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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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.

1.7 million Americans cut the cord last quarter as traditional TV continues to erode

IRVING, Texas & HONOLULU--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that a fundraising effort led by its station in Honolulu, HI, KHON2 (DMA #66), has raised $1,187,712 in donations to assist victims affected by the recent wildfires that devastated Maui. The effort was capped off with an additional $134,253 in donations from a telethon hosted by Nexstar's KLAS-TV (DMA #40) in Las Vegas, NV, and a $20,000 donation from the Nexstar Media Charitable Foundation. The.

Nexstar Television Station KHON2 in Honolulu Raises More Than $1.1 Million to Assist Hawaii Wildfire Relief Efforts

Nexstar Media Group has continued to show growth in distribution revenue from the same quarter in the previous year. Earnings saw a significant drop due to a lack of revenue growth and higher expenses. I take the view that as advertising demand ramps up heading into next year - we should see a rebound in earnings.

Nexstar Media Group: Resilient Performance Despite Pressure In The Advertising Space

IRVING, Texas--(BUSINESS WIRE)--The Radio Television Digital News Association (RTDNA) today announced the national winners of the Edward R. Murrow Awards, with the local news operations of Nexstar Media Group, Inc. (NASDAQ: NXST), receiving a total of six awards for excellence in the categories of “Breaking News,” won by WKRN-TV in Nashville, Tennessee, “Continuing Coverage,” won by WJZY-TV in Charlotte, North Carolina, “Excellence in Innovation,” won by KXAN-TV (in partnership with ClearHealth.

Nexstar Media Group Television Stations Receive Six National Edward R. Murrow Awards for Outstanding Journalism and Exceptionally Produced Local Content

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that Tom Carter, Senior Advisor to the Chief Executive Officer and Board of Directors, and Lee Ann Gliha, Executive Vice President and Chief Financial Officer, will participate in two institutional investor conferences in September: The BofA Securities Media, Communications and Entertainment Conference on Wednesday, September 13. Nexstar will host a fireside chat question-and-answer session at 3:40 p.m. ET.

Nexstar Media Group to Participate in Two September Investor Conferences

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that it has extended the employment agreement of Gary Weitman, the company's Executive Vice President and Chief Communications Officer. Mr. Weitman will continue reporting to Perry Sook, Nexstar's Founder, Chairman and Chief Executive Officer. “We are extremely pleased to be extending Gary's employment agreement with Nexstar,” said Mr. Sook. “Since joining the company in 2019, he has done an outstanding job.

Nexstar Media Group Enters Into Multi-Year Employment Agreement Extension With Chief Communications Officer Gary Weitman

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the appointment of Jon Camera as Senior Vice President of its national advertising sales division, responsible for overseeing and guiding the efforts of the company's newly created national sales team, with offices in markets across the country, including New York, Chicago, Los Angeles, Dallas, Atlanta, and Detroit. Mr. Camera will begin his new duties immediately and report to Todd Braverman, Executive Vi.

Nexstar Media Names Jon Camera as Senior Vice President of National Sales Division

Nexstar Media Group, Inc. (NASDAQ:NXST ) Q2 2023 Earnings Conference Call August 8, 2023 10:00 AM ET Company Participants Joe Jaffoni – Investor Relations Perry Sook – Chairman and Chief Executive Officer Tom Carter – President and Chief Operating Officer Lee Ann Gliha – Chief Financial Officer Conference Call Participants Dan Kurnos – Benchmark Steven Cahall – Wells Fargo Craig Huber – Huber Research Partners Benjamin Soff – Deutsche Bank Nick Zangler – Stephens Alan Gould – Loop Capital Markets Barton Crockett – Rosenblatt Securities Jim Goss – Barrington Research Operator Good day, and welcome to Nexstar Media Group's Second Quarter 2023 Conference Call. Today's call is being recorded.

Nexstar Media Group, Inc. (NXST) Q2 2023 Earnings Call Transcript

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Nexstar Broadcasting Group (NXST) came out with quarterly earnings of $2.64 per share, missing the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $5.56 per share a year ago.

Nexstar Broadcasting Group (NXST) Q2 Earnings and Revenues Miss Estimates

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or the “Company”) today reported financial results for the second quarter and six months ended June 30, 2023 as summarized below: Summary 2023 Second Quarter Highlights NEXSTAR - CONSOLIDATED(1)     Three Months Ended June 30,     %     Six Months Ended June 30,     %   ($ in millions)   2023     2022     Change     2023     2022     Change   Core Advertising Revenue   $404     $413       (2.2 )   $821     $841.

