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 (NXST) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Nexstar (NXST) Beat Estimates Again in Its Next Earnings Report?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Nexstar Media Group (NXST) Stock?

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Investors with an interest in Broadcast Radio and Television stocks have likely encountered both Nexstar Broadcasting Group (NXST) and Netflix (NFLX). But which of these two stocks presents investors with the better value opportunity right now?

NXST vs. NFLX: Which Stock Is the Better Value Option?

The average of price targets set by Wall Street analysts indicates a potential upside of 31% in Nexstar (NXST). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 31% Upside in Nexstar (NXST): Can the Stock Really Move This High?

HONOLULU--(BUSINESS WIRE)--Hawaiian Telcom has filed a Federal Communications Commission (FCC) complaint against Nexstar Media Inc. (Nexstar) regarding a failure to extend its retransmission consent agreement during active negotiations, which resulted in five broadcast channels and one cable network going dark. Nexstar is the largest broadcaster in the United States and parent company of KHON2 (FOX), KHII (MyNetwork), CW, GRIT, Rewind TV and NewsNation. Its proposed contract asks for a 70% incr.

Hawaiian Telcom Files Federal Communications Commission Complaint Against Nexstar Media Inc.

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2023 second quarter financial results on Tuesday, August 8, 2023. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial +1 877-407-9208 or +1 201-493-6784, conference ID 13739608 (domestic and international callers). Participants can also listen to a live webcast of the call.

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

The removal of Nexstar (NXST) stations deprives viewers of local news, weather updates, Women's World Cup soccer matches and MLB All-Star Game.

Removal of Nexstar (NXST) Deprives Viewers of Local News

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A new carriage dispute has been initiated between Nexstar Media Group and DirecTV forcing more than 150 local TV stations to go dark.

Nexstar Media Group Stations Go Dark On DirecTV As Carriage Dispute Begins

DirecTV removed TV station owner Nexstar Media Group's network and local community programming from its satellite, cable and streaming systems as they failed to reach a new distribution agreement, the companies said on Sunday.

DirecTV removes Nexstar's programming after failing to reach distribution agreement

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Nexstar Media Group is undervalued due to misconceptions about its growth potential and the impact of its recent acquisition of The CW Network. The company has a strong business model, with potential for increased retransmission fees, a turnaround of The CW, and growth in local TV advertising. In my mid-term bull case, Nexstar could be worth $550 per share in four years, offering investors significant upside potential.

Nexstar Media Group: The Path To $550/Share

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Investors interested in Broadcast Radio and Television stocks are likely familiar with Nexstar Broadcasting Group (NXST) and Netflix (NFLX). But which of these two stocks presents investors with the better value opportunity right now?

NXST vs. NFLX: Which Stock Should Value Investors Buy Now?

Are Investors Undervaluing Nexstar Media Group (NXST) Right Now?

The mean of analysts' price targets for Nexstar (NXST) points to a 33.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Nexstar (NXST) Could Surge 33.41%: Read This Before Placing a Bet

Nexstar, the nation's largest operator of local TV stations, said Thursday it is conducting an investigation after a news director at a Michigan station told its journalists to scale back its Pride Month coverage and "get both sides" on LGBTQ issues, saying their "polarizing" nature had upset some of its conservative viewers.

Nexstar investigates after Michigan news station told to 'get both sides' of Pride event

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group announced that at its 2023 Annual Shareholders' Meeting shareholders voted to declassify the Company's Board of Directors.

Nexstar Media Group Announces Shareholder Approval to Declassify the Board of Directors

IRVING, Texas--(BUSINESS WIRE)--Nexstar television stations in Top 15 markets, including Philadelphia, San Francisco and Tampa, to become CW Network affiliates on September 1.

Nexstar Television Stations in Philadelphia, San Francisco, and Tampa to Become Affiliated With The CW Network on September 1

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group promotes Carter Murphy to VP and General Manager of WJBF-TV broadcast and digital operations serving Augusta, GA, and Aiken, SC.

Nexstar Promotes Carter Murphy to Vice President and General Manager of Its Broadcasting and Digital Operations Serving Augusta, Georgia and Aiken, South Carolina

News for Nexstar Media Group Stock (NXST)