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

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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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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FuboTV

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group and FuboTV reached a new comprehensive multi-year distribution agreement for 89 Nexstar-owned local TV stations and NewsNation.

Nexstar Media Reaches Multi-Year Distribution Agreement With Fubo

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Few figures in the investment realm have captured attention quite like Michael Burry.

Revealed: Michael Burry's stock portfolio performance in 2023

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group entered into an extension of its employment agreement with Executive Vice President and Chief Financial Officer, Lee Ann Gliha.

Nexstar Media Group Extends Employment Agreement With Lee Ann Gliha, Executive Vice President and Chief Financial Officer

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that beginning January 1, 2024, its television stations in Grand Rapids, Michigan, Sioux Falls, South Dakota, and Panama City, Florida, will begin carrying the primetime entertainment and live sports programming of The CW Network on one of their related digital subchannels. “The addition of CW programming to these Nexstar-owned stations will bring the number of Nexstar and partner-owned CW affiliates to 45.

Nexstar Television Stations in Grand Rapids, Sioux Falls, and Panama City to Begin Carrying CW Network Programming on January 1

IRVING, Texas.--(BUSINESS WIRE)--Mission Broadcasting and Nexstar Media Group announced the launch of NextGen TV on WPIX-TV in New York City, the #1 TV market in the country.

Mission Broadcasting and Nexstar Media Group Launch NextGen TV on WPIX-TV in New York City

NASHVILLE, Tenn. & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group promotes Mike Spruill to VP and General Manager of WKRN-TV (ABC) broadcast and digital operations in Nashville, Tennessee.

Nexstar Media Promotes Mike Spruill to Vice President and General Manager of Its Broadcast and Digital Operations in Nashville, Tennessee

Iconic boy band to perform their greatest hits and will release their new single "Got U" at Midnight LAS VEGAS , Dec. 11, 2023 /PRNewswire/ -- Tune in and catch the legendary boy band  98 Degrees on Nexstar Media Group's "Las Vegas Countdown to 2024" television special on New Year's Eve as they say goodbye to 2023 and welcome 2024 with a performance of their greatest hits at Ghostbar at Palms Casino Resort. During the show, the band will debut their newest song, "Got U," around the stroke of midnight.

98 Degrees Celebrates NYE 2023 with an Intimate Concert During Nexstar Media Group's "Las Vegas Countdown to 2024" Television Special

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The “meme mania” that once propelled AMC Entertainment (NYSE: AMC ) stock to lofty price levels has long left the scene. Even as a speculative trade, AMC is no longer one of the strong opportunities among entertainment stocks.

7 Entertainment Stocks That Are Way Better Buys Than AMC

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will participate in the Stephens, BofA Securities, UBS and MoffettNathanson investor conferences in November and December.

Nexstar Media Group to Participate in Four Upcoming Investor Conferences

Nexstar Media Group, Inc (NASDAQ:NXST ) Q3 2023 Earnings Conference Call November 8, 2023 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Perry Sook - Chairman and Chief Executive Officer Mike Biard - President and Chief Operating Officer Lee Ann Gliha - Chief Financial Officer Tom Carter - Senior Advisor Conference Call Participants Dan Kurnos - Benchmark Barton Crockett - Rosenblatt Securities Benjamin Soff - Deutsche Bank Steven Cahall - Wells Fargo Craig Huber - Huber Research Partners Nick Zangler - Stephens Inc Jim Goss - Barrington Research Operator Good day and welcome to Nexstar Media Group's Third Quarter 2023 Conference Call. Today's call is being recorded.

Nexstar Media Group, Inc (NXST) Q3 2023 Earnings Call Transcript

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. reported third quarter 2023 financial results, including net revenue of $1.13 billion.

Nexstar Media Group Reports Third Quarter Net Revenue of $1.13 Billion

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. and Cox Communications announced that they have reached a comprehensive, multi-year distribution agreement.

Nexstar Media Group and Cox Communications Reach Multi-Year Distribution Agreement

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The investing world saw only a few names gain as much notoriety as Michael Burry.

Michael Burry stock portfolio performance update

In the closing of the recent trading day, Nexstar Broadcasting Group (NXST) stood at $137.89, denoting a +1.76% change from the preceding trading day.

Nexstar Broadcasting Group (NXST) Beats Stock Market Upswing: What Investors Need to Know

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Analysts Think Nexstar (NXST) Is a Good Investment: Is It?

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group declares a quarterly cash dividend of $1.35 per share of its common stock.

Nexstar Media Group Declares Quarterly Cash Dividend of $1.35 Per Share

IRVING, Texas & NEW YORK--(BUSINESS WIRE)--Nexstar Media Group and ReachTV are partnering to extend the distribution of NewsNation and the CW Network sports programming.

Nexstar Media and ReachTV Announce Partnership Extending Distribution of NewsNation and the CW Network

RICHMOND, Va. & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group promotes Steven Blanchard to VP and General Manager of its Richmond, Virginia, broadcasting operations WRIC-TV (ABC) and wric.com.

Nexstar Media Group Promotes Steven Blanchard to Vice President and General Manager of Its Broadcasting and Digital Operations in Richmond, Virginia

Nexstar Media Group is the largest local broadcast television group in the US and stands to benefit significantly from the 2024 presidential election. The company has shown impressive financial growth over the past decade, with revenues increasing over 1000%. Nexstar's strong cash flows, low valuation, and prudent capital allocation make it an attractive investment option for value-oriented investors.

Nexstar: Profit From The Next Election Cycle

Nexstar Broadcasting Group (NXST) closed at $147.17 in the latest trading session, marking a +1.41% move from the prior day.

Nexstar Broadcasting Group (NXST) Ascends While Market Falls: Some Facts to Note

Gannett Co.

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It may only be 2023, but coverage of next year's presidential election is already overtaking newswires. Former President Donald Trump's legal troubles are piling up but so far, the next race to the White House could still be between him and President Joe Biden.

Forget Fox News: 3 Media Stocks to Buy as Election Coverage Heats Up

The latest trading day saw Nexstar Broadcasting Group (NXST) settling at $142.73, representing a -0.01% change from its previous close.

Nexstar Broadcasting Group (NXST) Stock Dips While Market Gains: Key Facts

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Many companies are showing up as bargains right now, I cover my five favorites. Utilities may not be as good of a bargain as they seem, as their dividend yields are influenced by interest rates. Retailers and banks are showing up as potential bargains, but investors should be cautious and consider the risks associated with these industries.

Diving Into Dividends: Bargain Opportunities In Dividend Growth

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group released a new investor presentation highlighting recent events and their positive impact on the broadcast TV industry.

Nexstar Media Group Releases New Investor Presentation Highlighting Its Perspectives on the Evolving Media/Television Landscape

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A recent news story got me thinking about print media stocks making a comeback. Axios recently reported on Punchbowl News' revamped website.

Not Dead Yet: 3 Print Media Stocks Making a Comeback

News for Nexstar Media Group Stock (NXST)