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 (NXST), America's largest local television station operator, maintains this dedicated news hub for investors and media professionals. Track official press releases, financial disclosures, and strategic developments from the broadcast leader serving communities nationwide.
This resource consolidates essential updates including quarterly earnings reports, content partnership announcements, leadership changes, and regulatory filings. Investors gain direct access to primary documents while analysts find centralized data for market evaluations.
All content undergoes verification to ensure accuracy and relevance for financial decision-making. The curated format enables quick scanning of operational milestones and industry positioning updates without speculative commentary.
Bookmark this page for streamlined tracking of Nexstar's local media innovations, advertising partnerships, and digital expansion initiatives. Combine with SEC filings and market analysis tools for comprehensive due diligence.
Nexstar Media Inc. received two national Edward R. Murrow Awards for excellence in journalism. KDVR-TV in Denver was honored for 'Excellence in Continuing Coverage' for its investigation into ketamine use by paramedics, prompting legislative changes in Colorado. KSNW-TV in Kansas earned the 'Excellence in Hard News' award for its story on Julie Dombo, a shooting survivor who became an amputee advocate. Nexstar’s local news operations also secured 47 regional awards this year, reflecting their commitment to quality community journalism.
Nexstar Media Inc. has appointed Michael Silecchia as Vice President and General Manager of its operations in Rockford, Illinois, overseeing WQRF-TV and related platforms. Silecchia brings nearly 20 years of experience, having previously driven revenue growth at KOKH-TV and served as Director of Sales at Nexstar in Fresno. He is expected to enhance advertising and community engagement. His immediate responsibilities include managing operational agreements with Mission Broadcasting for WTVO-TV. Silecchia's history of success in broadcast leadership positions him well to lead Nexstar’s local operations.
Nexstar Media Group reported strong second-quarter 2021 financial results, with net revenue rising 23.7% year-over-year to $1.13 billion and net income increasing 103.5% to $199.8 million. Core advertising revenue surged 42% to $423.5 million, while digital revenue jumped 57.3% to $73.4 million. However, political advertising revenue declined by 60.5%. The company raised its average annual free cash flow guidance for 2021/2022 by $60 million, now expecting approximately $1.33 billion. Nexstar also repurchased $138 million in shares and paid out $30 million in dividends to enhance shareholder value.
Nexstar Media Group, Inc. (NASDAQ: NXST) has declared a quarterly cash dividend of $0.70 per share of Class A common stock, payable on August 27, 2021, to shareholders on record as of August 13, 2021. The company plans to review future dividends quarterly, maintaining discretion in declaration. Nexstar is a diversified media company with a robust portfolio, operating 199 television stations and reaching approximately 39% of U.S. television households, alongside digital platforms and a stake in TV Food Network.
Nexstar Media Group (Nasdaq: NXST) appointed Lee Ann Gliha as Executive Vice President and Chief Financial Officer effective August 9, 2021. Gliha, with over 20 years of experience in media investment banking, previously served at Jefferies LLC, managing transactions worth over $90 billion. She will oversee financial reporting, internal audit, compliance, and strategic planning. Gliha's expertise is expected to enhance shareholder value as the company continues to advance its business objectives. The announcement underscores Nexstar's commitment to maintaining its leadership in local broadcasting.
Nexstar Media Inc. has promoted Ron Romines to Senior Vice President and Regional Manager, effective July 26. Previously the Vice President and General Manager in Charlotte, he enhanced local news and digital operations, increasing programming and digital revenue. With 30 years in broadcasting, Romines aims to drive success in his new role, reporting to Andrew Alford. Nexstar operates 199 TV stations nationwide, serving 39% of U.S. households, and emphasizes hyper-local content to provide unique advertising solutions.
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.
