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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 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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Nexstar Media Group Declares Quarterly Cash Dividend of $1.35 Per Share

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Nexstar Media Group declares quarterly cash dividend of $1.35 per share of common stock.
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Nexstar Media and ReachTV Announce Partnership Extending Distribution of NewsNation and the CW Network

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Nexstar Media Group and ReachTV are partnering to distribute NewsNation and CW Network sports programming to over 50 million viewers per month in hotels and airports across the US.
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Nexstar Media Group Promotes Steven Blanchard to Vice President and General Manager of Its Broadcasting and Digital Operations in Richmond, Virginia

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Nexstar Media Group has promoted Steven Blanchard to Vice President and General Manager of its broadcasting and digital operations in Richmond, Virginia. Blanchard brings almost thirty years of broadcast sales and management experience to his new role, with a track record of growing revenue and profitability. He has a keen understanding of creating unique and innovative strategies to serve advertising and marketing clients. Blanchard's appointment is expected to bring growth opportunities for WRIC-TV and wric.com.
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Nexstar Media Group Releases New Investor Presentation Highlighting Its Perspectives on the Evolving Media/Television Landscape

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Nexstar Media Group releases investor presentation highlighting positive impact on broadcast television industry.
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Nexstar Media Group to Report 2023 Third Quarter Results, Host Conference Call and Webcast on November 8

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Nexstar Media Group to report Q3 2023 financial results on November 8, 2023.
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DIRECTV and Nexstar Media Group, Inc., Reach New Multi-Year Distribution Agreement

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DIRECTV and Nexstar Media Group have reached a new multi-year distribution agreement covering 176 Nexstar-owned local TV stations and NewsNation.
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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 $149.23 as of February 25, 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.
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Nexstar Media Group Inc

Nasdaq:NXST

NXST Rankings

#946 Ranked by Market Cap
#598 Ranked by Dividends

NXST Stock Data

4.94B
29.01M
6.21%
100.45%
6.49%
Broadcasting
Television Broadcasting Stations
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United States
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