Nexstar Media Group Appoints Ellen Johnson to Board of Directors
July 30 2024 - 3:05PM
Business Wire
Chief Financial Officer at IPG Brings
Extensive Financial and Advertising Industry Expertise to the
Board
Nexstar Media Group, Inc. (NASDAQ: NXST) today announced the
appointment of Ellen Johnson to its Board of Directors effective
October 1, 2024. Ms. Johnson will serve as an independent director
and will stand for election at the 2025 annual meeting of
stockholders. Following her appointment, Nexstar will have 10 Board
members, 9 of whom are independent and three of whom are women.
Ms. Johnson currently serves as Executive Vice President, Chief
Financial Officer of Interpublic Group of Companies (NYSE: IPG),
one of the world’s leading providers of marketing and advertising
solutions. In this role, she has direct management responsibility
for all areas of Global Finance, Information Technology and
Investor Relations, and is the executive sponsor of ESG programs
related to climate action, social programs and governance across
IPG. She also oversees the mergers and acquisitions and financial
planning functions.
“We are pleased to welcome Ellen to the Nexstar Board,” said
Perry Sook, Nexstar Media Group’s Chairman and Chief Executive
Officer. “She is an integral member of IPG’s executive team with an
established record of success in the advertising and marketing
services industries. Her extensive leadership experience in
accounting, corporate finance and information technology, combined
with her expertise in all areas of ESG will be invaluable to
Nexstar as we continue to advance our business and execute on the
Company’s goals to enhance shareholder value.”
Commenting on her appointment, Ms. Johnson said, “I am delighted
to be joining Nexstar’s Board. Today Nexstar is a scaled media and
entertainment business with a unique portfolio of local and
national assets, including NewsNation, The CW and The Hill. I look
forward to sharing my experience with the Board and management team
as the Company pursues its continued growth.”
Before becoming CFO in 2020, Ms. Johnson was IPG’s Senior Vice
President of Finance and Treasurer, with direct responsibility for
Treasury, Corporate Development and Financial Planning and
Analysis, managing the company’s liquidity, capital structure, and
its relationships with banks and rating agencies.
Under her leadership, IPG has transformed its balance sheet and
has increased the strength of its financial position. She helped
initiate IPG’s return of capital programs in 2011. Since that time,
the company has returned $7.2 billion to shareholders in dividends
and share repurchases. Additionally, Ms. Johnson has significantly
strengthened the company’s approach to mergers and acquisitions,
including the integration and review process. In 2018, she played a
key role in IPG’s strategic acquisition and successful financing of
Acxiom for $2.3 billion, enabling the company to expand
profitability during a period of significant investment, while
maintaining its strong balance sheet and investment-grade credit
ratings.
Ms. Johnson is a CPA who holds an Executive MBA in Finance from
New York University Stern School of Business and a Bachelor’s
degree from the State University at Albany.
About Nexstar Media Group, Inc. Nexstar Media Group, Inc.
(NASDAQ: NXST) is a leading diversified media company that produces
and distributes engaging local and national news, sports and
entertainment content across its television and digital platforms,
including more than 310,000 hours of programming produced annually
by its business units. Nexstar owns America’s largest local
television broadcasting group comprised of top network affiliates,
with 200 owned or partner stations in 116 U.S. markets reaching 220
million people. Nexstar’s national television properties include
The CW, America’s fifth major broadcast network, NewsNation, our
national news network providing “News for All America,” popular
entertainment multicast networks Antenna TV and Rewind TV, and a
31.3% ownership stake in TV Food Network. The Company’s portfolio
of digital assets, including its local TV station websites, The
Hill and NewsNationNow.com, are collectively a Top 10 U.S. digital
news and information property. For more information, please visit
nexstar.tv.
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version on businesswire.com: https://www.businesswire.com/news/home/20240730236811/en/
Investor Contacts: Lee Ann Gliha Executive Vice President
and Chief Financial Officer Nexstar Media Group, Inc.
972/373-8800
Joseph Jaffoni or Jennifer Neuman JCIR 212/835-8500 or
nxst@jcir.com
Media Contact: Gary Weitman EVP and Chief Communications
Officer 972/373-8800 gweitman@nexstar.tv
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