Nexstar Broadcasting celebrates 10 years on NASDAQ

We’re marking a milestone Wednesday for our parent company, Nexstar Broadcasting Group, Inc.
Nexstar has traded on the NASDAQ Stock Market for 10 years.

Nexstar chairman, president and CEO Perry Sook rang the opening bell at the NASDAQ Market in New York City Tuesday morning, marking 10 years as a publicly traded company.

"Since we started the company in Wilkes-Barre and Scranton in 1996 with one TV station, it's amazing to think that we've grown now to a group of 102 TV stations around the country," Sook said.

Sook believes success comes from a focus on the communities it serves and the employees who go above and beyond.

"Our successes and today's milestone or stepping stone would not be possible without the hard work of over 3,000 employees. And 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," Sook said.

The market apparently likes what it sees.

Steven Brown is manager of NASDAQ'S Market Intelligence Desk.

"They've done well, the stock's up 245 percent in the last 10 years. That's spectacular, they hit an all-time high this past Friday," Brown said.

Shares of Nexstar (NXST) gained 1.1 points Tuesday and closed at $49.45.
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