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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NXST has used its position as one of the largest local television broadcasters to rebuild the company and capitalize on the shift in the media landscape. The company increased its dividend by 50% in January, and if management can continue to grow NewsNation and stem losses at The CW, we believe that the dividend goes higher.

Nexstar Media Group: Not Your Typical Local Television Play

Nexstar Media Group Inc. NXST, +2.23% said Friday its board has approved a 50% increase in its quarterly cash dividend to $1.35 a share. The diversified media company said the new dividend will be payable on Friday, Feb. 24 to shareholders of record as of Feb. 10.

Nexstar Media says board is raising quarterly dividend by 50% to $1.35 a share

IRVING, Texas--( BUSINESS WIRE )--Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors approved a 50% increase to its quarterly cash dividend to $1.35 per share beginning with the dividend declared for the first quarter of 2023. The dividend is payable on Friday, February 24, 2023, to shareholders of record on Friday, February 10, 2023.

Nexstar Media Group Raises Quarterly Cash Dividend by 50% to $1.35 Per Share

IRVING, Texas--( BUSINESS WIRE )--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2022 fourth quarter and full year financial results on Tuesday, February 28, 2023. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results.

Nexstar Media Group to Report 2022 Fourth Quarter and Full Year Financial Results, Host Conference Call and Webcast on February 28

IRVING, Texas--( BUSINESS WIRE )--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will release a new investor presentation on Tuesday, January 31, 2023. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the presentation.

Nexstar Media Group to Release New Investor Presentation and Host Investor Conference Call and Webcast on January 31

Netflix

NXST vs. NFLX: Which Stock Is the Better Value Option?

NXST or NFLX: Which Is the Better Value Stock Right Now?

LIV Golf, the Saudi-funded professional golf tour that launched last year, reached a deal to broadcast its events on CW Network.

LIV Golf reaches broadcast rights deal with CW Network

BURBANK, Calif.--( BUSINESS WIRE )--The CW Network (“The CW”) and LIV Golf (“LIV”) announced today they have entered into LIV's first-ever U.S. broadcast television and streaming agreement. The CW is set to become LIV's exclusive broadcast partner with a multi-year agreement beginning with the 2023 LIV Golf League season. As LIV's exclusive broadcast home in the U.S., The CW Network will air 14 global LIV Golf League live events in 2023 and will stream the events live on The CW App. Financial terms of the agreement were not disclosed.

The CW Network and LIV Golf Enter Into Multi-Year Agreement

BJ`s Wholesale Club Holdings Inc

Bowlero Corp

International Game Technology

Wyndham Hotels & Resorts Inc

Stocks such as BJ's Wholesale Club (BJ), International Game Technology (IGT), Wyndham Hotels & Resorts (WH), Nexstar Media Group (NXST) & Bowlero (BOWL) are most likely to gain from solid consumer sentiment.

5 Top Stocks to Gain From 9-Month High Consumer Sentiment

IRVING, Texas--( BUSINESS WIRE )--Nexstar Media Group, Inc. (NXST: NASDAQ) (“Nexstar” or “the Company”), today announced a newly-created advertising sales structure and leadership team designed to drive ad sales across Nexstar's diversified media portfolio by further emphasizing its client-first approach, combined with a new data-driven, multi-platform focus. Nexstar's portfolio of media assets offers a powerful combination of national brands and reach, coupled with the country's largest local broadcast station group capable of engaging local and national audiences at scale. Nexstar's media properties include 200 owned or partner stations in 116 markets reaching 212 million people; The CW Network, America's fifth broadcast network; NewsNation, the fastest growing national cable news network in the U.S; Antenna TV and Rewind TV, popular multicast networks; and leading digital news and information properties such as The Hill and Best Reviews.

Nexstar Announces Newly-Created Advertising Sales Structure and Leadership Team Focused on Data-Driven, Multi-Platform Approach

FuboTV

Townsquare Media

Radio and television broadcast companies, Nexstar Media (NXST), fuboTV (FUBO) and Townsquare Media (TSQ) are benefiting from higher content consumption and increased digital viewing despite intensifying competition for ad revenues.

3 Broadcast Radio & TV Stocks to Buy in a Challenging Industry

Agilent Technologies

Agnico Eagle Mines

Booz Allen Hamilton Hld

Walmart

Nexstar Broadcasting (NXST), Walmart (WMT), Booz Allen (BAH), Agilent (A) and Agnico Eagle Mines (AEM) look like solid choices to build the 2023 portfolio.

5 Top Dividend Growth Stocks for Assured Returns in 2023

NEW YORK--( BUSINESS WIRE )--NewsNation, America's fastest growing cable news network, today announced that Emmy award-winning journalist and television host Elizabeth Vargas will anchor “Elizabeth Vargas Reports,” an hour-long weekday news program debuting April 3, 2023 (6pm ET/5pm CT) from a new state-of-the-art studio in New York City.

Emmy Award-Winning Journalist Elizabeth Vargas to Join NewsNation as Host of “Elizabeth Vargas Reports”

Discover

Gaming and Leisure Properties

Lowe's

Pfizer

My top 5 picks for 2022 outperformed the S&P 500 by over 14%. I provide an update for those stocks in this article, two of which remain top picks for the coming year.

