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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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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 television stations in Top 15 markets, including Philadelphia, San Francisco and Tampa, to become CW Network affiliates on September 1.

Nexstar Television Stations in Philadelphia, San Francisco, and Tampa to Become Affiliated With The CW Network on September 1

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group promotes Carter Murphy to VP and General Manager of WJBF-TV broadcast and digital operations serving Augusta, GA, and Aiken, SC.

Nexstar Promotes Carter Murphy to Vice President and General Manager of Its Broadcasting and Digital Operations Serving Augusta, Georgia and Aiken, South Carolina

Verizon

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

These 3 Tech And Telecom Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Verizon Communications (NYSE:VZ), Nexstar Media Gr (NASDAQ:NXST)

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media television stations earned 36 regional Edward R. Murrow Awards from the Radio Television Digital News Association (RTDNA).

23 Nexstar Media Inc. Television Stations Win 36 Regional Edward R. Murrow Awards for Outstanding Journalism and Exceptional Locally Produced News Programming

The company continues to trade at undemanding valuations, generating solid levels of cash and materially reducing share count and debt load. The main risk to the thesis continues to be the evolution of the cable industry and my assumptions attempt to incorporate that fact.

Updated Conservative Outlook For Nexstar: 11.5% Expected Annual Returns

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Nexstar Media Group has seen a strong rebound in Distribution revenue, helping to offset the decline in Television Advertising revenue. The stock looks to be trading at good value on a P/E basis.

Nexstar Media Group: Rebound In Distribution Revenue Growth Encouraging

Nexstar Media Group, Inc. (NASDAQ:NXST ) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Joe Jaffoni – Investor Relations Perry Sook – Chairman and Chief Executive Officer Tom Carter – President and Chief Operating Officer Lee Ann Gliha – Chief Financial Officer Conference Call Participants Dan Kurnos – Benchmark Craig Huber – Huber Research Partners Jim Goss – Barrington Research Benjamin Soff – Deutsche Bank Steven Cahall – Wells Fargo Barton Crockett – Rosenblatt Securities Nick Zangler – Stephens Alan Gould – Loop Capital Operator Good day, and welcome to Nexstar Media Group's First Quarter 2023 Conference Call. Today's call is being recorded.

Nexstar Media Group, Inc. (NXST) Q1 2023 Earnings Call Transcript

Nexstar Broadcasting Group (NXST) came out with quarterly earnings of $2.97 per share, beating the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $5.99 per share a year ago.

Nexstar Broadcasting Group (NXST) Surpasses Q1 Earnings Estimates

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. reported 2023 first quarter financial results, including record first quarter revenue of $1.26 billion.

Nexstar Media Group Reports Record First Quarter Net Revenue of $1.26 Billion

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group senior management will be participating in the SVB MoffettNathanson TMT Conference and JPMorgan 51st Global TMC Conference in May.

Nexstar Media Group to Participate in Upcoming May Investor Conferences

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group is acquiring the assets of KUSI-TV in San Diego from McKinnon Broadcasting Company and Channel 51 of San Diego for $35 million.

Nexstar Media Group to Expand Leading Local News Presence in San Diego With Acquisition of KUSI-TV For $35 Million

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group has reached a comprehensive multi-year distribution agreement with Hulu for the Company's local TV stations and NewsNation.

Nexstar Reaches Multi-Year Agreement With Hulu

Perry Sook, who has led Nexstar Media Group from humble beginnings two-plus decades ago to its current status as the top owner of TV stations and the parent of The CW, made $39.3 million in 2022. The CEO's total compensation package included a $33 million stock grant, according to an SEC filing.

CW Parent Nexstar Media Group Reports $39.3M In Total 2022 Pay For CEO Perry Sook

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2023 first quarter financial results on Tuesday, May 9, 2023. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial +1 877-407-9208 or +1 201-493-6784, conference ID 13737773 (domestic and international callers).

Nexstar Media Group to Report 2023 First Quarter Results, Host Conference Call and Webcast on May 9

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NXST: Nasdaq) today announced the appointment of Jamie Calandruccio as Executive Vice President of Platform Monetization & Strategy, responsible for developing Nexstar's revenue management strategy for ad sales, optimizing the company's advertising inventory, and strengthening its programmatic business. In this newly created role, Ms.

Nexstar Names Jamie Calandruccio as Executive Vice President of Platform Monetization & Strategy

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The portfolio remains at record high levels of cash holdings, which is fine for the first time in a long time, cash is providing a decent return. Income growth is projected at 7.9% for the year, up from last month. This was primarily due to including an estimated return on cash.

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IRVING, Texas--(BUSINESS WIRE)--Nexstar reaches multi-year agreement with YouTube TV for launch of 59 stations as well as NewsNation and extends carriage of its CBS-affiliates.

Nexstar Reaches Multi-year Agreement With Youtube TV for Launch of 59 Nexstar Stations Including Its CW, MyNet, and Independent Television Stations

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Nexstar Media Group, Inc. (NASDAQ:NXST ) Q4 2022 Earnings Conference Call February 28, 2023 10:00 AM ET Company Participants Joseph Jaffoni - Investor Relations Perry Sook - Chairman and Chief Executive Officer Tom Carter - President and Chief Operating Officer Lee Ann Gliha - Executive Vice President and Chief Financial Officer Conference Call Participants Craig Huber - Huber Research Partners Steven Cahall - Wells Fargo Daniel Kurnos - Benchmark Company Nicholas Zangler - Stephens Jim Goss - Barrington Research Barton Crockett - Rosenblatt Securities Operator Good day, and welcome to Nexstar Media Group Fourth Quarter and Full-Year 2022 Conference Call. Today's call is being recorded.

Nexstar Media Group, Inc. (NXST) Q4 2022 Earnings Call Transcript

Nexstar CEO Perry Sook said the company's acquisition of the CW has already paid for itself in terms of adding muscle to the company's distribution negotiations. The exec made the comment at the start of Nexstar's fourth-quarter earnings call with Wall Street analysts.

CW Acquisition Has Already Paid For Itself, Nexstar CEO Perry Sook Says

Nexstar (NXST) delivered earnings and revenue surprises of 6.21% and 1.66%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Nexstar Broadcasting Group (NXST) Beats Q4 Earnings Estimates

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group reports record fourth quarter net revenue of $1.49 billion and fiscal year 2022 net revenue of $5.21 billion.

Nexstar Media Group Reports Record Fourth Quarter Net Revenue of $1.49 Billion and Fiscal Year 2022 Net Revenue of $5.21 Billion

News for Nexstar Media Group Stock (NXST)