Jay Grossman Biography and Net Worth

Director of Nexstar Media Group

Jay M. Grossman was appointed a member of the Board of Directors of Nexstar in 1997 and serves on the Compensation Committee. On September 30, 2022, Mr. Grossman was appointed as Chairperson of the Compensation Committee.

Mr. Grossman serves as Managing Partner and Co-Chief Executive Officer at ABRY Partners, LLC (“ABRY”), a private equity fund focused on media, communications, business and information services, which he joined in 1996. ABRY helped found Nexstar alongside Perry Sook in 1996 and fully exited its ownership position in the Company in 2013.

Mr. Grossman has served on the board of directors of a wide variety of private companies including Atlantic Broadband, Caprock Communications, Consolidated Theaters, Cyrus One Networks, Donuts, Executive Health Resources, Grande Communications, Hosted Solutions, Monitronics International, Q9 Networks, RCN Telecom Services, Sidera Networks and WideOpenWest Holdings.

Mr. Grossman’s qualifications to serve on Nexstar’s Board of Directors include his long-term experience with Nexstar and his extensive experience in investing in media and communications companies enabling him to provide meaningful insight and guidance to the Company and the Board as Nexstar executes on its growth plan.

What is Jay M. Grossman's net worth?: The estimated net worth of Jay M. Grossman is at least $9.17 million as of September 18th, 2024. Mr. Grossman owns 54,625 shares of Nexstar Media Group stock worth more than $9,172,630 as of September 19th. This net worth evaluation does not reflect any other investments that Mr. Grossman may own. Learn More about Jay M. Grossman's net worth.
How do I contact Jay M. Grossman?: The corporate mailing address for Mr. Grossman and other Nexstar Media Group executives is 545 EAST JOHN CARPENTER FREEWAY SUITE 700, IRVING TX, 75062. Nexstar Media Group can also be reached via phone at (972) 373-8800 and via email at [email protected]. Learn More on Jay M. Grossman's contact information.
Has Jay M. Grossman been buying or selling shares of Nexstar Media Group?: Within the last three months, Jay M. Grossman has sold $1,707,000.00 in shares of Nexstar Media Group stock. Most recently, Jay M. Grossman sold 10,000 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $170.70, for a transaction totalling $1,707,000.00. Following the completion of the sale, the director now directly owns 54,625 shares of the company's stock, valued at $9,324,487.50. Learn More on Jay M. Grossman's trading history.
Who are Nexstar Media Group's active insiders?: Nexstar Media Group's insider roster includes Andrew Alford (Insider), Geoffrey Armstrong (Director), Michael Biard (COO), Karen Brophy (Insider), Timothy Busch (Insider), Thomas Carter (COO), Sean Compton (Insider), Dennis Fitzsimons (Director), Lee Ann Gliha (CFO), Jay Grossman (Director), Brett Jenkins (EVP), Charles McMillen (Director), Lisbeth Mcnabb (Director), Dennis Miller (Director), Rachel Morgan (EVP), John Muse (Director), I. Pompadur (Director), Blake Russell (EVP), Elizabeth Ryder (EVP), Perry Sook (CEO), Michael Strober (EVP and Chief Revenue Officer), Gary Weitman (Insider), and Dana Zimmer (Insider). Learn More on Nexstar Media Group's active insiders.
Are insiders buying or selling shares of Nexstar Media Group?: During the last twelve months, insiders at the sold shares 37 times. They sold a total of 118,251 shares worth more than $18,986,115.00. The most recent insider tranaction occured on September, 18th when Director Jay M Grossman sold 10,000 shares worth more than $1,707,000.00. Insiders at Nexstar Media Group own 5.9% of the company. Learn More about insider trades at Nexstar Media Group.
Information on this page was last updated on 9/18/2024.

Jay M. Grossman Insider Trading History at Nexstar Media Group

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
9/18/2024	Sell	10,000	$170.70	$1,707,000.00	54,625
11/14/2018	Sell	3,125	$80.66	$252,062.50	50,000
6/20/2013	Sell	5,000	$33.50	$167,500.00
6/13/2013	Sell	15,000	$29.80	$447,000.00
6/7/2013	Sell	15,000	$28.79	$431,850.00
5/14/2013	Sell	15,000	$29.22	$438,300.00

Jay M. Grossman Buying and Selling Activity at Nexstar Media Group

Nexstar Media Group Company Overview

Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services. The company offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites, mobile and over-the-top applications, other digital media solutions to media publishers, and advertisers and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks and other multicast network services. Further, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels representing products of local television stations, The CW, The Hill and BestReviews, and a suite of advertising solutions. Additionally, the company engages in digital business; and management of real estate assets, including leasing of owned office and production facilities. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.

Today's Range

Now: $167.66

$167.53

$171.15

50 Day Range

MA: $170.02

$154.25

$184.79

2 Week Range

Now: $167.66

$132.30

$187.27

Volume

541,816 shs

Average Volume

330,728 shs

Market Capitalization

$5.52 billion

P/E Ratio

14.18

Dividend Yield

4.21%

Beta

1.5

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