Nexstar closes 75% acquisition of The CW Network; Dennis Miller named President

NEXSTAR MEDIA GROUP, INC.

Nexstar acquired 75% ownership stake in The CW for no consideration; WBD and Paramount each retain 12.5%.
Dennis Miller stepped down from Nexstar board to become President of The CW, replacing Mark Pedowitz.
WBD and Paramount will produce 12 original scripted series for 2022/2023 broadcast season.
Nexstar expects The CW to become profitable by 2025 with investment in low 9-figures.
Mark Pedowitz departs after 11 years as Chairman/CEO; will support transition.

item 5.02 item 7.01 item 9.01

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Departed

Dennis Miller

member of the Board of Directors

NXST · NEXSTAR MEDIA GROUP, INC.

Effective: 2022-10-03
Filed: October 4, 2022, 7:59 PM ET

On October 3, 2022, Nexstar Media Group, Inc. a Delaware Corporation (“Nexstar”), issued a press release announcing that Dennis Miller, a member of Nexstar’s Board of Directors (“Board”) since 2014, has stepped down from the Board effective immediately in connection with the closing of Nexstar’s acquisition of The CW Network, LLC (“The CW”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Dennis Miller departed as member of the Board of Directors at NEXSTAR MEDIA GROUP, INC..

Action: stepped down
Role: member of the Board of Directors

Exact text from the filing

On October 3, 2022, Nexstar Media Group, Inc. a Delaware Corporation (“Nexstar”), issued a press release announcing that Dennis Miller, a member of Nexstar’s Board of Directors (“Board”) since 2014, has stepped down from the Board effective immediately in connection with the closing of Nexstar’s acquisition of The CW Network, LLC (“The CW”).

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NEXSTAR MEDIA GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000950170-22-019246

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