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 Inc., a subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST), has announced the promotion of Shaun Newell and Joe McGuire to Vice President and General Manager roles, overseeing broadcast operations in Peoria, IL and Columbus, GA, effective immediately. Both possess over 30 years of broadcast leadership experience, with a proven track record of enhancing local content and viewer engagement. These promotions reinforce Nexstar's commitment to internal talent development and operational excellence in the competitive media landscape.
Nexstar Media Group and ViacomCBS announced a multi-year renewal of CBS affiliations covering 39 markets, reaching 14% of U.S. audiences and 17.4 million households. The agreement completes all CBS and Nexstar affiliation renewals following three completed last year. Subscribers will continue accessing CBS content on Paramount+ and vMVPD platforms. Financial terms remain undisclosed. The partnership is expected to enhance local news and programming offerings, benefiting viewers and advertisers alike.
ViacomCBS (NASDAQ: VIAC, VIACA) and Nexstar Media Group (NASDAQ: NXST) have renewed CBS Television Network affiliations in 39 markets, reaching 14% of the U.S. audience with 17.4 million households. This agreement completes all previous affiliation renewals. Nexstar's CBS affiliates will continue to be available on Paramount+ and vMVPD platforms. Leaders from both companies emphasized the value of their partnership and the strength of CBS’s programming, including news and sports.
Nexstar Media Group (NASDAQ: NXST) has released a new investor presentation available on its website, emphasizing its commitment to enhancing value through localism in media. The company operates 199 television stations, serving about 39% of U.S. television households, and runs 120 local websites and 284 mobile apps. Its divisions include Broadcasting, Digital, and Networks, providing diverse media services to consumers and advertisers. Nexstar also holds a 31.3% stake in the TV Food Network, broadening its media reach.
Nexstar Media Group (NASDAQ: NXST) will release its fourth quarter financial results for 2021 on February 22, 2022. A conference call is scheduled for 10:00 a.m. ET where the results will be discussed. Interested parties can join by calling 929-477-0324, conference ID 5317328, or listen via a live webcast on Nexstar’s website. The webcast replay will be available for 90 days post-event. The company operates 199 television stations and offers diverse media services across broadcasting, digital, and networks.
Nexstar Media Group (NASDAQ: NXST) has commenced broadcasting with NEXTGEN TV in Harrisburg, PA, marking its 17th market in 2021. The company plans to convert an additional 20 markets, aiming to reach 50% coverage of U.S. TV households by the end of 2022. NEXTGEN TV, utilizing ATSC 3.0 technology, offers superior audio and video quality. A BIA study suggests that datacasting services derived from this technology could generate up to $15 billion in broadcast revenue by 2030. Nexstar operates 199 TV stations, reaching approximately 39% of U.S. households.
Nexstar Media Group's stations in Springfield, Missouri, including KOLR, KSPR, KRBK, and KOZL-TV, have launched broadcasting using NEXTGEN TV, a cutting-edge digital technology based on ATSC 3.0. This upgrade enhances viewer experience with stunning video quality and improved audio features. The transition follows extensive planning and allows for advanced features like real-time Internet content integration. Currently operational in over 35 cities, this significant technology upgrade enables broadcasters to deliver superior quality content and emergency alerts.
Nexstar Media Group (NASDAQ: NXST) and FOX Television Stations (NASDAQ: FOXA) have launched NEXTGEN TV broadcasting on KTTV-TV, KCOP-TV, and KTLA-TV in Los Angeles, marking a significant upgrade in broadcast technology. This transition promises enhanced video and audio quality, with features such as 4K resolution and improved clarity. NEXTGEN TV aims to reach up to 45% of U.S. TV households by year-end and could potentially generate up to $15 billion in new revenue by 2030 through various applications.
NBC 5 Dallas-Fort Worth, a Nexstar Media Inc. subsidiary, is set to air "Lone Star NYE: Countdown to 2022" on December 31, 2021, from 11:30 p.m. to 12:30 a.m. CST. The event will feature a live countdown with performances by country music star Scotty McCreery. This year will include a unique 225-drone light show alongside traditional fireworks at the Dallas Reunion Tower. The broadcast will be available in 27 additional markets, showcasing quality family entertainment and benefiting Children's Health.
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