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.
The CW Network announced the appointment of Beth Feldman as Senior Vice President of Network Communication, effective immediately. She succeeds Paul Hewitt, who departs after 22 years. Feldman brings nearly three decades of experience in media campaigns, previously working at CBS and Beyond PR Group. In her new role, she will oversee internal and external communications and promotional strategies. Feldman will also maintain her position at Nexstar Media as Executive Director of Communication for the Networks Division. Hewitt expressed gratitude for his long tenure.
Nexstar Media Group has appointed Rebekah Dopp as Executive Vice President of Distribution, Strategy, and Affiliate Relations for The CW Network. With an extensive background in linear and digital media, including her role at Google, Ms. Dopp will oversee distribution and affiliate relations, reporting to Dana Zimmer and Dennis Miller. This leadership change is anticipated to enhance programming discussions and strengthen partnerships moving forward. Ms. Dopp holds a Bachelor of Business Administration from The College of William & Mary.
Nexstar Media Group (NASDAQ: NXST) and Verizon (NYSE: VZ) have signed a multi-year distribution agreement reinstating 13 local television stations and NewsNation to Verizon FiOS in 10 markets. This agreement restores access to over three million Verizon subscribers, ensuring they can view key programming, including Major League Baseball’s World Series and college and NFL games. The stations had been unavailable since October 14, enhancing viewer access to local news, sports, and entertainment.
Nexstar Media Group, Inc. (NASDAQ: NXST) has declared a quarterly cash dividend of $0.90 per share, payable on November 28, 2022, to shareholders of record on November 14, 2022. The company intends to continue regular cash dividends, which will be reviewed quarterly by its Board of Directors. Nexstar is a prominent media company, operating nearly 300,000 hours of original content annually and owning approximately 200 local broadcasting stations, reaching over 212 million individuals across the U.S.
The television stations in the Wichita-Hutchinson market, including KAKE, KWCH-DT, KSAS-TV, KSNW, KPTS, KSCW-DT, and KMTW, have launched broadcasting with NEXTGEN TV, employing advanced digital broadcast technology. This upgrade aims to enhance viewer experience with improved video quality and sound, and it supports features like advanced emergency alerts. The rollout follows a decade of development, and viewers can receive programming in both NEXTGEN and existing DTV formats. Currently, NEXTGEN TV is operational in over 50 cities across the U.S.
Nexstar Media Group announced that nearly three million subscribers of Verizon FiOS have lost access to programming from 13 local television stations due to a failure to reach a new distribution agreement. The blackout affects markets including New York City and Philadelphia, resulting in lost access to crucial local news and sports programming, including college and NFL football.
Nexstar had been negotiating in good faith, offering fair market rates but failed to reach a resolution. Subscribers are encouraged to contact Verizon for refunds.
Nexstar Media Inc. has announced its extensive political coverage for the mid-term election season, hosting nearly 50 local and statewide candidate debates across key states like Ohio, Georgia, Pennsylvania, Texas, and Illinois. This initiative aims to engage millions of voters by providing a platform for candidates to present their positions. Reach extends to 212 million people through 200 owned stations, with live coverage also available on NewsNation, which serves 70 million homes. Nexstar emphasizes its role in fostering civic engagement and delivering unbiased news.
WSET-TV, WDBJ, WWCW, WSLS, and WZBJ have launched NEXTGEN TV broadcasting in the Roanoke-Lynchburg market. This technology enhances viewer experience with improved video quality and audio features. Powered by ATSC 3.0, NEXTGEN TV offers advanced emergency alerts and can incorporate Internet content for live events. The upgrade follows extensive planning and is part of a nationwide rollout, with service already active in over 50 cities. Viewers are encouraged to seek devices compatible with NEXTGEN TV to fully enjoy its benefits.
Nexstar Media Group's NewsNation will provide exclusive national coverage of key candidates' debates in Texas, Georgia, and Pennsylvania this September and October. The network will air the only live broadcasts of these events, including a special program, “Debate Night in America,” featuring experienced analysts like George Will and Chris Stirewalt. The Texas gubernatorial debate on September 30 will kick off the series, followed by debates in Georgia on October 14 and Pennsylvania on October 25. This initiative aims to engage voters in critical mid-term issues.
KTLA 5 has partnered with the LA Clippers to exclusively air 15 games this season, marking the team's return to KTLA for the first time since 2009. This partnership brings 11 regular season and 4 pre-season games to over-the-air TV in Southern California. KTLA will provide pre-game, halftime, and post-game programming, enhancing fan engagement and accessibility. The Clippers, led by President Gillian Zucker, emphasize the importance of TV viewership for fan interaction. KTLA aims to deliver comprehensive coverage including special features and news across all platforms.
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