Welcome to our dedicated page for Nexstar Media Group news (Ticker: NXST), a resource for investors and traders seeking the latest updates and insights on Nexstar Media Group stock.
Nexstar Media Group, Inc. (NASDAQ: NXST) is the largest television station owner-operator in the United States, reaching approximately 68% of U.S. TV households. With over 200 television stations in 116 markets, Nexstar has grown significantly from a single station to a national powerhouse in just 20 years. The company owns and operates media assets such as NewsNation, America's fastest-growing national cable news network, and a 75% stake in The CW, one of the nation's leading broadcast networks.
Nexstar's portfolio also includes affiliations with major broadcast networks like CBS, Fox, NBC, and ABC, making it a top affiliate for these networks. The company also holds a 31% stake in the Food Network and the Cooking Channel, further diversifying its media reach. Nexstar's digital operations are expanding as well, offering comprehensive local news and information through platforms like The Hill and NewsNationNow.com.
Recent achievements include a multi-year extension of an agreement with Nielsen to provide Local and National TV measurement services across Nexstar's media businesses. This agreement will help Nexstar leverage Nielsen's comprehensive suite of digital and TV measurement solutions, providing accurate audience insights and data-driven measurement.
Nexstar is committed to delivering exceptional service and unique local content to the communities it serves. The company’s ability to engage local audiences and offer targeted advertising solutions makes it a valuable partner for businesses and advertisers. With a strong financial position and a diversified portfolio, Nexstar continues to be a leading force in the media industry, driving innovation and growth across its platforms.
Nexstar Media Group (NASDAQ: NXST) has appointed Samantha Osborne Reynolds as Vice President of Political Sales, effective February 18. She will lead the company's newly created national political sales division, focusing on developing political advertising strategies across all platforms and driving growth in linear, digital, and connected TV political revenues.
Reynolds brings over 17 years of experience in political strategy and advertising, previously serving as Vice President, Political, Advocacy and Automation at E.W. Scripps Company. In her role, she will be based in Washington, D.C., reporting to Jon Camera, Nexstar's Senior Vice President for Advertising Sales.
Her background includes significant political campaign experience, including roles as National Deputy Digital Field Director for Romney for President in 2012 and Chief Digital Officer at the Republican National Committee in 2017.
The CW Network's broadcast of the 2025 NASCAR Xfinity Series season opener at Daytona achieved significant viewership success, drawing 1.8 million total viewers. The race marked the most-viewed Xfinity Series season opener at Daytona since 2020 and the most-watched Xfinity Series race since Talladega in April 2022.
Viewership peaked at 2.2 million during the 7:30 p.m. ET quarter hour. Compared to last year's weather-impacted opener, the broadcast saw substantial increases across key demographics: 93% in total viewers, 76% in Adults 18-49 (330,000), and 47% in Adults 25-54 (444,000). The race also outperformed The CW's final playoff race from Phoenix with double-digit percentage increases.
The CW Network has appointed Michael Perman as Senior Vice President of Sports, reporting to President Brad Schwartz. In this newly created position, Perman will oversee all strategy, programming, and media rights for CW Sports. He brings over 20 years of experience from major sports media brands, including roles at Aggregate Sports, NBC Sports Group, and the NBA.
The network currently manages nearly 400 hours of annual sports content, including NASCAR, WWE, ACC, Pac12, Grand Slam Track, and Inside The NFL. Perman's previous experience includes overseeing acquisitions and programming for properties such as NASCAR, NHL, IndyCar, and Tour de France at NBC Sports, as well as managing relationships with UFC, boxing, and college sports at Comcast.
Nexstar Media Group (NASDAQ: NXST) has appointed Ric Harris as Vice President and General Manager of its broadcast and digital operations in Chicago (DMA #3). Harris will oversee WGN-TV (CW), WGN-TV+, wgntv.com, and related mobile and social media channels, succeeding Paul Rennie who retired last year.
