Nexstar Media Group Inc is a leading telecommunications and media company that specializes in broadcasting television and providing digital content across various platforms
The company owns and operates a significant number of local TV stations and engages in the production and distribution of news, entertainment, and sports programming. Additionally, Nexstar leverages its extensive reach to offer advertising solutions to local and national advertisers, enhancing their visibility through various media channels. With a commitment to delivering quality content to diverse audiences, Nexstar plays a crucial role in the modernization of television broadcasting and the expansion of digital media services.
Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors approved a 10% increase to its quarterly cash dividend to $1.86 per share beginning with the dividend declared for the first quarter of 2025. The dividend is payable on Wednesday, February 26, 2025, to shareholders of record on Wednesday, February 12, 2025.
Over the past six months, Nexstar Media’s shares (currently trading at $152.86) have posted a disappointing 13.9% loss, well below the S&P 500’s 7.7% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Nexstar Media Group, Inc. (NASDAQNXST) announced today that it will report its 2024 fourth quarter financial results on Thursday, February 27, 2025. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results.
NewsNation today announced new additions to its primetime programming line-up, with On Balance hosted by anchor/reporter Leland Vittert taking over the 9 pm ET hour, and Elizabeth Vargas Reports, hosted by veteran journalist Elizabeth Vargas, moving to 7 pm ET. The new line-up is effective Monday, February 10. The network also announced that it has reached a new multi-year agreement with Ms. Vargas to continue hosting her weeknight program.
Today at 5 p.m. ET, Altice USA removed from its Optimum cable systems the network and local programming provided by Nexstar Media Group, Inc. (NASDAQNXST) on 63 local television stations in 42 markets across the country. Altice also removed Nexstar’s national cable news network, NewsNation, from its cable system, with a new Congress taking office and the Presidential inauguration less than two weeks away. Altice has decided to deprive more than two million Americans of critical local news, the NFL Playoffs, live sports and other entertainment programming, as well as essential alerts regarding winter weather and natural disasters.
Nexstar Media Group, Inc. (NASDAQNXST) and NBCUniversal have reached a comprehensive multi-year agreement to renew NBC Television Network affiliations in 33 markets across the country, including 29 stations owned by Nexstar, three owned by Mission Broadcasting, Inc., and one owned by White Knight Broadcasting, Inc. Together, the 33 stations reach more than 14 million U.S. television households.
NewsNation today announced that anchor and reporter Chris Cuomo has reached a multi-year agreement with the network to continue hosting his top-rated primetime program, CUOMO, weeknights at 8 p.m. ET.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how iHeartMedia (NASDAQIHRT) and the rest of the broadcasting stocks fared in Q3.
Nexstar Media Group, Inc. (NASDAQNXST) today announced that executive management will participate in two institutional investor conferences in December. Among other topics, management will address its record financial results in 2024 to date, the impact of broadcast television political advertising on the outcome of the 2024 election, and the potential for ownership de-regulation under the new administration and how and why Nexstar could participate.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at broadcasting stocks, starting with FOX (NASDAQFOXA).
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including Nexstar Media (NASDAQNXST) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including Gray Television (NYSEGTN) and its peers.
Nexstar Media Group, Inc. (NASDAQNXST), today announced the appointment of Bill Sammon as Senior Vice President of Washington, D.C., Editorial Content for The Hill, the nation’s leading source of digital political news and analysis, and NewsNation, Nexstar’s national cable news network. In this newly created position, Mr. Sammon will be responsible for directing Nexstar’s national news content in the nation’s capital, where he will be based. Mr. Sammon will report to Cherie Grzech, President and Managing Editor for News and Politics at NewsNation, and assume his new duties on Nov. 18.
Local broadcasting and digital media company Nexstar (NASDAQNXST) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 20.7% year on year to $1.37 billion. Its GAAP profit of $5.27 per share was 1.5% below analysts’ consensus estimates.
Nexstar Media Group Inc (NASDAQNXST) reported a record third-quarter net revenue of $1.366 billion, fueled by strong advertising and distribution revenues. Adjusted EBITDA jumped 82.8% and share repurchases were made.
Nexstar Media Group, Inc. (NASDAQNXST) (“Nexstar” or the “Company”) today reported financial results for the third quarter ended September 30, 2024 as summarized below. Please visit Nexstar’s website to view the full press release.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including AMC Networks (NASDAQAMCX) and its peers.
Nexstar Media Group, Inc. (NASDAQNXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.69 per share of its common stock. The dividend is payable on Friday, November 29, 2024, to shareholders of record on Friday, November 15, 2024.
Nexstar Media Group, Inc. (NASDAQNXST), today announced that it has agreed to acquire the assets of WBNX-TV/TV55 in Cleveland, Ohio, from the Winston Broadcasting Company. The acquisition will create a duopoly for Nexstar in the nation’s 19th largest television market, where the company already owns and operates WJW-TV (FOX).
The CW Network (The CW) today announced that Dennis Miller will be departing as Network President effective October 31, 2024. He will serve in an advisory role through the end of the calendar year. Prior to his current position with The CW, Mr. Miller was a member of Nexstar’s Board of Directors, which he joined in 2014.
Nexstar Media Group, Inc. (NASDAQNXST) today announced that its media businesses across the country have helped raise close to $1.5 million to date from viewers to support relief efforts related to Hurricane Helene and the potential damage that may be caused by Hurricane Milton. Donations will go to aid several charitable organizations assisting victims of the storm, including the American Red Cross, United Way, and the Salvation Army, among others.
Nexstar Media Group, Inc. (NASDAQNXST), today announced that its owned and operated television stations in Augusta, Georgia (WJBF-D3 DMA #110); Monroe, Louisiana (KARD-D2 DMA #142); Wichita Falls, Texas (KFDX-D3 DMA #149); Terre Haute, Indiana (WTWO-D2 DMA #159); and Utica, New York (WFXV-D2 DMA #171), will become affiliates of The CW Network. All five local stations will begin carrying the network’s primetime entertainment, live sports, and special event programming beginning in September and October.
