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's stock, the largest television station owner and operator in the U.S. with 198 stations, at $114 is currently only 11% below its pre-Covid peak of $128 in February 2020. And, we believe that the stock could see a much stronger upside once the Covid-19 fear abates.

Nexstar Stock Down Only 11% From 2020 Peak, What's Next?

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group increased its quarterly cash dividend by 25 percent and announced a new $1.0 billion share repurchase authorization.

Nexstar Media Group Increases Quarterly Cash Dividend by 25 Percent and Announces $1.0 Billion Share Repurchase Authorization

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group appoints former HBO global distribution president Bernadette Aulestia to serve on its Board of Directors.

Nexstar Media Group Appoints Bernadette Aulestia to Board of Directors

It will also expand the programming line-up at the all-news network launched last year under the same name as a “fact-based and unbiased” alternative to CNN, MSNBC, and Fox News.

Can Nexstar's `Fact-Based' And ‘Unbiased' News Channel Attract Viewers?

CHICAGO & IRVING, Texas--(BUSINESS WIRE)--WGN America, Nexstar's cable network, to rebrand as NewsNation and expand its weeknight news programming with two new shows beginning March 1.

Nexstar Media's Cable Network, WGN America, to Rebrand as NewsNation and Expand News Programming to Five Hours on Weeknights Beginning March 1

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group and Feeding America partner to fight hunger and food insecurity. Nexstar is donating $2 million in airtime and financial support.

Nexstar Media Group and Feeding America® Announce Partnership Valued at $2 Million to Combat Hunger and Food Insecurity Across the United States

CHICAGO & IRVING, Texas--(BUSINESS WIRE)--Jonathan Killian, former CNN International executive, joins Nexstar's WGN America as Vice President, Creative Marketing and Brand Communications.

Nexstar Media's Cable Network, WGN America, Names Jonathan Killian Vice President, Creative Marketing and Brand Communications

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its wholly-owned cable network, WGN America, has reached a multi-year comprehensive agreement with Vidgo, and will be carried by the live TV streaming platform beginning on January 15, 2021. In the last two months, Nexstar has reached five agreements with subscription-based streaming services for the distribution of WGN America, expanding the network's reach by 8.5 million subscribers. Financial terms

Nexstar's Cable Network, WGN America, Reaches Carriage Agreement With Vidgo

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2020 fourth quarter financial results before the market opens on Tuesday, February 23, 2021. The Company will host a conference call and webcast at 9:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial 323-794-2597, conference ID 3115135 (domestic and international callers). Participants can also listen to a live webcast of the ca

Nexstar Media Group to Report 2020 Fourth Quarter Financial Results, Host Conference Call and Webcast on February 23

CHICAGO & IRVING, Texas--(BUSINESS WIRE)--Award-winning journalist Ashleigh Banfield will join Nexstar Media Group's cable network WGN America as host of new news and talk show “Banfield.”

Award-Winning Journalist Ashleigh Banfield to Join Nexstar Media Group's Cable Network, WGN America

TEGNA

Major TV station groups Nexstar and Tegna have renewed NBC affiliate agreements covering a combined 53 markets. While Nexstar is the No. 1 owner of local TV stations in the U.S., Tegna is the largest NBC affiliate owner. The new agreements cover affiliates in 33 markets owned by Nexstar and its partners, as well as...

NBC Affiliate Agreements Renewed By Major Station Groups Nexstar, Tegna

IRVING, Texas--(BUSINESS WIRE)--Nexstar and its operating partners have reached agreements to renew the existing NBC Television Network affiliations in 33 markets.

Nexstar Media Group and NBC Television Network Renew Long-Term Affiliation Agreements

The results of a backtested quantitative strategy reveal an interesting relationship between stock returns and odd years. It's easy to think Nexstar stock performs well in election years considering its nature of business, but this couldn't be far from the truth.

Nexstar Media: A Deeply Undervalued Seth Klarman Holding

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DISH Network

Dish Network and Nexstar Media Group, the No. 1 U.S. owner of local TV stations, have resolved a carriage dispute that took 164 Nexstar stations and cable network WGN America off the air for more than three weeks. The deal was announced just after 1AM ET on Friday, Christmas Day. In a press release, Nexstar...

Dish Network And Nexstar Resolve Carriage Impasse, Restoring Local Stations And WGN America

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”), today announced that it has reached a comprehensive multi-year distribution agreement with DISH Network. The agreement restores Nexstar's 164 local television stations across the country and Nexstar's wholly-owned cable network, WGN America, to DISH Network's programming line-up. WGN America will also launch on DISH's streaming service, Sling TV, in early 2021. Financial terms of the agreement were not disclos

Nexstar Media Group and DISH Network Reach Multi-Year Distribution Agreement

ENGLEWOOD, Colo., Dec. 24, 2020 /PRNewswire/ -- DISH Network Corporation today announced it reached a new, multi-year carriage agreement with Nexstar Media Group. Local stations and WGN America have been immediately restored on DISH TV. In addition, WGN America will be available on SLING...

DISH and Nexstar reach new multi-year carriage agreement, restore local stations to customers

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IRVING, Texas & DENVER--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST) today announced that KDVR-TV and KWGN-TV, Nexstar Inc.'s local television stations serving the Denver, Colorado, area (DMA #16) have begun broadcasting with NEXTGEN TV, the revolutionary new digital broadcast technology powered by ATSC 3.0. Denver is Nexstar's twelfth market to begin broadcasting with ATSC 3.0 this year, and the second top-20 market to do so. Based on the same fundamental technology as the Interne

Nexstar Media Group Launches NEXTGEN TV in Denver, Marking the Company's 12th Market and 22nd Station to Rollout ATSC 3.0 in 2020

FuboTV

Nexstar Media Group said its widely distributed cable network WGN America has reached its first carriage agreement with internet-delivered bundle FuboTV. The multi-year deal comes as Nexstar, the No. 1 owner of local TV stations in the U.S., remains in a carriage dispute with Dish Network that boiled over last week. Dozens of Nexstar stations...

As Dish Dispute Continues, Nexstar's WGN America Inks FuboTV Carriage Deal

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group's wholly-owned cable network, WGN America, reached a new multi-year carriage agreement with fuboTV.

News for Nexstar Media Group Stock (NXST)