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 a diversified media company active in television broadcasting and digital news, and it generates a steady flow of corporate, programming, and regulatory news. As America’s largest local television broadcasting group, Nexstar frequently reports on developments affecting its more than 200 owned or partner stations in 116 U.S. markets, as well as its national properties such as The CW, NewsNation, Antenna TV and Rewind TV.
News about Nexstar often includes quarterly and annual financial results, with the company issuing earnings press releases and hosting conference calls and webcasts to discuss performance, cash flows, and non-GAAP metrics like Adjusted EBITDA and Adjusted Free Cash Flow. Investors also see regular announcements about dividends, capital allocation decisions, and financing activities, such as refinancings of credit facilities and term loans disclosed in Form 8-K filings.
Nexstar’s news flow also covers strategic transactions and regulatory milestones. A key recent theme is the company’s Agreement and Plan of Merger with TEGNA Inc., including updates on antitrust and Federal Communications Commission reviews and expectations around the transaction’s timing, all detailed in SEC filings and press releases.
From a content perspective, Nexstar issues updates on programming and partnerships, including expansions of sports coverage on The CW, content collaborations like the gaming-focused vodcast series with Xsolla on NewsNation, and programming decisions involving its network-affiliated stations. The company also highlights recognition for its journalism, such as awards for NewsNation and local stations.
This news page aggregates these types of updates so readers can follow Nexstar’s financial reporting, corporate actions, programming initiatives, and regulatory disclosures in one place. For investors, media observers, and viewers interested in the evolution of local and national television and digital news, the NXST news feed provides an organized view of the company’s ongoing developments.
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.
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.
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
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.
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.
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.
Nexstar Media Inc. promotes Cory Gylock to Vice President and General Manager of
He will report to
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.
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.
Nexstar Media Inc. has announced the promotion of Melissa Jones to Vice President and General Manager of WDTN-TV in Dayton, Ohio, effective July 20. With nearly 15 years of experience in local broadcast management and sales, Jones previously served as Director of Sales for WTEN-TV and WXXA-TV in Albany, New York. Her leadership has led to significant revenue growth and community engagement initiatives. Jones aims to leverage WDTN-TV's strengths to meet viewer and advertiser needs in Dayton.
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