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

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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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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

Nexstar Media Group Refinances Senior Secured Term Loans and Revolving Credit Facilities

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media and altafiber have reached a multi-year distribution agreement covering WDTN-TV (NBC) and national cable news network, NewsNation.

Nexstar and altafiber Reach Comprehensive Multi-Year Distribution Agreement

CHICAGO--(BUSINESS WIRE)--NewsNation is expanding its news programming with the launch of “Early Morning” anchored by Mitch Carr, airing weekdays at 6am ET beginning June 27.

NewsNation Expands Morning News Programming to Four Hours Each Weekday Beginning Monday, June 27

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group shareholders approve proposal to eliminate Class B and Class C share classes at the Company's 2022 Annual Shareholders' Meeting.

Nexstar Media Group Announces Shareholder Approval to Eliminate Class B and Class C Share Classes

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FRESNO, Calif.--(BUSINESS WIRE)--The leading television stations serving the Fresno-Visalia market today began broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology. Today's launch includes KGPE (CBS), KMPH-TV (FOX), KSEE (NBC), KNSO (Telemundo) and KFRE-TV (CW). 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, improved way for bro

Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Fresno-Visalia

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GREENVILLE, S.C.--(BUSINESS WIRE)--The leading television stations serving the Greenville-Spartanburg-Asheville-Anderson market today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WLOS (ABC), WSPA-TV (CBS), WHNS (FOX), WYFF (NBC) and WMYA-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

Major Broadcasters Launch NextGen TV On Five Local Television Stations in Greenville, SC

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group is participating in the Credit Suisse Communications Conference on June 15, and is webcasting its fireside chat at 1:45 pm ET.

Nexstar Media Group to Participate in the Credit Suisse 24th Annual Communications Conference

Nexstar has an excellent track record of delivering for shareholders, increasing fully taxed FCF from $2/share in 2012 to ~$35/share today. The stock is up ~25x over that period. Despite this growth, Nexstar has been assigned a low "melting ice cube" multiple for more than a decade due to concerns over the cable ecosystem.

Buy Superbly Managed, Growing Nexstar Media At 5x FCF Ahead Of Major New Business Initiative

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media appoints three broadcast leaders to Vice President and General Manager roles in Salt Lake City, Buffalo, Green Bay and Marquette.

Nexstar Media Inc. Names Three Veteran Broadcasters as Vice President and General Manager of Media Operations in Salt Lake City, Buffalo, Green Bay and Marquette

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

Surging Earnings Estimates Signal Upside for Nexstar (NXST) Stock

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Nexstar Media Group (NXST) a Great Value Stock Right Now?

WASHINGTON & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media is expanding its local news operations in Washington, D.C., Northern Virginia and Maryland with launch of "DC News Now."

Nexstar to Expand Local News Operations Serving Washington, D.C., Northern Virginia and Maryland

Nexstar Media Group, Inc. (NASDAQ:NXST ) Q1 2022 Earnings Conference Call May 10, 2022 10:00 AM ET Company Participants Joe Jaffoni - JCIR Perry Sook - Founder, Chairman & CEO Lee Ann Gliha - CFO Thomas Carter - President & COO Conference Call Participants Dan Kurnos - Benchmark Company Steven Cahall - Wells Fargo Alan Gould - Loop Capital Craig Huber - Huber Research Partners Jim Goss - Barrington Research John Kornreich - J.K. Media Operator Good day and welcome to the Nexstar Media Group's First Quarter 2022 Results Conference Call.

Nexstar Media Group, Inc. (NXST) CEO Perry Sook on Q1 2022 Results - Earnings Call Transcript

Nexstar (NXST) delivered earnings and revenue surprises of 38.34% and 3.53%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Nexstar Broadcasting Group (NXST) Q1 Earnings and Revenues Surpass Estimates

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group reported record first quarter financial results that exceeded consensus expectations.

Nexstar Media Group Reports Record First Quarter Net Revenue of $1.21 Billion

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group appointed experienced legal executive Rachel Morgan to Executive Vice President and General Counsel.

Nexstar Media Group Appoints Rachel Morgan Executive Vice President and General Counsel

LOS ANGELES--(BUSINESS WIRE)--Nexstar Digital named Dennis Cook Senior Vice President of Sales Marketing overseeing its go-to-market strategy and advertising sales initiatives.

Nexstar Digital Names Dennis Cook Senior Vice President of Sales Marketing

CHICAGO--(BUSINESS WIRE)--Nexstar names Beth Feldman Executive Director of Communications for its Networks division including NewsNation, Antenna TV, Rewind TV, and WGN Radio.

Nexstar Networks Names Beth Feldman Executive Director of Communications

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group is reporting 2022 first quarter financial results on May 10 and is hosting a conference call and webcast at 10am ET that morning.

Nexstar Media Group to Report 2022 First Quarter Financial Results, Host Conference Call and Webcast on May 10

LOS ANGELES--(BUSINESS WIRE)--Nexstar Digital's total unique users in January 2022 increased over 45% year-over-year to 133 million, delivering valuable audiences to advertisers.

Nexstar Digital Reaches 133 Million Unique Visitors in January 2022 and Achieves +45% Year-Over-Year Growth, Delivering a Powerful Opportunity to Advertisers

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media names Klarn DePalma SVP of Group Sales and Sponsorships for the Company's broadcast stations and associated digital properties.

Nexstar Names Klarn DePalma as Senior Vice President of Group Sales and Sponsorships

CHICAGO--(BUSINESS WIRE)--NewsNation, Nexstar Media's cable news network, expands its live news programming bringing more than 60 hours of news, analysis and talk every week.

News for Nexstar Media Group Stock (NXST)