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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

Mission Broadcasting and Nexstar Media Group Launch NextGen TV on WPIX-TV in New York City

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Nexstar Media Group, Inc. (NXST) and Mission Broadcasting, Inc. launch NextGen TV on WPIX-TV in New York City, marking the 51st Nexstar-owned or partner market to begin broadcasting with ATSC 3.0. This week, Nexstar also transitioned its local television stations in El Paso and Baton Rouge, as well as a partner station in Baton Rouge owned by White Knight Broadcasting, Inc. Over 58 million U.S. television households now receive a NextGen TV signal from a Nexstar-owned or partner station. Nexstar plans to continue market launches in 2024, expecting to transition the Chicago and San Diego markets. ATSC 3.0 is a revolutionary new digital broadcast technology delivering stunning video with brilliant color, sharper images, and deeper contrast to create a more life-like viewing experience.
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Nexstar Media Promotes Mike Spruill to Vice President and General Manager of Its Broadcast and Digital Operations in Nashville, Tennessee

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Nexstar Media Group, Inc. (NASDAQ: NXST) has promoted Mike Spruill to Vice President and General Manager of its broadcast and digital operations in Nashville, Tennessee. Mr. Spruill brings over 30 years of experience in broadcast television marketing and sales, demonstrating the ability to grow revenue and profitability. He has a proven track record of identifying new revenue streams, cultivating new business, and developing innovative cross-platform solutions for advertisers and marketers. Mr. Spruill has a history of growing broadcasting and digital revenue, deepening community partnerships, and expanding programming in his previous roles. His appointment is expected to drive new business opportunities and strengthen client relationships in Nashville.
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98 Degrees Celebrates NYE 2023 with an Intimate Concert During Nexstar Media Group's "Las Vegas Countdown to 2024" Television Special

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98 Degrees (98D) will perform their greatest hits and release their new single 'Got U' at Midnight on Nexstar Media Group's 'Las Vegas Countdown to 2024' television special. The event will be broadcast in 14 Nexstar television markets, including KTLA-TV, KRON-TV, and KLAS-TV, among others.
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NewsNation and The CW Network Deliver More Than 4 Million Viewers for GOP Presidential Primary Debate

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NewsNation (Nexstar Media Group, NGS) and The CW Network drew a combined 4 million viewers for the final GOP Presidential primary debate before the Iowa caucuses. NewsNation achieved its largest audience in history with nearly 1.6 million viewers, and The CW Network delivered over 2.5 million viewers, making it their most watched primetime program since 2018. In New York City, WPIX-TV's broadcast of the debate was #1 in primetime, drawing over 300,000 total viewers. NewsNation's weekday primetime viewership is up 73% in total viewers and 90% among adults 25 to 54, compared to the same time last year. Preliminary digital results show nearly 400,000 users livestreamed the debate via the NewsNation website or mobile app, with record-breaking app numbers.
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Nexstar Media Group to Participate in Four Upcoming Investor Conferences

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Nexstar Media Group, Inc. (NASDAQ: NXST) announces participation in four investor conferences in November and December. Fireside chat presentations at Stephens, BofA Securities, UBS, and MoffettNathanson events. Live webcasts and replays available on Nexstar's website.
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NewsNation to Host Fourth 2024 Republican Presidential Primary Debate on December 6, at 8 p.m. ET

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Nexstar Media Group, Inc. (NASDAQ: NXST) to host the fourth Republican presidential primary debate of the 2024 election cycle on December 6th, 2023. The debate will be exclusively aired on NewsNation and The CW Network, featuring moderators Megyn Kelly, Elizabeth Vargas, and Eliana Johnson. The event will take place at the University of Alabama and will be live-streamed on NewsNation's website and Rumble.
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Nexstar Media Group Reports Third Quarter Net Revenue of $1.13 Billion

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Nexstar Media Group, Inc. (NASDAQ: NXST) reported Q3 consolidated net revenue of $1.132 billion, driving operating income of $94 million, net income of $8 million, consolidated adjusted EBITDA of $236 million, and attributable free cash flow of $100 million. The company also reduced shares outstanding by over 25% since 12/31/19.
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The CW Network to Become the Exclusive Broadcast Home to WWE NXT

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WWE NXT Signs Five-Year Deal with The CW Network to Air Live Events Featuring Next Generation Superstars, Expanding Audience Reach and Sports Programming Portfolio
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Nexstar Media Group and Cox Communications Reach Multi-Year Distribution Agreement

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Nexstar Media Group, Inc. (NASDAQ: NXST) and Cox Communications have reached a multi-year distribution agreement covering 38 Nexstar-owned television stations, national cable news network NewsNation, and digital networks Antenna TV and Rewind TV. Specific terms were not disclosed.
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Detroit’s WMYD-TV to Become CW Affiliate on Monday, Nov. 13

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The CW Network and The E.W. Scripps Company have announced an agreement for WMYD-TV in Detroit to become a CW affiliate. Starting from November 13, TV20 will broadcast The CW's primetime entertainment, live sports, and special event programming. The financial terms of the agreement were not disclosed.
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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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