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) will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 7, 2023, at 12:55 p.m. PT (3:55 p.m. ET). President Tom Carter and CFO Lee Ann Gliha will be featured in a fireside chat, which will include a question-and-answer session.
A live webcast and replay of the event will be available on Nexstar's Investor Relations section of their website. This engagement underscores Nexstar's commitment to transparency and investor relations.
Nexstar Media Inc. has appointed Joe Ruffolo as Senior Vice President and General Manager for The Hill and NewsNation Digital, effective March 6. This newly created role aims to oversee long-term strategy and daily operations as Nexstar realigns its digital news platforms, integrating The Hill into the Networks Division. The Hill will also launch a weekly news analysis program on NewsNation later this spring. Ruffolo's extensive media background includes roles in major organizations such as Disney and CNN.
NewsNation is recognized as the fastest-growing national cable news network in the U.S., reaching 70 million households.
Nexstar Media Group (NASDAQ: NXST) has announced a 50% increase in its quarterly cash dividend to $1.35 per share, starting with the first quarter of 2023. The dividend will be payable on February 24, 2023, to shareholders of record on February 10, 2023. This increase marks the tenth consecutive annual cash dividend increase and reflects the company's confidence in its ability to generate significant free cash flow. The company continues to prioritize returning capital to shareholders while also focusing on share repurchases and debt reduction.
Nexstar Media Group, Inc. (NASDAQ: NXST) announced it will release its 2022 fourth quarter and full year financial results on February 28, 2023. A conference call to discuss these results will be held at 10:00 a.m. ET on the same day. Interested parties can join by dialing +1 877-407-9208 for domestic calls or +1 201-493-6784 for international calls, using conference ID 13735877. A live webcast will also be available on the Nexstar website, with a replay accessible for 90 days post-event. Nexstar operates nearly 300,000 hours of original content annually and owns 200 broadcasting stations, reaching over 212 million viewers across the U.S.
Nexstar Media Group, Inc. (NASDAQ: NXST) will unveil a new investor presentation on January 31, 2023, at 10:00 a.m. ET. A conference call and webcast will accompany the presentation, accessible via the company's Investor Relations page. Participants can join by calling 1-877-407-9208 or 1-201-493-6784, using the conference ID 13735999. Nexstar operates a vast broadcasting network and digital assets, reaching 212 million people across 116 U.S. markets. The company offers premium advertising opportunities leveraging its engaging content.
The CW Network has secured a multi-year agreement as the exclusive U.S. broadcast partner for LIV Golf, beginning with the 2023 season. This partnership allows The CW to air 14 live events and stream them via The CW App, enhancing access for fans. The inaugural event is set for February 24-26 in Mexico. LIV Golf aims to modernize professional golf with innovative formats and a star-studded lineup, including players like Dustin Johnson and Phil Mickelson. The league is promoting a $405 million prize purse across its events, indicating substantial financial stakes and audience engagement.
Nexstar Media Group, Inc. (NASDAQ: NXST) has announced a new advertising sales structure to enhance its client-first approach, incorporating a data-driven, multi-platform sales strategy. The leadership team includes Chief Revenue Officer Michael Strober and experienced executives Todd Braverman, Brad Epperson, and Lori Tavoularis. The new structure will leverage Nexstar’s extensive media assets, including 200 stations reaching 212 million people, to drive ad sales performance. Braverman will head National Sales, Epperson will oversee Platform Operations & Technology, and Tavoularis will focus on developing next-gen advertising capabilities.
NewsNation has announced the launch of a new weekday news program, "Elizabeth Vargas Reports," set to debut on
KOAT-TV, KRQE, KWBQ, and KASY-TV have launched NextGen TV in the Albuquerque-Santa Fe market, utilizing ATSC 3.0 technology. This upgrade enhances viewership with improved video quality, better sound clarity, and advanced emergency alerts. The launch is a culmination of over a decade of development, coordinated by BitPath. Viewers can continue to access programming in both NextGen and existing DTV formats. NextGen TV is now available in over 50 cities nationwide, marking a significant leap in broadcast technology.
Nexstar Media Group (NASDAQ: NXST) announced details for the "Lone Star NYE: Countdown to 2023" program, airing on Dec. 31, 2022. Hosted by NBC 5’s Katy Blakey and KARK’s D.J. Williams, the event includes a live fireworks show from Reunion Tower. The program features Texas country singer Casey Donahew, celebrating his recent achievements. The broadcast will reach 24 markets across Texas and neighboring states, showcasing local talent and community traditions. This event exemplifies Nexstar’s commitment to local programming and viewer engagement.
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