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.
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.
Nexstar Digital has appointed Dennis Cook as Senior Vice President of Sales Marketing to enhance its digital advertising sales strategy. Cook will oversee revenue-driving marketing initiatives and report to Chief Revenue Officer Lori Tavoularis. With over 20 years in the industry, Cook has a proven track record, having led significant growth in revenue and brand awareness at prior positions. Nexstar Digital ranks as the seventh-largest digital property in the U.S. with 133 million monthly unique visitors, emphasizing its strong engagement with advertisers.
All seven local television stations in Richmond-Petersburg, including WRIC-TV, WTVR-TV, and WWBT, have launched NextGen TV, a new digital broadcast technology. This upgrade, based on ATSC 3.0, offers enhanced video quality, improved emergency alerts, and a better auditory experience through Voice+ dialogue enhancement. Broadcasters can incorporate Internet content for live events. The rollout follows years of planning and is already operational in over 40 cities nationwide. For viewers, rescanning their TVs is required for uninterrupted service. More details are available at www.WatchNextGenTV.com.
Nexstar Media Group, Inc. (NASDAQ: NXST) announced the appointment of Beth Feldman as Executive Director of Communications for its networks division. Feldman, effective April 4, will oversee internal and external communications across NewsNation, Antenna TV, Rewind TV, and WGN Radio. With nearly 30 years of experience in media campaigns, she aims to enhance NewsNation's brand and awareness as the network expands its news and analysis programming. Feldman previously partnered with Beyond PR Group and held key roles at CBS Television Network.
Sinclair Broadcast Group announced the launch of NextGen TV, a new digital broadcast technology, across five Albany stations including WTEN (ABC), WRGB (CBS), WXXA-TV (FOX), WCWN (CW), and WMHT (PBS). This upgrade, based on ATSC 3.0, promises improved video quality with vibrant colors and enhanced audio, designed to enhance viewer experience. The transition marks a decade of development and aims to reach audiences across more than 40 cities. Viewers can rescan their TVs for uninterrupted service as the rollout continues.
Nexstar Media Group, Inc. (NASDAQ: NXST) will report its 2022 first quarter financial results on May 10, 2022. A conference call and webcast will be held at 10:00 a.m. ET to discuss these results. Callers can join by dialing 929-477-0402 with conference ID 5317616. The event will also be accessible via a live webcast on Nexstar's website, with a replay available for 90 days post-event.
Nexstar is a leading media company, owning 200 stations across 116 U.S. markets and reaching 212 million people.
