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Oct. 12, 2021, 2:18 p.m. EDT

InvestorNewsBreaks - Nexstar Media Group Inc.'s (US: NXST) Hartford-Based Station to Launch NEXTGEN TV

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/zigman2/quotes/202513438/composite NXST +5.73%

Oct 12, 2021 (Investor Brand Network via COMTEX) -- Nexstar Media Group's WTNH-TV ("ABC"), together with three additional Hartford-area channels, launched NEXTGEN TV, a revolutionary new digital broadcast technology based on the same fundamental technology as the internet and digital apps. With this move, Hartford viewers can now find four channels over the air ("OTA") with NEXTGEN TV. In addition to Nexstar's WTNH, these include TEGNA Inc.'s WCCT-TV ("CW") and WTIC-TV ("FOX"), as well as Meredith Corporation's WFSB-TV ("CBS"). As a free OTA service, viewers watching these channels can look forward to an enhanced television experience provided by NEXTGEN TV as a complement to streaming platforms. NEXTGEN TV delivers higher-quality audio and visual capabilities, as well as enables a range of future internet-based innovations. "NEXTGEN TV will fundamentally change the broadcast industry and make it better," said Kurt Rao, senior vice president and chief technology officer at TEGNA. "NEXTGEN TV is a thorough upgrade to traditional television, offering 4K resolution, HDR content and better volume and audio consistency across channels. We know Hartford viewers will appreciate the current and future news and entertainment enhancements made possible by this new technology."

To view the full press release, visit https://ibn.fm/6O3tC

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 120 local websites and 284 mobile apps offering hyper-local 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 network Antenna TV, and WGN Radio in Chicago. Nexstar also owns a 31.3% stake in TV Food Network, a top-tier cable asset. For more information, visit www.Nexstar.tv .

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COMTEX_395042055/2557/2021-10-12T14:17:35

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/zigman2/quotes/202513438/composite
US : U.S.: Nasdaq
$ 154.38
+8.37 +5.73%
Volume: 716,494
Dec. 2, 2021 4:00p
P/E Ratio
7.42
Dividend Yield
1.81%
Market Cap
$5.97 billion
Rev. per Employee
$362,655
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