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 Group's cable network, NewsNation, is set to launch its flagship news and talk show, BANFIELD, on March 1st at 10 p.m. ET. Hosted by Ashleigh Banfield, the show will feature in-depth interviews with high-profile guests, including filmmaker Aaron Sorkin and actors Bryan Cranston and Robin Wright. This launch is part of a broader programming expansion that includes two other shows. NewsNation reaches 75 million households and aims to provide unbiased news, drawing on the expertise of 5,400 local journalists across the U.S.
Nexstar Media Group (NASDAQ: NXST) announced its fourth-quarter financial results for 2020, showcasing a 25.1% increase in net revenue, reaching $1.38 billion. Core advertising revenue saw a 9.9% decline, totaling $473.5 million, while political advertising surged by 716.6% to $298.3 million. Total television advertising revenue rose 37.3%, driven by strong political ad sales. Distribution fee revenue grew 18.4% to $528 million, but digital revenue fell 12.5%.
The results reflect Nexstar's continued integration of Tribune Media stations.
Nexstar Inc. announced the promotion of Chris McDonnell to Vice President and General Manager of its New York City operations, including WPIX-TV and PIX11.com, effective immediately. Previously, McDonnell led KRON-TV in San Francisco, increasing morning news ratings by 50% and doubling the 10 p.m. newscast viewership. His notable achievements also include launching KRONOn.TV and enhancing local sports programming. McDonnell aims to build on WPIX-TV's legacy as the home of the Yankees and Mets, focusing on community engagement and growth.
Nexstar Media Group (NASDAQ: NXST) reported record growth in its digital network for 2020, achieving #1 local news rankings every month. The network averaged 91 million unique monthly users, a 70% year-over-year increase. Key performance metrics included 7.8 billion pageviews and 10.4 billion multiplatform minutes, both up over 130% from 2019. The digital network also generated 1.6 billion video views. President Karen Brophy highlighted a successful audience and content strategy post-Tribune Media acquisition, emphasizing the importance of local news amid increased engagement.
Nexstar Media Group has announced a 25% increase in its quarterly cash dividend to $0.70 per share, effective from Q1 2021. The dividend is payable on February 26, 2021, to shareholders of record as of February 12, 2021. Additionally, the Board approved a new $1.0 billion share repurchase program to enhance shareholder value, reflecting the company's strong free cash flow. This program supplements the remaining $259.2 million from the previous buyback authorization. CEO Perry Sook emphasized the company's commitment to reducing leverage and returning capital to shareholders.
Nexstar Media Group (NASDAQ: NXST) announced the appointment of Bernadette S. Aulestia to its Board of Directors, effective January 27. Aulestia, with over 20 years of experience, previously served as President of Global Distribution at HBO. She will contribute her expertise in marketing strategy and audience development, aiming to enhance Nexstar's growth and shareholder value. Aulestia will also be part of the Board's compensation committee and is expected to stand for election at the 2022 annual meeting.
Nexstar Media Group announced that its cable network WGN America will rebrand as NewsNation on March 1, expanding news programming to five hours on weeknights. New shows include NewsNation Early Edition and The Donlon Report, aimed at delivering fact-based news. NewsNationPrime will cover prime-time news from 8-10 p.m. ET. The rebranding reflects a commitment to unbiased journalism, enhancing the network's reach to over 75 million U.S. households and extending its news coverage. This change follows a recent expansion to an additional 8.5 million households.
Nexstar Media Group (Nasdaq: NXST) has launched a multi-year partnership with Feeding America, committing $2 million in air-time and financial support over three years to combat hunger across the U.S. This initiative is vital as food insecurity rates soar, with Feeding America serving 40 million individuals, including 12 million children. Nexstar's 198 television stations will air public service announcements during September, designated as Hunger Awareness Month. The partnership highlights Nexstar's commitment to community engagement and aims to raise awareness and volunteer efforts against food insecurity.
Nexstar Media Group, Inc. has appointed Jonathan Killian as Vice President of Creative Marketing and Brand Communications for WGN America, effective January 25. Previously at CNN International, Killian is set to spearhead a comprehensive brand marketing strategy for WGN America and oversee its promotions and marketing departments. His extensive experience includes leading major projects at CNNI and a strong background in media strategy. Nexstar aims to enhance its brand presence and journalism with Killian's expertise.
Nexstar Media Group (NXST) announced a multi-year agreement for WGN America to be available on Vidgo starting January 15, 2021. This partnership expands WGN America's reach by 8.5 million subscribers through five recent agreements with streaming services. Vidgo, launched in December 2019, has seen significant subscriber growth, allowing WGN America to enhance its audience for shows like NewsNation. President Sean Compton emphasized the strategic expansion of the network's reach.