My 2022 Top 5 Beat By >10%, Plus My Top Buys For 2023

ALBUQUERQUE, N.M.--( BUSINESS WIRE )--The leading television stations serving the Albuquerque-Santa Fe television market today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes KOAT-TV (ABC), KRQE (CBS and Fox), KWBQ (CW) and KASY-TV (MyNet).

Major Broadcasters Launch NextGen TV on Four Local Television Stations in Albuquerque-Santa Fe

FORT WORTH-DALLAS, Texas & IRVING, Texas--( BUSINESS WIRE )--NBC 5 Dallas-Fort Worth / KXAS and Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group (NASDAQ: NXST), today announced the broadcast details for “Lone Star NYE: Countdown to 2023,” a New Year's Eve program airing Dec. 31, 2022 from 11:30 p.m. to 12:30 a.m. CST, hosted by NBC 5's Katy Blakey and KARK's D.J. Williams from Reunion Tower's Geo Deck. NBC 5 is the hometown broadcaster for this special New Year's Eve program, airing in an additional 23 markets on Nexstar and four of its partner television stations, with special musical guest, Texas native, Casey Donahew, and including the annual Dallas Reunion Tower Over the Top NYE fireworks spectacular.

NBC 5 Dallas-Fort Worth and Nexstar Media Inc. to Broadcast Annual New Year's Eve Television Special, ‘Lone Star NYE' Featuring Casey Donahew

Nexstar Media (NXST) to release a new unscripted documentary series, 100 Days to Indy on CW Network in spring 2023.

Nexstar Media (NXST) to Air 100 Days to Indy on CW Network

Sinclair Inc

CHAMPAIGN, Ill. & SPRINGFIELD-DECATUR, Ill.--( BUSINESS WIRE )--The leading television stations serving the Champaign & Springfield-Decatur television market today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WICS and WICD, WCIA (CBS), WRSP-TV and WCCU (Fox), WAND (NBC), WBUI (CW) and WCIX (MyNet).

Major Broadcasters Launch NextGen TV on Eight Local Television Stations in Champaign and Springfield-Decatur

BIRMINGHAM, Ala.--( BUSINESS WIRE )--The leading television stations serving the Birmingham television market today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WABM (ABC) and WDBB (ABC and CW), WIAT (CBS), WBRC (Fox), WVTM-TV (NBC), WTTO (CW), and WSES (Heroes and Icons).

Major Broadcasters Launch NextGen TV on Seven Local Television Stations in Birmingham, AL

IRVING, Texas--( BUSINESS WIRE )--Nexstar Media Group, Inc. (NASDAQ: NXST) today announced the appointment of innovative and experienced sales and advertising executive Michael Strober as Executive Vice President and Chief Revenue Officer, responsible for leading the reimagination and execution of a new advertising sales and go-to-market strategy for the Company. As Nexstar's diversified media portfolio has evolved into a powerful combination of national brands and reach, with the largest local broadcast station group capable of engaging local and national audiences at scale, this newly created position will enable the Company to effectively leverage its sales efforts across its linear, digital, mobile and streaming platforms to deliver new levels of revenue growth. Mr. Strober will report to Nexstar's Chairman and Chief Executive Officer, Perry Sook, and begin his new duties January 2, 2023.

Nexstar Media Names Michael Strober as Chief Revenue Officer

The stock price of Nexstar Media Group (NXST) increased by 5.22% after hours in the most recent trading session. This is why.

​​Nexstar Media Group (NXST) Increased 5.22% After Hours: Details

Flagstar Bancorp

Nu Skin Enterprises

New York Community Bancorp

PBF Energy

Sabre

NEW YORK , Nov. 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 1: Nexstar Media Group Inc. (NASD:NXST) will replace Sabre Corp. (NASD:SABR) in the S&P MidCap 400, and Sabre will replace Flagstar Bancorp Inc. (NYSE:FBC) in the S&P SmallCap 600. S&P MidCap 400 constituent New York Community Bancorp Inc. (NYSE: NYCB) is acquiring Flagstar Bancorp in a deal expected to be completed soon pending final conditions.

Nexstar Media Group and PBF Energy Set to Join S&P MidCap 400; Sabre and Nu Skin Enterprises to Join S&P SmallCap 600

Nexstar has a competent management, trades at very reasonable valuations, and has a good growth record. However, the company's dependence on the declining Cable/Satellite industry is a cloud on the horizon.

Nexstar Media Group: A Compelling Investment Even Under Conservative Assumptions

WASHINGTON--( BUSINESS WIRE )--Millions of Americans turned to The Hill, America's premier source for political and policy news, to navigate the recent midterm elections. The Hill's owned-and-operated digital platforms earned nearly 30 million page views1 last week and received more than 20 million additional views from syndication partners. On Election Day itself, readers spent more than 3 million hours on TheHill.com2. This represents more readership than any prior midterm election cycle and reflects the nation's need for The Hill's trusted, credible and non-partisan reporting.

The Hill's Midterm Election Coverage Sets New Audience Record

Nexstar Media Group, which has long been known for its enviable balance sheet and knack for finding ways to economize, plans to fund its investment in The CW with proceeds from its sale of a Chicago property to a casino developer.

News for Nexstar Media Group Stock (NXST)