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President of affiliate sales and marketing for Fox, Mike Hopkins, had said earlier in the year that the network would consider moving its affiliation to another market station as a last resort if existing affiliates did not agree to the terms for reverse compensation retrans sharing. Reportedly, the amount from retransmission consent fees from cable and satellite operators that Fox wanted its affiliates to pay the network would be 25 cents per subscriber during the first year of the affiliation agreement, increasing to 50 cents by the fourth year. In 2011, Nexstar and Fox entered into a dispute over terms of reverse compensation this occurred as Fox began to aggressively seek shares of earnings from retransmission consent agreements with cable and satellite operators as part of affiliation agreement renewals between station groups with affiliates whose affiliation contracts already expired (and carrying the network's programming without a contractual agreement) or were near expiration. 2011вЂ“2013: Retransmission consent dispute with Fox However, on September 8, 2011, Sinclair Broadcast Group announced its intent of purchasing the Four Points stations outright and took over the MSA for the stations that October upon Federal Trade Commission (FTC) approval of the deal (the Federal Communications Commission (FCC) gave final approval of the group deal on December 21, and the Sinclair purchase of the Four Points stations was completed on January 1, 2012). On March 20, 2009, Nexstar operated television stations that were owned by Four Points Media Group, through an outsourcing agreement. In 2006, Nexstar bought out WTAJ-TV and the licensee rights of WLYH-TV from SJL Broadcasting for $56 million. Also that year, it purchased KARK-TV and WDHN-TV from Morris Multimedia. In 2003, Nexstar acquired Quorum Broadcasting (owner of 10 television stations). In 1999, Nexstar bought out WROC-TV in Rochester from Smith Broadcasting. Broadcast Group, including KFDX-TV, KBTV-TV and KSNF for $64.3 million. On January 12, 1998, Nexstar acquired three stations owned by the U.S. In 1997, Nexstar acquired WJET-TV in Erie from Jet Broadcasting, which paid $18.5 million. Mission Broadcasting then paid Nexstar to operate and control the production and newsgathering operations while Mission kept the sales and management team. WYOU's staff who were not laid off were fired by Nexstar, hired by Mission and eventually rehired by Nexstar. WYOU's sales staff was kept in Scranton while the production and news operations were moved to WBRE's offices in Wilkes-Barre.

This began the first ever 'shared-services' agreement between stations. Because this was in the same market as WYOU, WYOU was 'sold' to Mission Broadcasting. In 1998, Nexstar purchased WBRE-TV in Wilkes-Barre, Pennsylvania. Nexstar founder Perry Sook said that WYOU would be Nexstar's flagship station, keeping an office off the newsroom for years. Nexstar promptly fired two beloved anchors and laid off several long-term staff members. The sale was completed on September 28 of that year. Nexstar bought WYOU from Diversified Communications. The first television station bought by Nexstar was WYOU in Scranton, Pennsylvania. The Nexstar Media Group was founded as the Nexstar Broadcasting Group on June 17, 1996, initially backed by ABRY Partners. Nexstar Broadcasting Group logo (2006вЂ“2017)

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It also operates all of the stations owned by affiliated companies, such as Mission Broadcasting and Vaughan Media, under local marketing agreements, and operates two terrestrial television networks airing classic shows, Antenna TV and Rewind TV, and has full or partial ownership stake in three pay television networks (cable news and entertainment network NewsNation, and food and cooking networks Food Network and Cooking Channel the latter two through a 31% stake in Television Food Network G.P.). television networks, The CW, and MyNetworkTV. The company is the largest television station owner in the United States, owning 197 television stations across the U.S., most of which are affiliates with the four 'major' U.S. is an American publicly traded media company with headquarter offices in Irving, Texas, New York City, and Chicago.