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Nexstar Media Group Inc - NXST STOCK NEWS

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 (NXST), America's largest local television station operator, maintains this dedicated news hub for investors and media professionals. Track official press releases, financial disclosures, and strategic developments from the broadcast leader serving communities nationwide.

This resource consolidates essential updates including quarterly earnings reports, content partnership announcements, leadership changes, and regulatory filings. Investors gain direct access to primary documents while analysts find centralized data for market evaluations.

All content undergoes verification to ensure accuracy and relevance for financial decision-making. The curated format enables quick scanning of operational milestones and industry positioning updates without speculative commentary.

Bookmark this page for streamlined tracking of Nexstar's local media innovations, advertising partnerships, and digital expansion initiatives. Combine with SEC filings and market analysis tools for comprehensive due diligence.

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The Hill, a prominent source of political and policy news, has launched its first OTT streaming channel, The Hill TV, part of Nexstar Digital. This channel features signature shows, exclusive interviews, and thematic series aimed at providing unbiased political information. The Hill TV debuted on the Plex platform, which boasts over 50,000 titles and significant international reach. This launch aims to enhance The Hill's visibility and engagement among digital consumers, especially in an era of media polarization.

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Nexstar Media Group (NASDAQ: NXST) reported record Q2 2022 results, achieving net revenue of $1.25 billion, up 10% year-over-year. Key highlights include net income of $226.5 million and adjusted EBITDA of $486.3 million. The company significantly increased political advertising revenue by 920% to $86.7 million. Free cash flow was reported at $219 million, with a remarkable return of capital to shareholders reaching $284.3 million. Nexstar anticipates continued growth amid strong political advertising and renewed distribution agreements, reaffirming an annual free cash flow target of $1.4 billion.

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Nexstar Media Group has announced the extension of CEO Perry A. Sook's employment agreement through March 31, 2026. Under Mr. Sook's leadership since 1996, the company has grown from approximately $87 million in revenue at its 2003 IPO to over $4.6 billion in 2021. Nexstar has achieved total shareholder returns of over 1,800% over the past decade, outperforming major competitors and the S&P 500. The Board expressed confidence in Mr. Sook's leadership as Nexstar continues to compete in the evolving media landscape.

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Nexstar Media Group (NASDAQ: NXST) declared a quarterly cash dividend of $0.90 per share, payable on August 25, 2022. The company also approved a new share repurchase program, allowing for $1.5 billion in stock buybacks, supplementing the remaining $415.1 million from a previous program. Furthermore, Nexstar's Board recommended declassifying the Board of Directors, pending shareholder approval at the 2023 Annual Meeting. CEO Perry A. Sook emphasized these actions are aimed at enhancing shareholder value.

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NewsNation announced that Chris Cuomo, an award-winning journalist, will host a new prime-time show this fall. Mr. Cuomo, known for his work at CNN, will enhance NewsNation's commitment to unbiased news reporting. With over two decades of experience, he aims to foster conversations around common concerns rather than political divisions. Sean Compton, President of Networks for Nexstar Media, emphasized Cuomo's addition as a step towards furthering fairness and transparency in news. NewsNation, owned by Nexstar Media Group (NXST), reaches 75 million U.S. households.

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Nexstar Digital has partnered with Teads to enhance digital advertising capabilities across its 125 websites and 239 mobile apps. This partnership focuses on delivering Teads' inRead advertising technology, allowing Nexstar to improve video and display ad monetization and increase its online inventory. The agreement aims to create a diversified revenue stream through enhanced user engagement and high-quality ads without compromising user experience. Both companies express optimism about the partnership's potential benefits for advertisers and audiences.

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Nexstar Media Inc. promotes Cory Gylock to Vice President and General Manager of WLAX-TV and WEUX-TV in La Crosse/Eau Claire, Wisconsin. Gylock has been with Nexstar since 2012, previously serving as General Sales Manager, where he led significant revenue growth and community engagement initiatives.

He will report to Traci Wilkinson and aims to enhance viewer and advertiser relationships, leveraging Nexstar's commitment to local content and innovative marketing solutions.

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Nexstar Media Inc. has appointed Brandin Stewart as Senior Vice President and Regional Manager, effective July 20. Stewart, who has nearly 20 years of experience in large market broadcasting, will oversee the company's television stations and digital operations across various markets from Irving, TX. Previously, he served as President and General Manager of CBS 3 in Philadelphia, where he enhanced ratings and revenue. Stewart aims to uphold Nexstar's commitment to local news and innovative advertising solutions.

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Nexstar Digital, a subsidiary of Nexstar Media Group (NXST), has announced a new exclusive partnership with Teads to utilize their inRead advertising technology. This collaboration grants Nexstar Digital access to premium advertising formats across its 125 websites and 239 mobile apps, including NewsNation and The Hill. The partnership aims to enhance video and display ad monetization by integrating high-quality, unobtrusive ads into editorial content, thereby increasing user engagement and creating a diversified revenue stream for Nexstar Digital.

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Unfortunately, the press release has been deleted by the news provider, leaving no available content to summarize.

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Nexstar Media Group Inc

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