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.
NewsNation, a cable network owned by Nexstar Media Inc., will launch a new one-hour morning news program called “Early Morning” on June 27 at 6 a.m. ET. Hosted by Mitch Carr, the program will enhance NewsNation's live news offerings to 86 hours weekly, more than double its initial programming since its launch in September 2020. James Holm will act as executive producer. This expansion reflects NewsNation's strategy to establish itself as a comprehensive 24/7 news network catering to a diverse audience.
Nexstar Media Group (NASDAQ: NXST) announced that during its 2022 Annual Shareholders' Meeting, shareholders approved all proposals put forth by the Board of Directors. Key among these was the elimination of Class B and Class C Common Stock, with only Class A shares remaining outstanding, totaling approximately 40.4 million shares as of April 25, 2022. Around 92% of outstanding shares were represented at the meeting. Detailed voting results will be submitted to the SEC.
Fresno-Visalia Television Stations have implemented NEXTGEN TV technology, revolutionizing the broadcast landscape. Stations like KGPE (CBS), KMPH-TV (FOX), KSEE (NBC), KNSO (Telemundo), and KFRE-TV (CW) aim to enhance viewer experience with vivid color, sharper images, and superior audio quality. NEXTGEN TV supports advanced features such as improved emergency alerts and real-time internet content integration. Powered by ATSC 3.0, this upgrade follows extensive planning and aims to broaden reach across over 45 US cities, improving TV-viewing quality for all audiences.
The television stations WLOS, WSPA-TV, WHNS, WYFF, and WMYA-TV have launched NextGen TV broadcasting technology in the Greenville-Spartanburg-Asheville market, enhancing viewer experience with improved video quality and sound. Powered by ATSC 3.0, NextGen TV offers features like advanced emergency alerts and the potential for real-time Internet content integration. This upgrade follows a decade of development and is part of a nationwide rollout with service already available in over 45 cities. Viewers in Greenville can learn more at www.WatchNextGenTV.com.
Nexstar Media Group (NASDAQ: NXST) announced participation in the Credit Suisse 24th Annual Communications Conference on June 15, 2022, at 1:45 p.m. ET. President Tom Carter and CFO Lee Ann Gliha will engage in a fireside chat during the event. Interested parties can access a live webcast and replay via the 'Events and Presentations' section on Nexstar's Investor Relations page. Nexstar Media Group is a leading diversified media company, owning 200 local television stations and offering a variety of news and entertainment content.
Nexstar Media Inc. has appointed three seasoned broadcast leaders to manage its operations in Salt Lake City, Buffalo, Green Bay, and Marquette. Mark Danielson, Joe Abouzeid, and Judson Beck bring over 90 years of combined experience to their roles. Danielson will lead media operations in Salt Lake City starting June 27, Abouzeid in Buffalo from June 13, and Beck in Green Bay and Marquette from May 31. Their track record includes significant revenue growth and innovation in local news programming, showcasing their commitment to enhancing community ties and advertising solutions.
Nexstar Media Inc. is enhancing its local news coverage in Washington, D.C., by merging
Nexstar Media Group reported strong Q1 2022 results, achieving a record net revenue of $1.21 billion, up 8.6% year-over-year. Key highlights include:
- Core Advertising Revenue: $428.1 million (+4.0%)
- Political Advertising Revenue: $23.7 million (+338.9%)
- Adjusted EBITDA: $642.7 million (+12.5%)
- Free Cash Flow: $560.4 million (+15.9%)
Additionally, the company returned $195.2 million to shareholders through dividends and share buybacks.
Nexstar Media Group, Inc. (NASDAQ: NXST) announced a quarterly cash dividend of $0.90 per share of Class A common stock. This dividend is payable on May 27, 2022, to shareholders on record as of May 13, 2022. The company plans to continue regular quarterly dividends, with future payments reviewed quarterly at the Board of Directors' discretion. Nexstar is a leading diversified media company, owning the largest local broadcasting group in the U.S. and providing extensive local and national news, sports, and entertainment content.
Nexstar Media Group (NASDAQ: NXST) announces the appointment of Rachel Morgan as Executive Vice President and General Counsel, effective June 20. She succeeds Elizabeth Ryder, who has served since 2009 and will remain as Board Secretary. Morgan brings extensive legal experience from AT&T, where she managed litigation and corporate legal matters. She is expected to oversee Nexstar's legal strategy in business transactions and regulatory filings. Management expresses confidence in Morgan's capabilities to enhance Nexstar's operations and support future growth.
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