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.
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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.
NewsNation will become a 24/7 cable news network starting June 1. New programming includes an early-evening edition of 'NewsNation Now' with Adrienne Bankert on weekends. This expansion follows recent launches of other weekend news shows. President Sean Compton emphasized the network's commitment to unbiased news. Since its rebranding in 2021, NewsNation has seen a 210% rise in primetime viewers and a 120% increase among adults 25-54. The network reaches nearly 67 million U.S. households. Three veteran journalists, Anna Kooiman, Laura Ingle, and Alicia Nieves, have joined the team.
The CW Network has unveiled its seven-night primetime schedule for 2024-2025, featuring a mix of game shows, dramas, sports, and movies. Highlights include 'Trivial Pursuit' and 'Scrabble' on Mondays, WWE NXT on Tuesdays, and returning series like 'Sullivan’s Crossing' on Wednesdays. Thursdays will feature the final season of 'Superman & Lois' and the new drama 'The Librarians: The Next Chapter.' Fridays bring back 'Whose Line Is It Anyway?' and 'Inside the NFL.' Saturdays will focus on CW Sports with NASCAR Xfinity Series and college football, while Sundays are reserved for movie nights. Midseason additions include 'Good Cop/Bad Cop' and 'Sherlock & Daughter.' CW Sports will include more live events than before, including WWE NXT, Pac-12 football, and NASCAR Xfinity Series. The network aims to deliver 500 hours of sports content in 2025.
The CW Network will nationally broadcast 11 Pac-12 football games featuring Oregon State and Washington State during the 2024 season. This includes a doubleheader on August 31, 2024. The broadcasts, produced by Pac-12 Enterprises, promise coast-to-coast coverage of these home games. The CW's sports lineup also includes ACC football, LIV Golf, and NASCAR Xfinity Series. Last season, The CW's college football broadcasts reached over 1 million viewers. The network aims to deliver over 500 hours of premium sports content in 2025. Key stakeholders emphasize the partnership's benefits, including national exposure and improved scheduling for student-athletes and fans.
Nexstar Media Group, Inc. reported record first-quarter net revenue of $1.28 billion, driving net income to $167 million, adjusted EBITDA to $542 million, and adjusted free cash flow to $403 million. Additionally, the company reduced quarterly losses at The CW by $50 million and returned $168 million to shareholders, reducing shares outstanding by 1.7%. The company remains confident in delivering strong financial results, especially with anticipated record political spending in the upcoming presidential election cycle.
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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