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's true value is obscured by stalling carriage fee growth, CW Network losses, and de-bundling fears. All three headwinds will reverse over the next 12 months. NXST is poised to generate $40/share of FCF by year-end against a share price of $170. Management is committed to buybacks and is repurchasing 10% of the float per year, while also paying a 4 percent dividend.

Nexstar Media: Earnings Poised To Inflect, Potential $50 Of FCF/Share On The Horizon

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will report 2024 second quarter financial results on August 8, and host a conference call and webcast that morning at 10am ET.

Nexstar Media Group to Report 2024 Second Quarter Financial Results, Host Conference Call and Webcast on August 8

IRVING, Texas--(BUSINESS WIRE)--Nexstar promoted Lloyd Bucher to Vice President and General Manager of its broadcast and media operations in Philadelphia, PA, including WPHL-TV (CW).

Nexstar Promotes Lloyd Bucher to Vice President and General Manager of Its Broadcast and Digital Operations in Philadelphia, Pennsylvania

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group appointed Lisa Taylor SVP of Digital Advertising Sales, responsible for accelerating digital revenue across the broadcast group.

Nexstar Names Lisa Taylor as Senior Vice President of Digital Advertising Sales

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc., today announced that its owned and partner television stations will air “D-Day: The Greatest Victory,” to commemorate the 80th anniversary of D-Day, the largest air, land, and naval operation in wartime history, when Allied troops landed on the coast of Normandy, France, to liberate Europe from the Nazis. Produced by Nexstar Broadcasting in association with WAVY-TV in Norfolk, Virginia, the exclusive program will air in 117 markets acro.

Nexstar Honors the Heroes of “D-Day” With Documentary Airing on Its Local TV Stations and Cable News Network, NewsNation

IRVING, Texas--(BUSINESS WIRE)--Nexstar stations earned 35 regional Edward R. Murrow Awards from the Radio Television Digital News Association (RTDNA) for outstanding journalism.

25 Nexstar Television Stations Win 35 Regional Edward R. Murrow Awards for Outstanding Journalism and Exceptional Locally Produced News Programming

CHICAGO--(BUSINESS WIRE)--NewsNation, America's source for engaging and unbiased news, will expand its news programming to 24-hours-per-day Monday to Sunday, beginning June 1.

NewsNation Expands to 24/7 Cable News Network on June 1

BURBANK, Calif.--(BUSINESS WIRE)--The CW Network will launch its seven-night 2024-25 primetime schedule in the Fall of 2024 with an exciting array of new programming and sports.

The CW Network Announces Its Seven-Night Primetime Schedule for 2024-2025

BURBANK, Calif.--(BUSINESS WIRE)--The CW Network will be the broadcast home for 11 Pac-12 football games featuring Oregon State and Washington State during the upcoming 2024 season.

The CW Network to Broadcast Pac-12 Football Games to a National Audience in 2024

Nexstar Media Group, Inc. (NASDAQ:NXST ) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Joseph Jaffoni - JCIR Perry Sook - Founder, Chairman & CEO Michael Biard - President & COO Lee Ann Gliha - EVP & CFO Conference Call Participants Daniel Kurnos - The Benchmark Company Benjamin Soff - Deutsche Bank Steven Cahall - Wells Fargo Securities Alan Gould - Loop Capital Markets Craig Huber - Huber Research Partners James Goss - Barrington Research Associates Jason Bazinet - Citigroup John Kornreich - BK Media Aaron Watts - Deutsche Bank Barton Crockett - Rosenblatt Securities Operator Good day, and welcome to Nexstar Media Group's First Quarter 2024 Conference Call. Today's call is being recorded.

Nexstar Media Group, Inc. (NXST) Q1 2024 Earnings Call Transcript

With Paramount Global and its assets currently in play, Nexstar CEO Perry Sook was asked on a call today if the nation's biggest broadcast might look at CBS stations.

Nexstar CEO On CBS Stations – Can't Buy Them Under Current Regulatory Regime “But If That Were To Change, Maybe Our Opinion Would Change”

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group reported record first quarter revenue of $1.28 billion, including all-time high quarterly distribution revenue.

Nexstar Media Group Reports Record First Quarter Net Revenue of $1.28 Billion

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group owned and operated TV stations in Chicago, Norfolk, and Lafayette will become affiliates of The CW Network on September 1.

Nexstar Television Stations in Chicago, Norfolk, and Lafayette, LA, to Become Affiliated With The CW Network on September 1

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will report 2024 first quarter financial results on May 9, 2024, and host a conference call and webcast at 10am ET that morning.

Nexstar Media Group to Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 9

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The Federal Communications Commission has determined that local TV giant Nexstar Media Group's takeover of WPIX-TV in New York in 2020 violated federal limits on station ownership. In a ruling issued Thursday, the regulatory agency ordered Mission Broadcasting, Nexstar's partner in WPIX, to sell the station.

Nexstar Fined $1.2M By FCC And Could Lose Control Of CW Flagship WPIX-TV In New York; Company Vows To “Vigorously” Fight Ruling

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST), today released the following statement from its Chairman and Chief Executive Officer, Perry Sook, about the FCC's action regarding the Company's relationship with WPIX-TV in New York City: “We are extremely disappointed in today's action by the Federal Communication Commission regarding our relationship with WPIX-TV and we intend to dispute it vigorously. We believe the FCC has been misled by the often distracting noise i.

Nexstar Media Releases Statement on FCC Ruling Regarding Its Relationship With WPIX-TV

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Nexstar Media Group is anticipated to see a significant rebound in Political Advertising given the upcoming U.S. Presidential Election. While net revenue came under pressure in Q4 2023, as compared to the prior year quarter, operating expenses also saw a decline during this period. I take a bullish view of Nexstar Media Group.

News for Nexstar Media Group Stock (NXST)