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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Earnings data Q3 2023

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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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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.

Nexstar's CW Investment To Be Mostly Funded By Proceeds From Sale Of Chicago Property To Casino Developer

IRVING, Texas--( BUSINESS WIRE )--Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that Tom Carter, President and Chief Operating Officer, and Lee Ann Gliha, Executive Vice President and Chief Financial Officer, will be participating in the Stephens Investment Conference, including a fireside chat question-and-answer session on Wednesday, November 16, 2022 at 10:00 a.m. CT (11:00 a.m. ET).

Nexstar Media Group to Participate in the Stephens Investment Conference

Nexstar Media Group, Inc. (NASDAQ:NXST ) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Perry Sook - Chairman & Chief Executive Officer Tom Carter - President & Chief Operating Officer Lee Ann Gliha - Chief Financial Officer Conference Call Participants Dan Kurnos - The Benchmark Company Craig Huber - Huber Research Partners Jim Goss - Barrington Research Aaron Watts - Deutsche Bank Steven Cahall - Wells Fargo Barton Crockett - Rosenblatt Securities Nick Zangler - Stephens Operator Good day and welcome to the Nexstar Media Group Third Quarter 2022 Results Conference Call. Today's call is being recorded.

Nexstar Media Group, Inc. (NXST) Q3 2022 Earnings Call Transcript

HONOLULU--(BUSINESS WIRE)--The leading television stations serving the Honolulu market have begun broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology.

Major Broadcasters Launch NEXTGEN TV on Six Local Television Stations in Honolulu

Nexstar (NXST) delivered earnings and revenue surprises of 32.73% and 1.52%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Nexstar Broadcasting Group (NXST) Q3 Earnings Surpass Estimates

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group reported record third quarter 2022 financial results including net revenue, Adjusted EBITDA and free cash flow.

Nexstar Media Group Reports Record Third Quarter Net Revenue of $1.27 Billion

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The CW Network Names Beth Feldman Senior Vice President of Network Communications

The CW Network Appoints Rebekah Dopp as Executive Vice President of Distribution, Strategy, and Affiliate Relations

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IRVING, Texas & NEW YORK--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”), and Verizon FiOS (NYSE: VZ) (“Verizon”) today announced that they have reached a comprehensive multi-year distribution agreement regarding local television stations in 10 markets and Nexstar's fast-growing national cable news network, NewsNation.

Nexstar and Verizon FiOS Reach Multi-Year Distribution Agreement

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. declared a quarterly cash dividend of $0.90 per share of its common stock

Nexstar Media Group Declares Quarterly Cash Dividend of $0.90 Per Share

Sinclair Inc

Major Broadcasters Launch NEXTGEN TV on Seven Local Television Stations in Wichita-Hutchinson

IRVING, Texas--(BUSINESS WIRE)--Verizon FiOS removed the network and local community programming provided to millions of its subscribers by Nexstar Media Inc. local TV stations.

Viewers Deprived of Critical National and Local News, Important Weather Updates, College and NFL Football, Following Verizon FIOS' Removal of Nexstar Local TV Stations in Ten Markets and National Cable News Network NewsNation

Nexstar Media Group could see a significant boost in Political Advertising revenue in the upcoming quarter. However, investors will likely want to see evidence that the Core Advertising segment can also continue to see growth.

Nexstar Media Group: What Investors Might Look For Next Quarter

Nexstar Media's (NXST) CW Network launches a mental health program called Dare to Love, Defy to Hate to put light on the American youth's growing anxiety and depression.

Nexstar Media (NXST) Launches Dare to Love, Defy to Hate

Two senior executives at the CW — Rick Haskins, president of streaming and chief branding officer, and finance chief Mitch Nedick — are departing the network as Nexstar assumes control.

Two Senior CW Execs Depart In Wake Of Nexstar Takeover

Mark Pedowitz is exiting his post as head of The CW as Nexstar Media Group has formally closed a deal to acquire 75% interest in the broadcast network. Dennis Miller, a veteran Nexstar board member, has been named president of the CW, which will pursue a decidedly different strategy under its new owners.

Nexstar Closes Deal For Control Of The CW; Mark Pedowitz Exits Top Job

IRVING, Texas & LOS ANGELES--(BUSINESS WIRE)--Nexstar Media Group closes previously announced acquisition of The CW Network and names Dennis Miller President of The CW.

Nexstar Media Closes Acquisition of The CW Network

ROANOKE, Va. & LYNCHBURG, Va.--(BUSINESS WIRE)--The leading television stations serving the Roanoke-Lynchburg market today began broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology. Today's launch includes WSET-TV, WDBJ, WWCW, WSLS and WZBJ. 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 broadcasters to reach v

Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Roanoke-Lynchburg

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CHICAGO--(BUSINESS WIRE)--NewsNation, Nexstar Media Group, Inc.'s (NASDAQ: NXST) national cable news network, today announced it will offer the only live national television coverage of debates between the candidates running for the offices of Texas Governor, United States Senator from Georgia, and United States Senator from Pennsylvania. In addition, each exclusive telecast will include “Debate Night in America,” a pre- and post-debate special program featuring news and analysis from NewsNatio

NewsNation to Broadcast Exclusive Live National Coverage of Candidate Debates in Battleground States of Texas, Georgia, and Pennsylvania

With former CNN host Chris Cuomo set to helm a new network show, Nexstar Media looks to produce a new breakout. The post America's Top Local TV Firm Eyes Breakout, Hires Controversial Host appeared first on Investor's Business Daily.

America's Top Local TV Firm Eyes Breakout, Hires Controversial Host

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will report its 2022 third quarter financial results premarket on November 8 and host a conference call and webcast at 10am ET.

Nexstar Media Group to Report 2022 Third Quarter Financial Results, Host Conference Call and Webcast on November 8

CHICAGO--(BUSINESS WIRE)--NewsNation, Nexstar Media Inc.'s news and entertainment cable network, is launching “NewsNation Live with Marni Hughes,” beginning September 19.

News for Nexstar Media Group Stock (NXST)