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 Group, Inc. (NASDAQ: NXST) has promoted Dana Zimmer to President of Distribution, effective immediately. Since joining in 2019, Zimmer has expanded the distribution of Nexstar's extensive broadcast portfolio, which includes 199 local television stations covering 39% of U.S. households. She has successfully negotiated retransmission consent agreements and partnerships with major networks. CEO Perry Sook commended her contributions, noting the growth in retransmission and carriage revenues under her leadership. Zimmer expressed gratitude and optimism for further expansion opportunities.
Nexstar Media Group declared a quarterly cash dividend of $0.70 per share, payable on November 29, 2021, to shareholders recorded by November 12, 2021. The board will continue to review dividends quarterly, maintaining discretion in declarations.
Nexstar operates 199 television stations across 116 markets, reaching 39% of U.S. TV households. Its divisions include Broadcasting, Digital, and Networks, providing extensive media services and local content.
Nexstar Media Group has promoted Marc Hefner to Vice President and General Manager of KDAF-TV and cw33.com in Dallas, Texas. Hefner, who has over 25 years of broadcast experience, previously led operations at WSAV-TV in Savannah, where he achieved significant growth in audience engagement and revenue. He has a proven track record of expanding local programming and building partnerships within the community. Under his leadership, Nexstar aims to enhance its media operations and advertising solutions in the highly competitive Dallas market.
Nexstar Media Group, Inc. has announced the promotion of Tim Sanders to Vice President and General Manager for WTWO-TV and WAWV-TV in Terre Haute, Indiana. With over 20 years of local broadcast experience, including 17 years at these stations, Sanders will oversee broadcast and digital operations. He has a proven track record in increasing advertising revenues and expanding local programming. Sanders aims to enhance community engagement and advertising solutions in his new role, reporting to Traci Wilkinson, Senior VP and Regional Manager.
The launch of NEXTGEN TV in Hartford marks a significant upgrade in broadcast technology for local viewers. This new digital broadcast technology enhances the viewing experience with features like 4K resolution, HDR video, and improved audio quality. Four local channels, including TEGNA's WCCT and WTIC, and others from Meredith and Nexstar Media Group, are now available over-the-air free of charge. With compatibility across select devices from manufacturers such as LG and Samsung, NEXTGEN TV is designed to evolve with future updates, promising a more interactive and engaging viewing experience.
Nexstar Media Inc. (Nasdaq: NXST) announces the launch of new live programming on NewsNation starting
Nexstar Media Group, Inc. (NASDAQ: NXST) has appointed Lloyd Bucher as Vice President and General Manager for its broadcast and digital operations in Charlotte, North Carolina, effective September 29. Bucher, who has over 25 years of experience, previously managed WPTV-TV in West Palm Beach, Florida, achieving significant ratings and revenue growth. Under his leadership, WJZY-TV and WMYT-TV are expected to enhance local content and advertising solutions, focusing on community engagement.
Nexstar Media Group, Inc. (NASDAQ: NXST) has announced the promotion of Fran McRae to Vice President and General Manager overseeing its Memphis and Jackson, Tennessee operations, including
Nexstar Media Group (NASDAQ: NXST) will announce its third quarter financial results for 2021 before market opening on November 2, 2021. A conference call to discuss the results is scheduled for 9:00 a.m. ET on the same day. Interested participants can join via phone or access a live webcast on Nexstar's website. With 199 television stations reaching 39% of U.S. households, Nexstar continues to leverage its diversified media portfolio, which includes broadcasting, digital platforms, and a stake in the TV Food Network.
Nexstar Media Group has partnered with SportsGrid Inc. to launch the SportsGrid Network, the first 24-hour sports wagering and fantasy sports channel, starting
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