Nexstar Broadcasting Celebrates Ten Years on Nasdaq

Nexstar Broadcasting Celebrates Ten Years on Nasdaq

Nexstar Broadcasting, the parent company of WTWO, celebrated ten years on the Nasdaq exchange. President, Chairman and CEO Perry Sook rang the opening bell and talked about the company while in New York.

It was a big day for our parent company - The Nexstar Broadcasting Group. Perry Sook, the Chairman, President and Chief Executive Officer rang the opening bell at the Nasdaq Market site in Times Square in New York City.

Ten years ago this week Nexstar Broadcasting went public on Nasdaq.

Andy Mehalshick reports from New York.

Nexstar Broadcasting Group Chairman, President and CEO Perry Sook rang the opening bell at Nasdaq Market site Tuesday morning marking ten years as a publicly traded company.

"Since we started the company in Wiles-Barre -Scranton in 1996 with one TV station it's amazing to think we have grown to a group of 102 stations around the country," he said.

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

"I think when we think of a company that are successful and today's milestone and stepping stones, it would not be possible without hard word of over 3,000 employees," Sook said. "While Nexstar is the company name we are really a collection of local businesses serving local communities in 20 states around the United States."

The market likes what it sees. Steve Brown is the manager of Nasdaq's Market Intelligence Desk.

"They've done well," Brown said. "Their stock is up 245% over the last ten years and it reached an all-time high this past Friday."

The success of the Nexstar Broadcasting Group was shown in a very big way in the Nasdaq tower on Times Square.

So as we move forward, there is every reason to believe the future of the Nexstar Broadcasting Group is a bright one.

WTWO was the second television station purchased by the Nexstar Broadcasting Group.

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