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 (NASDAQ: NXST) has faced a programming blackout as DISH Network removed 164 local television stations and WGN America from its system. This action followed failed negotiations for a new distribution agreement, resulting in millions losing access to vital local news and programming. Nexstar claims DISH's proposed rates are below fair market value. Despite ongoing negotiations since July, Nexstar reports its efforts to reach an agreement have been unsuccessful, and it urges DISH subscribers to seek refunds for lost programming.
Nexstar Media Group (Nasdaq: NXST) has announced a multi-year agreement for its cable network, WGN America, to be available on YouTube TV starting January 19, 2021. This partnership expands WGN America's reach by adding over 3 million new subscribers to its current 75 million households. Sean Compton, President of the Networks Division, expressed optimism about further expanding WGN America's audience, including coverage of major events like the Presidential inauguration.
Nexstar Media Group (Nasdaq: NXST) risks losing network programming for DISH Network subscribers in 115 markets after DISH failed to finalize a new distribution agreement. Millions may lose access to local news and entertainment starting December 2, 2020. Despite Nexstar's $11 billion revenue in 2020, DISH proposed lower rates undermining fair market value. Nexstar has successfully negotiated with nearly 200 partners recently, contrasting DISH’s pattern of local blackouts. If unresolved, subscribers will miss significant programming, including local news and major sports events.
On November 20, 2020, four local television stations in Norfolk, VA, including WAVY-TV, WVBT, WNLO-CD, and WTVZ-TV, began broadcasting with NEXTGEN TV, a breakthrough digital broadcast technology enabling features like immersive 4K video, mobile broadcasting, and enhanced emergency alerts. Powered by ATSC 3.0, this launch marks a significant upgrade in broadcast technology, with stations cooperating to ensure program availability for all viewers. BitPath facilitated the initiative, planning a dedicated broadcast data network expected to launch in 2021.
On November 17, 2020, five major TV stations in Raleigh, NC, including WTVD, WNCN, WUVC, WLFL, and WRDC, launched NEXTGEN TV, utilizing advanced ATSC 3.0 technology. This upgrade promises enhanced features like 4K video, immersive audio, and emergency alerts. The initiative is backed by BitPath and aims to improve broadcast quality and viewer experience across various platforms. Local residents can easily access this service by rescanning their TVs. Sinclair Broadcast Group and Nexstar Media Group executives stressed the importance of this deployment for advanced broadcasting.
Nexstar Media Group (NASDAQ: NXST) announced the merger of its subsidiaries, Nexstar Digital LLC and Nexstar Broadcasting, Inc., effective November 1, 2020. The new structure will streamline operations under Nexstar Inc., expected to generate mid-seven figure expense savings in 2021. Karen Brophy will lead the digital division, while Timothy Busch and Sean Compton will oversee broadcasting and networks, respectively. This alignment aims to maximize content value and enhance shareholder returns, building on synergies realized from the previous Tribune Media acquisition, which generated over $185 million in first-year savings.
Nexstar Media Group (NASDAQ: NXST) has declared a quarterly cash dividend of $0.56 per share for its Class A common stock. This dividend will be payable on November 20, 2020, to shareholders of record as of November 6, 2020. The company plans to continue regular quarterly dividends, though future payments will be reviewed and declared at the discretion of the Board of Directors. Nexstar is a leading media company, operating 197 television stations across 115 markets, reaching 39% of U.S. TV households.
VENN, a live 24/7 streaming network for gaming and entertainment, has successfully closed a $26 million Series A financing round, co-led by BITKRAFT and Nexstar Media Group (NASDAQ: NXST). This funding is aimed at expanding VENN's content capabilities and distribution. Nexstar gains exclusive local TV broadcasting rights and a board member appointment. VENN's distribution has recently expanded to platforms like Roku, Plex, and LG Smart TVs, enhancing its reach to younger audiences. Additionally, VENN appointed Jeff Jacobs as EVP & General Manager to spearhead growth and operations.
On Oct. 8, 2020, five major television stations in Oklahoma City launched NEXTGEN TV, based on ATSC 3.0 technology, marking a significant broadcast upgrade. Stations include KOCO-TV (ABC), KFOR-TV (NBC), KOKH-TV (Fox), KOCB (CW), and KAUT (IND). The technology features immersive 4K video, mobile broadcasting, and enhanced emergency alerts. Nexstar Media and Sinclair Broadcast Group emphasize the rollout’s efficiency, aimed at providing better viewing experiences and new services for advertisers. This launch is part of a broader trend towards innovative broadcasting in the digital age.
