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. 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.
Nexstar Media Group (NASDAQ: NXST) has renewed CW network affiliations in 37 markets, including five top-10 markets, covering over 31% of the U.S. audience. This renewal strengthens Nexstar's significant presence in local broadcasting, reaching more than 38 million households. Tom Carter, Nexstar's COO, highlighted the value this partnership brings to both viewers and advertisers. With successful scripted series and a diverse programming lineup, Nexstar aims to enhance viewer engagement and provide an effective advertising platform.
Nexstar Media Inc. appointed Michael Corn as President of News for NewsNation, tasked with overseeing news programming and strategy. Corn, former Senior Executive Producer of ABC News' 'Good Morning America', brings over 25 years of experience in news. Under his leadership, 'GMA' earned multiple Emmy Awards, while Corn has previously produced award-winning evening news broadcasts. He emphasized NewsNation's potential, citing access to extensive journalistic resources. The move aims to enhance NewsNation's mission of providing unbiased news to a national audience, reaching 75 million households.
Nexstar Media Inc. has appointed Jim Rose as Vice President and General Manager of its San Francisco operations, effective May 17. Rose, with over 30 years of experience in broadcast management, previously led KING 5 Media Group in Seattle. His leadership is expected to enhance revenue growth through innovative marketing strategies and strengthen local content creation. Nexstar’s San Francisco platforms produce over 122 hours of local content weekly. The company operates numerous digital platforms, providing a strong backbone for advertising solutions to local businesses.
Nexstar Media Group (NASDAQ: NXST) announced that its broadcasting division received 47 regional Edward R. Murrow Awards, recognizing local news excellence. The awards highlight achievements in categories like Overall Excellence, Best Newscast, and Breaking News Coverage. Key stations such as KOIN-TV and KXAN-TV led with multiple awards. Tim Busch, Nexstar’s President, emphasized the company's commitment to local journalism, producing over 270,000 hours of content annually, while also noting awards for diversity and inclusion coverage.
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