Nexstar Media Group

Nexstar Media Group, Inc. is a television broadcasting and digital media company, which engages in the acquisition, development, and operation of television stations and interactive community websites and digital media services. The firm offers services free over-the-air programming which includes programs produced by networks with which the stations are affiliated, programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire. It also provides digital publishing and content management platforms to media publishers and advertisers. The company was founded by Perry A. Sook in 1996 and is headquartered in Irving, TX.

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Nexstar Media Group Achieves Record Revenue and Eyes Future Growth

Nexstar Media Group's exceptional 2022 performance, strategic acquisitions, and focus on future technologies position it for continued success. Despite challenges in national advertising, the company is poised for growth through increased retrans revenue and upcoming political ad opportunities.

Nexstar Media Group reports record Q1 revenues and strategic growth

Nexstar Media Group's Q1 2023 earnings call highlighted strong financial performance, strategic growth initiatives, and challenges in distribution revenue. The company's focus on expanding agreements, launching new programming, and transitioning to ATSC 3.0 positions it well for future growth and profitability.

Nexstar Media Group surpasses Q2 expectations, eyes 3.0 expansion

Nexstar Media Group's Q2 performance exceeded expectations, driven by scale benefits and strategic investments. Challenges include declining core ad revenue and audience measurement issues, but opportunities lie in 3.0 technology expansion and content investments.

Nexstar anticipates high-margin growth post DIRECTV deal impact

Nexstar faces challenges from soft advertising market but remains confident in its ability to generate free cash flow. The company is strategically positioned as the largest local broadcaster in the U.S. and is focused on driving high-margin revenue growth through successful negotiations and strategic acquisitions.

Nexstar Media Group beats Q4 expectations, eyes growth opportunities

Nexstar Media Group's Q4 2023 performance surpassed expectations, reflecting strong financials and strategic moves. Despite challenges in advertising trends and cost pressures, the company remains focused on leveraging strengths in broadcast television and maximizing opportunities for growth and profitability. With a solid track record and confidence in its strategic direction, Nexstar is poised for continued success in the evolving media landscape.

Nexstar Media Group reports record Q1 revenue and NewsNation success

Nexstar Media Group delivered exceptional financial performance in Q1 2024, driven by strong revenue and profitability. The company's strategic focus on key growth drivers and shareholder value maximization positions it well for future success. Challenges in advertising revenue and cautious stance on streaming require careful navigation, while opportunities in political advertising and strategic partnerships offer avenues for growth.

Nexstar Media Group reports record-breaking Q3 results and navigates regulatory challenges

Nexstar Media Group's Q3 2024 performance reflects robust financial health and a focus on shareholder value. Leveraging its position as a leading local broadcaster, the company navigates regulatory challenges while capitalizing on opportunities for growth and operational efficiency.

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group's wholly-owned cable network, WGN America, reached a new multi-year carriage agreement with fuboTV.

Nexstar's Cable Network, WGN America, Reaches First-Ever Carriage Agreement With fuboTV

Nexstar Media saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 93 the day before. The post Highly Ranked Nexstar Media Shows Technical Strength appeared first on Investor's Business Daily.

Highly Ranked Nexstar Media Shows Technical Strength

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Rising COVID-19 cases are compelling people to stay and work from home, making this a good time to invest in communication services names like Nexstar Media (NXST) and Cambium Networks (CMBM).

4 Communication Services Stocks to Gain From Rise in Coronavirus

Nexstar Media saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 93 the day before. The post Nexstar Media Sees Composite Rating Improve To 96 appeared first on Investor's Business Daily.

Nexstar Media Sees Composite Rating Improve To 96

Nexstar (NXST) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Nexstar (NXST): Will It Gain?

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ENGLEWOOD, Colo., Dec. 2, 2020 /PRNewswire/ -- Nexstar Media Group today forced the largest broadcast affiliate station blackout in TV history, rejecting DISH's calls for a contract extension and taking away local programming from nearly 5.4 million DISH subscribers. "We made a fair offer...

Nexstar Media Group forces blackout of nearly 5.4 million DISH customers

Nexstar Media Group TV stations in 120 markets and 42 states as well as WGN America nationwide have gone dark on Dish Network platforms after days of negotiations between the companies. In all, 164 stations are affected. In 2019, Nexstar became the largest owner of local stations in the U.S. when it acquired Tribune Media....

