Top 30 Station Groups: Nexstar Still No. 1; Gray, Scripps, Allen Busy Buyers
Nexstar tops the TVNewsCheck-BIA Advisory Services’ annual list of the Top 30 groups ranked by total revenue for the third year in a row. But with the sale of Meredith’s and Quincy’s stations to an acquisitive Gray, the top 10 slots are rearranged following an active 12 months of M&A.
According to this release for 2020 Nexstar ranked 1st for total revenue. Interestingly the Network O&O's are ranked 5-8 on this list this may be due to the O&O's being confined to larger DMA's on average. Since the data is from 2020 some of this could also be attributed to advertising especially whenever battleground states are discussed.
Group Markets Total Coverage FCC Coverage Retrans Rev Ad Rev Total Rev 1. Nexstar 116 68% 39% $1.53B $2.09B $3.62B 2. Gray 113 36% 25% $1.30B $2.00B $3.30B 3. Sinclair 116 43% 25% $1.50B $1.28B $3.20B 4. Tegna 51 39% 32% $1.30B $1.58B $2.88B 5. Fox 18 39% 26% $1.63B $1.40B $2.57B 6. CBS 18 39% 22% $973M $1.34B $2.31B 7. NBCU 30 38% 22% $828M $1.22B $2.05B 8. ABC|Disney 8 22% 19% $609M $908M $1.52B