Nexstar Media Group Reports Second Quarter Net Revenue of $1.24 Billion

Nexstar Media Group's (NXST) second-quarter 2023 results are expected to reflect continued strength in audience viewership on its channels and improved advertising revenues.

What's in Store for Nexstar Media Group (NXST) in Q2 Earnings?

BURBANK, Calif.--(BUSINESS WIRE)--The CW Network today announced that it has extended the contract of Dennis Miller as President, which will now run through 2027. Mr. Miller joined the network as President in October 2022, following its acquisition by Nexstar Media Group, Inc. (NASDAQ: NXST). Since that time, Mr. Miller and his team have moved quickly to implement a dynamic new programming strategy at The CW, adding high-profile live sporting events including ACC college football and basketball.

The CW Network Extends Contract of Dennis Miller as President

Interpublic Group of Companies

Cogent Communications Holdings

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that it has issued an open Request for Proposals seeking a next-generation audience measurement partner capable of providing data that accurately reflects the scale and power of the company's national and local media businesses. As one of the country's largest omnichannel media companies, with a newly reimagined ad sales group, Nexstar believes media measurement must innovate in new ways, with innovative n.

Nexstar Media Group Seeks Next-Generation Audience Measurement Partner

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced the appointment of Tony Wells, 59, to its Board of Directors effective today, July 26, 2023. Mr. Wells fills the open Board position that was created when Dennis Miller stepped down last October to assume the role of President of The CW Network LLC, a 75%-owned subsidiary of Nexstar. As a result of the recent declassification of the Board, Mr. Wells, and all directors, will stand for election at the 2024 annual m.

Nexstar Media Group Appoints Tony Wells to Board of Directors

Mike Biard, a 23-year veteran of Fox Corp., has been appointed president and chief operating officer of Nexstar, the No. 1 owner of local TV stations in the U.S. and the parent of The CW and NewsNation.

Fox Corp. Vet Mike Biard Moves To Nexstar As President And COO; David Espinosa Named His Replacement As Distribution Chief

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or the “Company”), today announced the appointment of media executive Michael Biard as President and Chief Operating Officer. Mr. Biard will report to Nexstar's Chairman and Chief Executive Officer, Perry Sook, and assume his new duties on August 21, 2023. In conjunction with his appointment, Mr. Biard has entered into an employment agreement with the Company that extends through August 2027. Mr. Biard assumes h.

Nexstar Names Media Industry Executive Michael Biard as President and Chief Operating Officer

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Is Nexstar Media Group (NXST) Stock Undervalued Right Now?

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) and Hawaiian Telcom today announced that they have reached a comprehensive multi-year distribution agreement covering Nexstar's three local television stations serving Hawaii, national cable news network, NewsNation, and the company's digital network, Rewind TV. The agreement means that thousands of Hawaiian Telecom subscribers will once again be able to enjoy Nexstar's high-quality national and local content without inter.

Nexstar and Hawaiian Telcom Reach Multi-year Distribution Agreement

HONOLULU--(BUSINESS WIRE)--Hawaiian Telcom is pleased to have reached an agreement with Nexstar Media Inc. (Nexstar) to restore KHON2 (FOX), KHII (MyNetwork), NewsNation and other networks to the channel lineup today. On July 5, Hawaiian Telcom filed a Federal Communications Commission (FCC) complaint against Nexstar after the broadcaster failed to meaningfully extend its retransmission consent agreement during active negotiations, which resulted in five broadcast channels and one cable network.

Hawaiian Telcom Signs Agreement With Nexstar Media Inc.

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the appointment of Mitzi Coleman as Vice President and General Manager of its broadcast and digital operations serving Wheeling, West Virginia (DMA #163), Steubenville, Ohio and parts of western Pennsylvania, including WTRF-TV (CBS) and wtrf.com, and their related mobile apps and social media channels. Ms. Coleman is taking over for Roger Lyons, who is retiring after serving as WTRF-TV's Vice President and.

Nexstar Names Mitzi Coleman as Vice President and General Manager of Its Broadcasting and Digital Operations Serving Wheeling, West Virginia and Steubenville, Ohio

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the promotion of Larry Cottrill to Vice President and General Manager of its broadcast and digital operations serving Columbus, Ohio (DMA #32), including WCMH-TV (NBC4) and nbc4i.com, and their related mobile apps and social media channels. Mr. Cottrill is taking over for Ken Freedman, who is retiring after serving as WCMH-TV's Vice President and General Manager since 2017 and a 44-year career in broadcast.

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