Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that the Nexstar Media Charitable Foundation will launch “30 Days of Giving” during the month of June to mark the 30th anniversary of the company’s founding in 1996. During the thirty days of June, the Foundation will award a $5,000 grant every day to non-profit and charitable organizations located in thirty communities served by Nexstar’s television stations, networks, and digital operations.
“A critical part of Nexstar’s legacy is giving back to the communities we serve, not just by delivering outstanding journalism and unbiased fact-based local news, but through volunteer work, community engagement, and financial support,” said Nexstar’s founder, chairman and chief executive officer, Perry Sook. “Nexstar launched ‘Founder’s Day’ in 2016 to commemorate our 20th anniversary, and every year we mark the occasion with paid time off for our employees to volunteer at local charities and non-profit organizations. The launch of ‘30 Days of Giving’ will expand our impact as we mark our 30th anniversary, uniting the company around a meaningful initiative that deepens our support of the communities in which we are located.”
“30 Days of Giving” will be another employee-driven initiative, with local Founder’s Day committees made up of employees deciding which community charitable or non-profit organization to nominate to receive a grant. The Foundation will choose worthy recipients from 30 different communities served by Nexstar, with a $5,000 grant being awarded every day during the month of June.
Nexstar was founded with one television station on June 17, 1996, with a single broadcast television station, WYOU-TV, in Scranton, Pennsylvania. During the last 30 years, Nexstar has grown to become one of the country’s most respected diversified media companies, with more than 200 owned or operated local television stations, the NewsNation cable television news network, the CW broadcast network, and the nation’s leading digital source for political news and analysis, The Hill, among its assets.
“Nexstar had humble beginnings,” said Mr. Sook. “Three decades ago, our first corporate office sat in the back of a Kresge’s department store. Everything we’ve achieved since is a testament to our people. Their commitment to serving our viewers, advertisers, and communities has powered Nexstar’s success for 30 years, and I couldn’t be more proud of what we’ve built together.”
About Nexstar Media Charitable Foundation:
The Nexstar Media Charitable Foundation’s mission is to contribute to and work with public charities and non-profit organizations to improve the communities in which Nexstar Media and its subsidiaries do business. The foundation makes donations of approximately $350,000 annually.
About Nexstar Media Group:
Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. For more information, please visit nexstar.tv.
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