Harris brings over 25 years of leadership experience in broadcast management, content development, advertising, marketing, and sales. He joins Nexstar after serving nearly ten years as President and General Manager of WCAU-TV, Telemundo62, and NBC Sports Philadelphia. Previously, he was President and General Manager of WVIT-TV in Hartford, Connecticut (2013-2015).
Throughout his career, Harris has demonstrated success in growing ratings, revenue, and profitability. He will report to Brandin Stewart, Senior Vice President and Regional Manager for Nexstar's broadcasting division.
Nexstar Media Group (NXST) has announced a 10% increase in its quarterly cash dividend to $1.86 per share, marking its twelfth consecutive annual dividend increase. The dividend represents a 4.7% annualized yield based on the January 28, 2025 closing stock price. The dividend will be payable on February 26, 2025, to shareholders of record as of February 12, 2025.
CEO Perry Sook highlighted that this increase reflects the company's strong free cash flow and commitment to shareholder returns. The company's strategy includes opportunistic share repurchases, debt reduction, and potential growth through M&A activities to enhance shareholder value. While regular quarterly dividends are planned for the foreseeable future, they remain subject to Board review and approval.
Nexstar Media Group (NASDAQ: NXST) and Altice USA (NYSE: ATUS) have announced a comprehensive partnership agreement, resulting in the immediate restoration of all Nexstar programming to Optimum TV customers. The service restoration affects approximately two million viewers, who will now have access to NFL playoff games and local news content. While the companies expressed gratitude to their customers for their patience during the negotiation process, the specific terms of the agreement were not disclosed.
Nexstar Media Group (NASDAQ: NXST) has announced it will release 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 to discuss the results.
Interested participants can join via phone using the numbers +1 877-407-9208 (domestic) or +1 201-493-6784 (international) with conference ID 13751217. A live webcast will be available through Nexstar's website, with a replay accessible for 90 days following the event.
NewsNation has announced changes to its primetime programming lineup, effective February 10. 'On Balance' with Leland Vittert will move to 9 pm ET, while 'Elizabeth Vargas Reports' will shift to 7 pm ET. The network has also secured a multi-year contract renewal with Elizabeth Vargas.
Since its debut, 'On Balance' has shown significant growth, with a 270% increase in total viewers and over 500% growth among adults 25-54. Similarly, 'Elizabeth Vargas Reports', launched in Spring 2023, has experienced a 20% increase in total viewership since its premiere.
Both hosts have played important roles in NewsNation's coverage of major events, including the Ukraine war, Middle East conflicts, Israel-Hamas war, and the 2024 Presidential campaign. Together with Chris Cuomo, they co-anchored the network's 2024 election night coverage, where NewsNation became the first television network to project the presidential race winner.
Nexstar Media Group (NASDAQ: NXST) reported that Altice USA has removed 63 Nexstar television stations from its Optimum cable systems across 42 markets, affecting over two million viewers. The removal, effective at 5 p.m. ET, includes Nexstar's national cable news network, NewsNation.
The disruption impacts viewers' access to critical local news, NFL Playoffs, live sports, entertainment programming, and essential weather alerts. Despite Nexstar's attempts to negotiate since October, Altice has reportedly demanded special terms that Nexstar considers unreasonable and out of alignment with market standards.
According to Michael Biard, Nexstar's President and COO, this follows Altice's recent pattern, noting their previous removal of MSG Network. Biard acknowledged Altice's financial challenges with debt but criticized their approach of charging Optimum subscribers more while reducing services.
Nexstar Media Group (NASDAQ: NXST) and NBCUniversal have announced a multi-year renewal agreement to continue NBC Television Network affiliations in 33 markets across the U.S.
This renewal covers 29 stations owned by Nexstar, three owned by Mission Broadcasting, and one owned by White Knight Broadcasting. Collectively, these 33 stations reach over 14 million U.S. television households. Financial terms of the agreement were not disclosed.
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