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. (Nasdaq: NXST) announces a significant programming expansion for NewsNation, adding 26 hours of news and talk shows weekly. Starting September 27, the network will feature DAN ABRAMS LIVE on weeknights and MORNING IN AMERICA as a three-hour national morning newscast, increasing original programming from 19 to 55 hours each week. Dan Abrams will lead primetime with an independent approach to news, while Adrienne Bankert aims to create engaging morning content that connects with viewers, utilizing Nexstar's extensive local journalism resources.
Nexstar Media Inc. has appointed Jeff Miller as the new Vice President and General Manager for its operations in Brownsville/Harlingen, Texas. Miller, who brings nearly 30 years of experience, previously managed KPTM-TV and KXVO-TV in Omaha, where he successfully expanded local programming and digital revenue. His leadership is expected to enhance Nexstar's KVEO-TV and digital platforms, fostering community partnerships. Miller holds degrees from Ball State University and Creighton University and is committed to continuing Nexstar's legacy of local service.
Nexstar Media Inc.'s cable network, NewsNation, will launch two new programs on July 19. "ON BALANCE WITH LELAND VITTERT" at 8 p.m. ET promises engaging discussions on current events, while "NEWSNATION: RUSH HOUR" at 6 p.m. ET will focus on breaking news with a network of 5,600 journalists. Anchors Leland Vittert and Nichole Berlie highlight the network's commitment to unbiased reporting and fast-paced news delivery. NewsNation reaches 75 million U.S. households, enhancing Nexstar's media influence.
On July 8, 2021, six Sacramento television stations launched NEXTGEN TV, enhancing the viewing experience with advanced audio and video technology. The service offers stunning 4K HDR video, Dolby's Voice + for superior sound clarity, and interactive features that improve content personalization. Sacramento is the first city in Northern California to offer this service, joining nearly 40 other U.S. cities. Viewers can access the service via select LG, Samsung, and Sony TV models, with no impact on household internet bandwidth. Current programming remains available for all viewers.
Nexstar Media Inc. has announced the promotion of Donna D’Amico to Vice President and General Manager of its media operations in Colorado Springs. D’Amico, with over 30 years of experience, previously served as Director of Sales at KXRM-TV and KXTU-TV, significantly increasing both linear and digital advertising revenues. Under her leadership, local content initiatives such as 'Loving, Living Local' and partnerships with local organizations were developed. NEXSTAR operates 199 TV stations and various digital platforms, reaching 39% of U.S. households.
On July 7, 2021, five Charlotte, NC television stations launched NEXTGEN TV, a new broadcasting technology designed to enhance viewing experiences with 4K video, Dolby audio, and personalized content. The participating stations include WAXN-TV, WSOC-TV, WJZY-TV, WBTV-TV, and WCNC-TV. NEXTGEN TV aims to revolutionize how viewers interact with content by combining traditional over-the-air broadcasts with internet capabilities, making live sports and news more accessible. Viewers can rescan their TVs to access the service, which is available in nearly 40 cities nationwide.
Nexstar Media Group, Inc. (NASDAQ: NXST) announced it will report its 2021 second quarter financial results before market opens on August 4, 2021. A conference call and webcast is scheduled for 9:00 a.m. ET on the same day to discuss the results. Interested parties can join the call by dialing 334-777-6978 with conference ID 4869641 or access the live webcast on Nexstar's investor relations page. A replay of the webcast will be available for 90 days after the live event.
Nexstar Media Inc. announced veteran news executive Cherie Grzech as the new Vice President of News and Managing Editor for NewsNation, effective July 19, 2021. Grzech will oversee daily news operations and manage a team of over 100 staff members. Previously, she held roles at Fox News, leading the Washington, D.C. news bureau. With nearly 30 years in broadcast journalism, her expertise includes developing strategic news coverage. Grzech aims to enhance NewsNation's mission of delivering trustworthy news to its 75 million U.S. households.
Nexstar Media Inc. has appointed James Baronet as Vice President and General Manager of its Topeka operations, overseeing KSNT-TV (NBC) and KTMJ-TV (FOX). With nearly 20 years of experience, Baronet aims to enhance revenue growth and community engagement. His prior roles include a successful tenure in Baton Rouge, where he expanded local newscasts and developed innovative programming. Baronet emphasizes Nexstar's commitment to local content and scalable marketing solutions. He holds a BFA in journalism and is actively involved in community initiatives.
Nexstar Media Group has announced the closing of a new $300 million Term Loan B Facility by its variable interest entity, Mission Broadcasting. The loan has a seven-year maturity with an interest rate of LIBOR plus 2.50%. Proceeds will be used to reduce borrowings from its existing Revolving Credit Facility and for general corporate purposes. Following this, the consolidated secured first lien net leverage ratio and total net leverage ratio for Nexstar remained unchanged at 2.1x and 3.4x respectively.
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