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Nexstar Media Group, Inc. - NXST STOCK NEWS

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.

News

Nexstar Media Releases Statement on FCC Ruling Regarding Its Relationship With WPIX-TV

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Nexstar Media Group, Inc. (NXST) Chairman and CEO Perry Sook issues a statement, highlighting the company's strong financial performance and strategic initiatives.
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Nexstar Media Group Reports Fourth Quarter Net Revenue of $1.3 Billion

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Nexstar Media Group, Inc. reported strong financial results for Q4 and 2023, with net revenue of $1.3 billion, operating income of $230 million, net income of $100 million, and adjusted EBITDA of $411 million. The company reduced shares outstanding by 8.7% in 2023 and issued 2024 adjusted EBITDA guidance of $2.085 billion to $2.195 billion. Nexstar renewed distribution agreements, extended affiliation agreements, and secured broadcast rights for key programming. The company's debt stood at $6.84 billion at the end of 2023, with a first lien net leverage ratio of 2.25x. Full-year 2024 guidance for adjusted EBITDA is in the range of $2.085 billion to $2.195 billion.
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Nexstar Media Names Chris Pruitt as Vice President and General Manager of Its Springfield, Missouri Broadcast and Digital Operations

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Nexstar Media Group, Inc. appoints Chris Pruitt as Vice President and General Manager of its Springfield, Missouri broadcast and digital operations. Pruitt brings nearly 30 years of experience to the role, overseeing KRBK-TV, KOZL-TV, and Ozarksfirst.com.
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Nexstar Media Group to Participate in Upcoming Investor Conferences

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Nexstar Media Group, Inc. (NASDAQ: NXST) executives will participate in two investor conferences in March: Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024, and Deutsche Bank 32nd Annual Media, Internet & Telecom Conference on March 12, 2024. The webcasts will be available on Nexstar's website.
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Nexstar Media Appoints Stacey Lynn Schulman as Executive Vice President, Platform Marketing and Intelligence

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Nexstar Media Group, Inc. appoints Stacey Lynn Schulman as Executive Vice President, Platform Marketing and Intelligence. Ms. Schulman will drive demand, develop creative opportunities for advertisers, and enhance sales intelligence.
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Nexstar Media Names Angie Salas as Vice President and General Manager of Its Broadcast and Digital Operations in Champaign, IL

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Nexstar Media Group appoints Angie Salas as Vice President and General Manager of Champaign and Springfield operations. Salas brings over a decade of experience in driving revenue growth, market share, and team development. Her strategic leadership and data-driven approach have proven successful in previous roles, making her an ideal fit for this new position.
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Nexstar Media Group Board Adopts Policy Regarding the Roles of Chairperson of the Board of Directors and Chief Executive Officer

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Nexstar Media Group, Inc. (NXST) announced a new policy regarding the roles of Chairperson of the Board of Directors and Chief Executive Officer. The policy states that these roles cannot be held by the same individual. The policy will take effect after the current CEO, Perry Sook, leaves the company and the board. Sook's current employment agreement runs through March 31, 2026, and he is the company’s third largest shareholder, with holdings of approximately 4.6% of its outstanding shares. The Board believes this policy is in the best interests of the Company and its shareholders, as it does not interfere with Sook’s leadership while establishing a plan for future leadership. Sook founded Nexstar in 1996 and has been CEO since then, spearheading the Company’s transformative growth. Nexstar is a leading diversified media company and America’s largest local broadcasting group, with revenue for the twelve months ended September 30, 2023, of over $5 billion.
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NIELSEN AND NEXSTAR ANNOUNCE COMPREHENSIVE AGREEMENT FOR LOCAL & NATIONAL TV MEASUREMENT SERVICES

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Nielsen, a global leader in audience measurement, data, and analytics, has announced a multi-year extension of an agreement with Nexstar Media Group, Inc. (NASDAQ: NXST) to provide Local and National TV measurement services across Nexstar's media businesses. Under the agreement, Nielsen will continue to be a preferred Nexstar provider of currency-grade TV audience data, offering a comprehensive suite of measurement solutions. Nexstar and other Nielsen customers will have access to Nielsen's Big Data + Panel measurement approach, combining the scale of millions of homes with representative people-powered panels for more accurate and data-driven measurement.
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Nexstar Media Names Bill Dallman as Vice President and General Manager of Its Broadcast and Digital Operations in Grand Junction, Colorado

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Nexstar Media Group, Inc. (NXST) appoints Bill Dallman as Vice President and General Manager of its broadcasting and digital operations serving Grand Junction and Montrose, CO. Dallman will report to Traci Wilkinson, Senior Vice President and Regional Manager for Nexstar’s broadcasting division, and begin his new duties on Monday, February 12. Dallman brings over three decades of experience in the media business and has a history of success in the broadcasting industry, with a track record of increasing ratings, developing innovative local content and digital initiatives, and driving revenue growth.
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Nexstar Media Group Raises Quarterly Cash Dividend by 25% to $1.69 Per Share

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Nexstar Media Group, Inc. (NXST) has announced a 25% increase in its quarterly cash dividend to $1.69 per share, representing a 3.8% annualized yield based on the closing stock price on January 25, 2024. The dividend is payable on February 23, 2024, to shareholders of record on February 9, 2024. This marks the eleventh consecutive annual cash dividend increase for the company. Perry Sook, Nexstar Media Group’s Founder, Chairman, and CEO, emphasized the company's strong free cash flow generation, commitment to delivering increased returns to shareholders, and confidence in its business model and growth opportunities.
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FAQ

What is the current stock price of Nexstar Media Group (NXST)?

The current stock price of Nexstar Media Group (NXST) is $169.75 as of November 22, 2024.

What is the market cap of Nexstar Media Group (NXST)?

The market cap of Nexstar Media Group (NXST) is approximately 5.6B.

What is Nexstar Media Group, Inc.?

Nexstar Media Group, Inc. is the largest television station owner-operator in the United States, with over 200 television stations in 116 markets.

What networks are affiliated with Nexstar Media Group?

Nexstar's stations are affiliated with major networks such as CBS, Fox, NBC, and ABC.

What digital platforms does Nexstar operate?

Nexstar operates digital platforms like The Hill and NewsNationNow.com, offering local news and information.

What recent achievements has Nexstar accomplished?

Nexstar recently extended a multi-year agreement with Nielsen for TV and digital measurement services.

How does Nexstar support local communities?

Nexstar delivers unique local content and provides businesses with targeted advertising solutions to engage local audiences.

What is the significance of Nexstar's agreement with Nielsen?

The agreement with Nielsen allows Nexstar to leverage advanced audience measurement tools for more accurate data and insights.

How has Nexstar grown over the years?

Nexstar has grown from a single station to the largest U.S. TV station operator in 20 years, expanding its portfolio and market reach.

What is NewsNation?

NewsNation is America's fastest-growing national cable news network, owned and operated by Nexstar Media Group.

What stake does Nexstar have in the Food Network?

Nexstar holds a 31% ownership stake in the Food Network and the Cooking Channel.

How many U.S. TV households does Nexstar reach?

Nexstar reaches approximately 68% of U.S. TV households, making it the largest TV station operator in the country.

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Nexstar Media Group, Inc.

Nasdaq:NXST

NXST Rankings

#1232 Ranked by Market Cap
#739 Ranked by Dividends

NXST Stock Data

5.60B
29.05M
6.23%
96.73%
6.02%
Broadcasting
Television Broadcasting Stations
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United States of America
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