Nexstar Media: Broadcasting's Biggest Bet - [Business Breakdowns, EP.221]

This is Business Breakdowns. Business Breakdowns is a series of conversations with investors and operators diving deep into a single business. For each business, we explore its history, its business model, its competitive advantages, and what makes it tick. We believe every business has lessons and secrets that investors and operators can learn from. And we are here to bring them to you.

To find more episodes of breakdowns, check out joinccolossus.com. All opinions expressed by hosts and podcast guests are solely their own opinions. Hosts, podcast guests, their employers, or affiliates may maintain positions in the securities discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. I'm Zach Fuss, and today we are breaking down Nexstar Media Group.

Nextstar is a business that may not carry household recognition but controls more local television stations than any other company in the US. My guest today is Simeon McMillan, a founder of media focused research firm Accrued Interest. Simeon brings a unique perspective to the sector. He's held roles as a banker and executive within prominent television, cable, and radio businesses, including Univision Networks and Mediaco.

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