IRVING, TX (July 20, 2021) - The Nexstar Media Charitable Foundation announced today it will donate $5,000 to the Chicago Chapter of the United Negro College Fund (UNCF) on behalf of WGN-TV, the Nexstar Media Inc. television station serving the Chicago, IL, area. The donation was made live on the WGN-TV Midday newscast and will be used to fund scholarships for students attending a range of historically Black colleges and universities throughout the United States.
'As we emerge from the pandemic, we are very aware that this time has been tough on the fund-raising efforts of organizations like UNCF,' said Paul Rennie, Vice President and General Manager of WGN-TV. 'In many cases, a scholarship from the UNCF allows students the future of a college education and WGN-TV has long supported the Chicago Chapter of UNCF. Giving back to the communities served by Nexstar in 116 markets across the country is core to the company's mission and we are proud to make this $5,000 donation on behalf of Chicago's Very Own, WGN-TV Channel 9, Nexstar Media Group, and all of Nexstar's 13,000 employees.'
UNCF's mission is to build a robust and nationally-recognized pipeline of under-represented students who, because of UNCF support, become highly-qualified college graduates and to ensure that its network of member institutions is a respected model of best practice in moving students to and through college. UNCF annually awards more than $100 million scholarships to more than 10,000 students and provides significant financial support to 37 historically Black colleges and universities across the country. It also serves as the nation's leading advocate for the importance of minority education and community engagement.
Commenting on the donation, Christal Stinson, Area Development Director at UNCF said, 'UNCF is grateful and honored to work with such wonderful partners like the Nexstar Media Charitable Foundation and WGN-TV. The challenges of the last year were significant and through times unlike any we've seen before, we were able to continue to support our students from the Chicago area. For 77 years, UNCF has helped over 500,000 students graduate from college, and with investments like the one today, we continue to make significant progress. UNCF Chicago extends our appreciation to Nexstar Media Charitable Foundation and WGN-TV for their generous contribution in support of scholarships and keeping our 37-member schools strong. It is only through generous partners like the Nexstar Media Charitable Foundation who believe so strongly in UNCF's mission and our deserving students, that our work is possible, and we can accomplish great things.'
The Nexstar Media Charitable Foundation's mission is to contribute to and work with public charities and non-profit organizations to improve the communities in which Nexstar Media and its subsidiaries do business. The foundation was originally established in 1958 and it makes donations of approximately $350,000 annually.
About Nexstar Media Group, Inc.
Nexstar Media Group (NASDAQ: NXST) is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Its wholly owned operating subsidiary, Nexstar Media Inc., consists of three divisions: Broadcasting, Digital, and Networks. The Broadcasting Division operates, programs, or provides sales and other services to 199 television stations and related digital multicast signals reaching 116 markets or approximately 39% of all U.S. television households (reflecting the FCC's UHF discount). The division's portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. The Digital Division operates 120 local websites and 284 mobile apps offering hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content and creating new revenue opportunities for the company. The Networks Division operates NewsNation, formerly WGN America, a national news and entertainment cable network reaching 75 million television homes, multicast network Antenna TV, and WGN Radio in Chicago. Nexstar also owns a 31.3% ownership stake in TV Food Network, a top tier cable asset. For more information, please visit www.nexstar.tv.
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Nexstar Media Group Inc. published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 00:06:08 UTC.