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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 Television Stations in Chicago, Norfolk, and Lafayette, LA, to Become Affiliated With The CW Network on September 1

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Nexstar Media Group, Inc. (NASDAQ: NXST) announced that its TV stations in Chicago, Norfolk, and Lafayette will become affiliates of The CW Network on September 1, 2024. The move expands Nexstar's reach to 42 CW stations, covering over 36% of US TV Households. The stations will air primetime entertainment, live sports, and special events, providing new advertising opportunities.

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Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share

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Nexstar Media Group, Inc. (NASDAQ: NXST) has declared a quarterly cash dividend of $1.69 per share of its common stock. The dividend will be payable on May 24, 2024, to shareholders of record on May 10, 2024. The Company plans to continue paying regular quarterly cash dividends, subject to review and discretion by the Board of Directors.
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Nexstar Media Group to Participate in Upcoming Investor Conferences

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Nexstar Media Group, Inc. (NASDAQ: NXST) will participate in two institutional investor conferences in May: MoffettNathanson Technology, Media & Telecom Conference on May 14, 2024, in New York, and JPMorgan 52nd Annual Global Technology, Media and Communications Conference on May 20, 2024, in Boston. Perry A. Sook, Chairman and CEO, will be the speaker at both events. The webcasts and replays will be available on Nexstar's website. Contact sales representatives to register for the conferences and request meetings with Nexstar management.
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Nexstar Media Group to Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 9

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Nexstar Media Group, Inc. (NXST) will report its 2024 first quarter financial results on May 9, 2024. A conference call and webcast will be held to review the results. Interested parties can access the call and webcast through the company's website. Webcast replay will be available for 90 days.
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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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FAQ

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

The current stock price of Nexstar Media Group (NXST) is $146.34 as of February 26, 2025.

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

The market cap of Nexstar Media Group (NXST) is approximately 4.9B.

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.
Stock NXST logo
Nexstar Media Group Inc

Nasdaq:NXST

NXST Rankings

#949 Ranked by Market Cap
#588 Ranked by Dividends

NXST Stock Data

4.90B
29.01M
6.21%
100.45%
6.49%
Broadcasting
Television Broadcasting Stations
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United States
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