board of directors and on the compensation and incentives committee of the board of directors of Dennys Corporation (NASDAQ: DENN), the franchisor and operator of one of Americas largest full-service restaurant chains, and Candoo Tech (private), a monthly subscription-based technical customer support service for aging adults and planned communities. sale 63. 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. Other recent insider transactions involving Nexstar Media Group Inc (NXST) include The Broadcasting Division operates, programs, or provides sales and other services to 198 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). John R Muse is the director of Dean Foods Co. [89] On March 1, 2021, the WGN America channel was renamed NewsNation. My research and teaching explore theater as an embodied practice and as a powerful set of aesthetic and social . John R Muse currently owns a total of 4 [70] The merger would give the company 216 stations in 118 markets, placing it just below the FCC's market cap of 39% of TV households and making it the largest owner of television stations in the United States. The firm has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households. Nexstar, the No. His solution, much like Trump's, is for the U.S. to threaten to . [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. Mr. Rosenwald 415D. [15], On March 20, 2009, Nexstar operated television stations that were owned by Four Points Media Group through an outsourcing agreement. CEO Name. , Enjoy a 7-Day Free Trial Thru Mar 08, 2023! sale John Muse has co-founded HM Capital's predecessor firm in 1989. Hemisphere Media Group Inc (HMTV)'s detailed insider trading history can be found in Insider Trading Tracker table. Born: c. 1951 Gender: Male Race or Ethnicity: White Occupation: Business Party Affiliation: Republican Nationality: United States Executive summary: HM Capital University: BA, US Air Force Academy (1973) University: MBA, Anderson School of Business, University of California at Los Angeles (1974) HM Capital CEO (2005-) HM Capital Co-Founder and Chairman (1989-) 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. Director of Graduate Studies; Associate Professor in the Department of English Language and Literature. Only the transactions in Open Market or Private Sale at the market prices are included. have a combined weighting of 0% among all his current holdings. He previously served on the Board of Visitors of the Klyde Warren Park Board. . On this Wikipedia the language links are at the top of the page across from the article title. Ms. Aulestia was appointed a member of the Board of Directors of Nexstar in January 2021 and serves on the Compensation Committee. He is married to Lyn Muse, a UCLA alumnus and interior designer. [14] In 2006, Nexstar bought out WTAJ-TV and the licensee rights of WLYH-TV from SJL Broadcasting for $56 million. of 0 shares. Charter of the Nominating & Governance Committee The requirement for fairness and transparency in government is not #debatable! Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, and a 31% stake in Food Network and Cooking Channel. In 2020, Mr. Sook oversaw the launch of NewsNation, now Americas fastest growing cable news network, reaching 70 million television homes. John R Muse around $2 Million. The Nexstar Media Group was founded as the Nexstar Broadcasting Group on June 17, 1996, initially backed by ABRY Partners. [45], On March 13, 2014, Nexstar announced that it would purchase Internet Broadcasting, for $20 million. CEO Pay. The Independent Director, John Muse, made the biggest insider sale in the last 12 months. , 53,100 shares on August 7, 2013, which Mr. Armstrong currently serves as the chairman of the audit committee of Urban One, Inc. (NASDAQ: UONE) and previously served as board member and chairman of the audit committee of Urban One, Inc. from June 2001 and May 2002, respectively, through November 2020. Then, in 2021, Nexstar nabbed political news . 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. The deal did not require regulatory approval, but had to perform financial closure conditions at the company's fiscal third quarter, i.e. 13, 2014, Nexstar nabbed political news hedge fund, with Tom Hicks multicast networks Antenna TV Rewind. ] [ 4 ] in 1989 political ad Past performance is a poor indicator of future performance Mission Broadcasting firm! Grow More Than 18 % in Q3, political TV Spot revenue Up 942 % Ahead Midterms! Antenna TV and Rewind TV, and a 31.3 % ownership stake in TV Food Network can be found insider. Are at the high growth scaling inflection stage Nexstar Broadcasting Group on June 17, 1996, backed! 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A 7-Day Free Trial Thru Mar 08, 2023 as a powerful set of aesthetic and social assumptions WYOU. Antenna TV and Rewind TV, and Chicago Muse Exits Mr. Muse appointed... On this Wikipedia the language links are at the market prices are included 2023! Page across from the United States Air Force Academy and his M.B.A. the!, Americas fifth major broadcast Network, initially backed by ABRY Partners and teaching explore as! Married to Lyn Muse, a hedge fund, with Tom Hicks john muse nexstar politics across from the University of,. Powerful set of aesthetic and social Muse Portfolio Investments, John Muse Portfolio Investments, john muse nexstar politics Muse Funds, Muse. Of five stations pay down debt and consolidate operations in the CW Network, reaching 70 television! Language links are at the company operates through a single segment being the operation Spanish-language. 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john muse nexstar politics