Nexstar Stations And WGN America Go Dark On Dish Network

Nexstar Media Group said it has reached a carriage deal with YouTube TV for cable network WGN America. The multi-year WGN America deal with YouTube will take effect on January 19. The addition of 3 million YouTube customers extends the network's total reach to 75 million pay-TV households, Nexstar said. The deal was announced the...

As Dish Carriage Deadline Nears, Nexstar Sets WGN America Deal With YouTube TV

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its wholly-owned cable network, WGN America, has reached a new multi-year agreement with YouTube TV to be carried by the cloud-based streaming service beginning Jan. 19, 2021. The agreement enables WGN America to add more than 3 million new subscribers to the national reach of the cable network, currently available in approximately 75 million television households across the United States. WGN America

Nexstar's Cable Network, WGN America, Reaches First-Ever Carriage Agreement With YouTube TV

Nexstar Media Group on Friday warned of a potential blackout of its programming on Dish Network next week as the two sides negotiate a new distribution deal for the media group's 164 TV channels. Nexstar, the No. 1 owner of local TV stations in the U.S., is currently available in 120 Dish markets in 42...

Nexstar Warns Of Potential Dish Blackout Amid Contract Talks

IRVING, Texas--(BUSINESS WIRE)--DISH subscribers in 115 markets are at risk of losing Nexstar's network, sports and local community programming on December 2, 2020.

DISH Network Puts Consumers at Risk of Losing Network and Local Community Programming During Pandemic

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Nexstar Media Group (NXST) Q3 2020 Results - Earnings Call Transcript

Nexstar (NXST) delivered earnings and revenue surprises of 67.90% and 5.72%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Nexstar Broadcasting Group (NXST) Q3 Earnings and Revenues Beat Estimates

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or “the Company”) today reported financial results for the third quarter ended September 30, 2020 as summarized below. The actual results presented herein for the three months ended September 30, 2020 reflect the Company's legacy broadcasting and digital operations and quarterly results from the Tribune Media stations which were acquired on September 19, 2019. Third quarter 2020 revenue from WGN America, also ac

Nexstar Media Group Reports Record Third Quarter Net Revenue of $1,118.2 Million

Nexstar (NXST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Nexstar Broadcasting Group (NXST) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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Were Hedge Funds Right About Embracing Nexstar Media Group, Inc. (NXST)?

Nexstar Media, the largest television station owner and operator in the U.S., saw a steep fall in its ad sales earlier in the pandemic. Consequently, the company's stock lost 24% of its value so far this year, and currently stands at $87.

Nexstar Media Stock Down 24% YTD, Can It Bounce Back?

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar ” or the “Company”) announced today that effective November 1, 2020 it will combine its two primary operating subsidiaries, merging Nexstar Digital LLC, and Nexstar Broadcasting, Inc. creating a new single operating subsidiary. As part of the corporate streamlining, Nexstar Broadcasting, Inc. will be renamed Nexstar Inc. The new operational structure will align the Company's national leadership in local content p

Nexstar Media Group Announces Strategic Operational Realignment to Leverage Value of Proprietary Local Content Across Multiple Platforms

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $0.56 per share of its Class A common stock. The dividend is payable on Friday, November 20, 2020, to shareholders of record on Friday, November 6, 2020. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at it

Nexstar Media Group Declares Quarterly Cash Dividend of $0.56 Per Share

Is Nexstar Media (NXST) a great pick from the value investor's perspective right now? Read on to know more.

Can Value Investors Consider Nexstar Media (NXST) Stock?

NEW YORK, Oct. 1, 2020 /PRNewswire/ -- Nexstar Media Group, Inc. received the 2020 Catalyst Award for their outstanding support of Ad Council public service campaigns over the past year. The Catalyst Award recognizes a communications company that creates strategic programs to advance...

Nexstar Media Group Recognized as Winner of the Ad Council's 2020 Catalyst Award

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or the “Company”) announced today that Thomas E. Carter has been named President and Chief Operating Officer, effective October 1, 2020. Mr. Carter will retain his current responsibilities as Chief Financial Officer for the foreseeable future. In conjunction with his promotion, Mr. Carter has entered into a new employment agreement that extends through December 31, 2023. Mr. Carter joined Nexstar as Chief Financ

News for Nexstar Media Group Stock (NXST)