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Big anniversary for KGET’s parent company

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It's a big day in the Big Apple for Nexstar Broadcasting Group.

Nexstar is celebrating 10 years of trading on the NASDAQ Stock Market. It's the parent company of KGET, Telemundo T17.3, and the local CW affiliate.

Nexstar chairman, president, and CEO Perry Sook rang the opening bell Tuesday morning in Times Square.

Since it went public in November 2003, Nexstar has grown to become one of America's top 15 television broadcasters, with 102 television stations in 54 cities.

Sook spoke this morning about the company's reach and the people who help make it possible. "Well, I think when we think about Nexstar, we think of a company that our successes, and today's milestone or stepping stone, would not be possible without the hard work of over 3,000 employees.

"While Nexstar is the company name, we are really a collection of local businesses serving local communities in 20 states all around the United States. At our heart, we are a local service business and we happen to be publicly traded."

Nexstar was founded in 1996 in Scranton, Pa. with the purchase of a single station.

Including KGET, Nexstar has acquired 49 TV stations and two digital media companies in the last two years, including acquisitions awaiting regulatory approval.

Its portfolio has nearly doubled in size and is valued at more than $826.2 million.
 

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