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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Nexstar Media Group, the largest local TV station owner in the United States, said on Monday it will acquire a majority stake in The CW Network, home to popular shows such as "Riverdale", which based on the popular Archie comics, and superhero show "The Flash".

TV station owner Nexstar to buy majority stake in CW Network

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group has entered into an agreement with Warner Bros. Discovery and Paramount Global to acquire a majority interest in The CW Network.

Nexstar Media Group to Acquire The CW Network

Nexstar Media's geographic reach attracts both national and local advertisers. That large footprint also gives the company leverage when negotiating retransmission agreements.

Nexstar Media Could Be The 'Next Star' In Your Portfolio

Nexstar Media Group has seen strong growth in Political Advertising revenue with the U.S. midterm elections approaching. Additionally, the company has managed to bolster free cash flow and reduce its debt levels.

Nexstar Media Group: Further Upside Likely

WASHINGTON--(BUSINESS WIRE)--The Hill, America's premier source for political and policy news, has launched a streaming TV channel, marking its first foray into OTT.

Nexstar Digital Launches The Hill TV Streaming Channel on Plex

Nexstar Media Group, Inc. (NASDAQ:NXST ) Q2 2022 Results Conference Call August 4, 2022 10:00 AM ET Company Participants Joe Jaffoni - JCIR Perry Sook - Founder, Chairman & CEO Lee Ann Gliha - CFO Tom Carter - President & COO Conference Call Participants Dan Kurnos - Benchmark Steven Cahall - Wells Fargo Aaron Watts - Deutsche Bank Craig Huber - Huber Research Partners Alan Gould - Loop Capital Barton Crockett - Rosenblatt Securities Jim Goss - Barrington Research Courtney Bahlman - Barclays John Kornreich - JK Media Operator Good day, and welcome to Nexstar Media Group's Second Quarter 2022 Results. Today's call is being recorded.

Nexstar Media Group, Inc. (NXST) CEO Perry Sook on Q2 2022 Results - Earnings Call Transcript

Nexstar (NXST) delivered earnings and revenue surprises of 7.13% and 0.46%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Nexstar Broadcasting Group (NXST) Tops Q2 Earnings and Revenue Estimates

Nexstar, the largest TV station group, got a boost from midterm political ad spending as well as a rise in distribution and digital revenue in the second quarter. The company reported net income of $226.5 million, a rise of 13.4%, in the period ended June 30. Revenue rose to $1.

Political Advertising Helps Boost Nexstar With Record Q2 Revenue Of $1.25 Billion

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. reported record second quarter financial results for the three month period ended June 30, 2022.

Nexstar Media Group Reports Record Second Quarter Net Revenue of $1.25 Billion

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group's Board of Directors has extended the employment agreement of Chief Executive Officer, Perry A. Sook, through March 31, 2026.

Nexstar Media Group Extends Employment Agreement of Chief Executive Officer, Perry A. Sook, Through March 2026

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group declared a cash dividend and approved a new $1.5 billion share repurchase program and plan to declassify the Board of Directors.

Nexstar Media Group Declares Quarterly Cash Dividend, Announces New $1.5 Billion Share Repurchase Authorization and Plan to Declassify Board of Directors

Here is how Nexstar Broadcasting Group (NXST) and Snap-On (SNA) have performed compared to their sector so far this year.

Is Nexstar Media Group (NXST) Outperforming Other Consumer Discretionary Stocks This Year?

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LOS ANGELES--(BUSINESS WIRE)--Teads announces exclusive partnership with Nexstar digital to deliver inRead advertising technology and monetization capabilities

Teads Announces Exclusive Partnership With Nexstar Digital to Deliver InRead Advertising Technology and Monetization Capabilities

LA CROSSE/EAU CLAIRE, Wis. & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media promotes Cory Gylock to VP and General Manager of WLAX-TV (FOX), WEUX-TV (FOX), and wiproud.com in La Crosse/Eau Claire, Wisconsin.

Nexstar Media Inc. Promotes Cory Gylock to Vice President and General Manager of Its Broadcasting and Digital Operations in La Crosse/Eau Claire, Wisconsin

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media appoints accomplished broadcast executive, Brandin Stewart, Senior Vice President and Regional Manager for its broadcasting division.

Nexstar Media Inc. Names Brandin Stewart as Senior Vice President and Regional Manager for Broadcasting Division

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DAYTON, Ohio & IRVING, Texas--(BUSINESS WIRE)--Nexstar promoted Melissa Jones to VP and General Manager of its Dayton, Ohio, broadcasting and digital operations WDTN-TV (NBC) and wdtn.com.

Nexstar Media Inc. Promotes Melissa Jones to Vice President and General Manager of Its Broadcasting and Digital Operations in Dayton, Ohio

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Here is how Nexstar Broadcasting Group (NXST) and Perdoceo Education (PRDO) have performed compared to their sector so far this year.

Has Nexstar Media Group (NXST) Outpaced Other Consumer Discretionary Stocks This Year?

IRVING, Texas--(BUSINESS WIRE)-- #TIPInitiative--Nexstar Media Group, Inc. will report its 2022 second quarter financial results on Thursday, August 4, and host a conference call at 10am ET.

Nexstar Media Group to Report 2022 Second Quarter Financial Results, Host Conference Call and Webcast on August 4

The deal will see Nexstar take a 75% stake in CW, while Paramount and Warner Bros Discovery will each take 12.5%, The Wall Street Journal reports.

Nexstar Media Close to Taking 75% Stake in CW Network, Report Says

SHREVEPORT, La.--(BUSINESS WIRE)--The leading television stations serving the Shreveport television market today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes KTBS-TV (ABC), KSLA (CBS), KMSS-TV (Fox), KTAL-TV (NBC), KPXJ (CW) and KSHV-TV (MyNet). Based on the same fundamental technology as the Internet and digital apps, NextGen TV can support a wide range of features that are currently in development. In addition to providing a new

Major Broadcasters Launch NextGen TV on Six Local Television Stations in Shreveport, LA

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST) (the “Company”) announced today that Nexstar Media Inc. (“Nexstar”), a wholly-owned subsidiary, has closed a new five-year term loan A facility in an aggregate principal amount of $2,425 million and a new five-year revolving credit facility in an aggregate principal amount of $550 million. In addition, Mission Broadcasting, Inc. (“Mission”), a variable interest entity of the Company, has closed a new five-year revolving cr

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