View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. The Wire
August 20, 2021updated 21 Oct 2022 1:04pm

Nexstar buys the Hill for $130m

By Press Association and Press Gazette

Nexstar Media, a US local TV giant, has bought political news website the Hill for $130m.

The Hill attracted an average 48m monthly users and 2.2bn page views in 2020, according to Comscore. Led by chairman Jimmy Finkelstein, the website employs more than 100 journalists. According to Axios’ sources, the Hill generated revenues of $40m last year and made a profit of $10m.

Prior to the Nexstar deal, HRS Management was the Hill’s largest investor.

Axios previously reported on talks between Nexstar and the Hill (see below on this page).

Source: Press release

Deal size: $130m

Country: US

Content from our partners
AI challenge asks journalists to pitch for help to solve industry challenges
Newsrooms 2.0: Why WordPress is taking over the industry
Handelsblatt's key strategy for unifying print and digital operations

Status: Official

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly dose of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network