Nexstar Media Group Raises Quarterly Cash Dividend by 10% to $1.86 Per Share
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.
Nexstar Media Group to Report 2024 Fourth Quarter Financial Results, Host Conference Call and Webcast on February 27
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 Announces New Additions to Primetime Line-Up
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.
Viewers Deprived of Critical News, Severe Weather Alerts, and the NFL Playoffs, as Altice USA Drops 63 Nexstar Television Stations From Optimum Platform
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 Renews Affiliation Agreements With NBC
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 and Chris Cuomo Reach Agreement on Multi-Year Contract Renewal
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.
Nexstar Media Group to Participate in Upcoming Investor Conferences
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.
Nexstar Appoints Bill Sammon as Senior Vice President of Washington, D.C., Editorial Content for The Hill and NewsNation
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.
Nexstar Media Group Reports Record Third Quarter Net Revenue of $1.37 Billion
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.
Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share
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 to Expand Presence in Cleveland With Acquisition of WBNX-TV/TV55
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).
Dennis Miller to Depart as President of The CW Network on October 31
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 Raises Nearly $1.5 Million to Date for Hurricane Relief Efforts
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 Television Stations in Augusta, Georgia; Monroe, Louisiana; Wichita Falls, Texas; Terre Haute, Indiana; and Utica, New York, to Become CW Network Affiliates
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.
Nexstar Media Group to Report 2024 Third Quarter Financial Results, Host Conference Call and Webcast on November 7
Nexstar Media Group, Inc. (
NASDAQNXST) announced today that it will report its 2024 third quarter financial results on Thursday, November 7, 2024. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results.
Nexstar Media Names Scott Weaver Senior Vice President of Government Relations
Nexstar Media Group, Inc. (
NASDAQNXST), today announced the appointment of Washington, D.C., and media and telecommunications industry advocate Scott Weaver as the company’s Senior Vice President of Government Relations. He will report directly to Nexstar’s Chairman and Chief Executive Officer, Perry Sook, and will begin his new duties on September 5. In this newly created role, Mr. Weaver will work with Mr. Sook to set the company’s legislative and regulatory priorities, represent Nexstar’s interests to the executive branch of the federal government, Congress, and a variety of regulatory bodies, and establish Nexstar’s first-ever Office of Government Affairs in Washington, D.C.
Nexstar Media Group to Participate in Upcoming Investor Conferences
Nexstar Media Group, Inc. (
NASDAQNXST) today announced that executive management will participate in three institutional investor conferences in September:
The CW Network and Gray Media Renew Affiliation Agreements for 38 Local Television Stations Across the Country
The CW Network and Gray Media (Gray) (
NYSEGTN) today announced that they have reached a comprehensive agreement to renew the affiliations of 38 Gray-owned television stations across the country. Together, the 38 stations reach nearly 10% of the U.S. audience, serving more than 12 million television households.
Nexstar Media Group Reports Record Second Quarter Net Revenue of $1.27 Billion
Nexstar Media Group, Inc. (
NASDAQNXST) (“Nexstar” or the “Company”) today reported financial results for the second quarter ended June 30, 2024 as summarized below. Please visit Nexstar’s website to view the full press release.
The CW Network Announces New Affiliates in Tucson, Arizona, Santa Barbara, California, and Corpus Christi, Texas
The CW Network (CW) today announced new television station affiliates in Tucson, Arizona (DMA #64), Santa Barbara, California (DMA #122), and Corpus Christi, Texas (DMA #130), effective September 1. In Tucson, the new CW affiliate will be KTTU-TV, owned by TEGNA Inc., in Santa Barbara, it will be KCOY-TV, owned by VistaWest Media, and in Corpus Christi, the new CW affiliate will be KSCC-TV, owned by Sinclair Broadcasting Group, LLC.
Nexstar Media Group Appoints Ellen Johnson to Board of Directors
Nexstar Media Group, Inc. (
NASDAQNXST) today announced the appointment of Ellen Johnson to its Board of Directors effective October 1, 2024. Ms. Johnson will serve as an independent director and will stand for election at the 2025 annual meeting of stockholders. Following her appointment, Nexstar will have 10 Board members, 9 of whom are independent and three of whom are women.
Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share, Announces New $1.5 Billion Share Repurchase Authorization
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, August 23, 2024, to shareholders of record on Friday, August 9, 2024. In addition, The Board of Directors also approved a new share repurchase program authorizing the Company to repurchase up to $1.5 billion of its common stock. The new share repurchase authorization is in addition to Nexstar’s existing share repurchase program announced in July 2022, of which $496 million remained as of May 8, 2024.
Nexstar Media Group to Report 2024 Second Quarter Financial Results, Host Conference Call and Webcast on August 8
Nexstar Media Group, Inc. (
NASDAQNXST) announced today that it will report its 2024 second quarter financial results on Thursday, August 8, 2024. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results.
Nexstar Promotes Lloyd Bucher to Vice President and General Manager of Its Broadcast and Digital Operations in Philadelphia, Pennsylvania
Nexstar Media Group, Inc. (
NASDAQNXST) today announced the promotion of Lloyd Bucher to Vice President and General Manager of its broadcast and digital operations in Philadelphia, Pennsylvania (DMA #4), overseeing the long-range planning and day-to-day management of WPHL-TV (CW), phl17.com, and their related mobile and social media channels. Mr. Bucher succeeds Vince Giannini, who retired earlier this month. He will assume his new duties immediately and report to Brandin Stewart, Senior Vice President and Regional Manager for Nexstar’s broadcasting division.
Nexstar Names Lisa Taylor as Senior Vice President of Digital Advertising Sales
Nexstar Media Group, Inc. (
NASDAQNXST) today announced the appointment of Lisa Taylor as Senior Vice President of Digital Advertising Sales, responsible for accelerating digital revenue growth across the company’s broadcast group. An experienced sales leader with an extensive background in local broadcasting, digital sales, data-mining, strategic planning, and new business development, Ms. Taylor will report to Andrew Alford, President of Nexstar’s broadcasting division, and begin her new duties on June 17.
