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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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group released a new investor presentation highlighting recent events and their positive impact on the broadcast TV industry.

Nexstar Media Group Releases New Investor Presentation Highlighting Its Perspectives on the Evolving Media/Television Landscape

News Corp

New York Times

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Not Dead Yet: 3 Print Media Stocks Making a Comeback

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will report its 2023 third quarter financial results on November 8, and host a conference call and webcast at 10am ET.

Nexstar Media Group to Report 2023 Third Quarter Results, Host Conference Call and Webcast on November 8

AT&T

Nexstar Media Group (NXST) and DIRECTV reached a multi-year distribution agreement that will end DIRECTV's more than 75-day blackout of Nexstar's 176 local television stations and NewsNation cable news network.

Nexstar and DIRECTV Strike a Deal Ending DIRECTV's Blackout

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Nexstar (NXST) Is Considered a Good Investment by Brokers: Is That True?

DirecTV said on Monday it had reached a multi-year deal with Nexstar Media Group that would return the local broadcaster's content to the AT&T-controlled distributor's network after a more than two-month blackout.

DirecTV, Nexstar reach distribution deal to end blackout

EL SEGUNDO, Calif. and IRVING, Texas, Sept. 18, 2023 /PRNewswire/ -- DIRECTV and Nexstar Media Group, Inc. (NASDAQ: NXST) have officially reached a comprehensive new multi-year distribution agreement covering 176 Nexstar-owned local television stations and the company's national cable news network, NewsNation. This follows the return of the television stations and NewsNation to DIRECTV, DIRECTV STREAM and U-verse on the morning of Sept. 17.

DIRECTV and Nexstar Media Group, Inc., Reach New Multi-Year Distribution Agreement

Ending a two-and-a-half month impasse, DirecTV and leading station owner Nexstar Media Group have agreed to restore the signals of dozens of stations as the companies work to finalize a carriage renewal.

DirecTV And Nexstar Agree To Temporarily Restore Stations, Letting Millions View NFL Football As Companies Finalize Carriage Deal

DirecTV and Nexstar have agreed to temporarily return the signals of the Nexstar-owned stations and national cable news network NewsNation to DirecTV, DirecTV Stream and U-verse, the companies said in a joint statement on Sunday.

DirecTV to temporarily restore Nexstar-owned stations

EL SEGUNDO, Calif. and IRVING, Texas, Sept. 17, 2023 /PRNewswire/ -- DIRECTV and Nexstar Media Group, Inc. (NASDAQ: NXST) this morning issued the below joint statement

DIRECTV and Nexstar Media Group, Inc., Agree to Temporarily Return TV Stations and Cable News Network NewsNation to DIRECTV, DIRECTV STREAM, and U-verse

The industry got a boost from the settled Disney-Spectrum deal. News reports surfaced that Disney was in talks with Nexstar about selling ABC.

Why Nexstar Media Stock Rose 15.2% This Week

Disney

Discussions are reportedly still preliminary, but Disney CEO Bob Iger has suggested traditional television “may not be core to Disney.”

Disney Holds Talks To Sell ABC To Nexstar Media, Report Says

Disney CEO Bob Iger said in July that the company could sell some of its traditional TV assets that have struggled for years due to the rise of streaming services.

Disney reportedly in talks with local TV station owner Nexstar to sell ABC

Walt Disney Co. DIS, +1.11% is in initial talks on a possible sale of ABC to local broadcaster Nexstar Media Group Inc. NXST, +5.27%, Bloomberg News reported, citing people familiar with the situation. The talks are preliminary and no specific valuation has yet been discussed, the people said.

Disney stock rises on report it's in early talks with Nexstar on possible sale of ABC

Walt Disney Co has held exploratory discussions about selling its U.S. TV network ABC to regional TV station operator Nexstar Media Group Inc , people familiar with the matter said on Thursday.

Disney holds preliminary talks with Nexstar on ABC sale -sources

SACRAMENTO, Calif. & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST), today announced the appointment of Cathy Gunther as Vice President and General Manager of its broadcasting and digital operations in Sacramento, CA (DMA #20), including KTXL-TV (FOX), FOX40.com, and their related digital and social media channels. Ms. Gunther will begin her duties immediately and report to Matthew Rosenfeld, Senior Vice President and Regional Manager for Nexstar's broadcasting divisio.

Nexstar Media Group Names Cathy Gunther as Vice President and General Manager of Its Broadcasting and Digital Operations in Sacramento, California

Nexstar (NXST) announces that its television network, The CW Network, has started the live broadcasting of the first season of ACC college football from Sep 9.

Nexstar (NXST) Broadcasts the First Season of ACC Football

IRVING, Texas--(BUSINESS WIRE)--The Nexstar Media Charitable Foundation today announced that it has made another $50,000 donation to Feeding America®, the nation's largest domestic hunger relief organization, to assist with Feeding America's promotion of “Hunger Action Month,” which began Friday, September 1. The contribution is part of Nexstar Media Group, Inc.'s, ongoing four-year $2 million partnership with Feeding America. As part of the partnership, during the month of September, Nexstar's.

Nexstar Media Charitable Foundation Donates $50,000 to Feeding America to Commemorate September as “Hunger Action Month”

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IRVING, Texas & LOS ANGELES--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), and Fox Corporation (NASDAQ: FOXA, FOX) today announced that they have reached a comprehensive multi-year agreement renewing the FOX affiliations of 29 Nexstar-owned stations across the United States, including those in six of the country's top twenty markets. In addition, Fox Corporation has reached agreements to renew the FOX affiliations of 12 stations that have shared services agreements with Nexstar, 11.

Nexstar Media and Fox Corporation Renew and Extend Multi-Year Affiliation Agreement

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that KAUT-TV, one of the company's owned and operated television stations serving Oklahoma City, Oklahoma, will become an affiliate of The CW Network on September 1, 2023. KAUT-TV will begin carrying The CW's primetime entertainment and live sports programming at that time. “KAUT-TV has a legacy of providing their viewers, advertisers, and the community with outstanding service, and we are very pleased to.

Nexstar's KAUT-TV in Oklahoma City to Become CW Network Affiliate on September 1

BURBANK, Calif.--(BUSINESS WIRE)--The CW Network (The CW) today announced that it has expanded and extended its network affiliation agreement with Gray Television, Inc. (Gray). Gray will continue carrying The CW's entertainment and sports programming on television stations in a total of 55 markets across the country, 42 of which are covered under the terms of the new agreement and 13 of which are covered by previous agreements with the network. In addition, beginning September 2, Gray will laun.

The CW Network and Gray Television Expand and Extend Affiliation Partnership

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST), today announced the promotion of accomplished media executive Tracey Rogers to Senior Vice President and Regional Manager for its broadcasting division, overseeing Nexstar television stations and digital operations in multiple markets across the country. Ms. Rogers will begin her duties on September 5, and be based at the company's headquarters in Irving, TX. She will report to Andrew Alford, President of Nexstar's broadc.

Nexstar Media Group Promotes Tracey Rogers to Senior Vice President and Regional Manager

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Television viewers continued to cut the cord in droves during the latest quarter as the value proposition of traditional TV dwindled further.

News for Nexstar Media Group Stock (NXST)