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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’s KAUT-TV in Oklahoma City to Become CW Network Affiliate on September 1

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KAUT-TV to become affiliate of The CW Network, boosting viewership and advertising opportunities
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The CW Network and Sinclair Expand and Extend Affiliation Partnership

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The CW Network and Sinclair Broadcast Group renew affiliations across 35 markets and add two new affiliate stations in Seattle and Pittsburgh.
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The CW Network and Gray Television Expand and Extend Affiliation Partnership

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The CW Network expands partnership with Gray Television, adds new affiliate in Atlanta
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Nexstar Media Group Promotes Tracey Rogers to Senior Vice President and Regional Manager

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Nexstar Media Group promotes Tracey Rogers to Senior VP and Regional Manager for its broadcasting division
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Nexstar Media Group Television Stations Receive Six National Edward R. Murrow Awards for Outstanding Journalism and Exceptionally Produced Local Content

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Nexstar Media Group's local news operations receive six awards at the Edward R. Murrow Awards, including 'Breaking News Coverage,' 'Continuing Coverage,' and 'Overall Excellence.' WKRN-TV, WJZY-TV, KXAN-TV, WIVB-TV, and WPRI-TV were among the winners.
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Nexstar Media Group to Participate in Two September Investor Conferences

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Nexstar Media Group, Inc. (NASDAQ: NXST) announced that Tom Carter, Senior Advisor to the CEO and Board of Directors, and Lee Ann Gliha, EVP and CFO, will participate in two institutional investor conferences in September. They will be at The BofA Securities Media, Communications and Entertainment Conference on September 13 and The Benchmark 10th Annual Tech/Media/Telecom One-on-One Conference on September 14. A fireside chat Q&A session will be available, and a live webcast and replay will be accessible on Nexstar’s website.
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Nexstar Media Group Enters Into Multi-Year Employment Agreement Extension With Chief Communications Officer Gary Weitman

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Nexstar Media Group, Inc. (NASDAQ: NXST) extends the employment agreement of Gary Weitman, the company’s Executive Vice President and Chief Communications Officer, reporting to Perry Sook. Weitman has been instrumental in communicating the company’s growth, including the launch of NewsNation, acquisition of The Hill and The CW Network, and expansion of broadcast footprint. He is respected in the media industry, with nearly 30 years of experience in strategic communications.
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Nexstar Media Names Jon Camera as Senior Vice President of National Sales Division

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Nexstar Media Group, Inc. (NASDAQ: NXST) announces the appointment of Jon Camera as Senior Vice President of its national advertising sales division. Mr. Camera will lead the newly created national sales team in markets across the country. With a proven track record at Disney Advertising Sales, he is expected to play a critical role in Nexstar's unified sales strategy, driving exponential growth for the company.
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Nexstar Media Group Reports Second Quarter Net Revenue of $1.24 Billion

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Nexstar Media Group, Inc. (NASDAQ: NXST) reported Q2 net revenue of $1.24 billion, driving operating income of $179 million and net income of $75 million. The company also achieved consolidated adjusted EBITDA of $331 million and attributable free cash flow of $100 million. Despite a decrease in core and political advertising revenue, distribution and digital revenue saw an increase. The company completed its acquisition of a 75% ownership interest in The CW Network, LLC, and management believes this presentation to be useful to investors as an indicator of the company's operating performance.
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The CW Network Extends Contract of Dennis Miller as President

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Nexstar Media Group, Inc. (NXST) extends contract of The CW Network President Dennis Miller through 2027, following acquisition. Miller's leadership has led to dynamic new programming strategy, including high-profile live sporting events and primetime entertainment shows. The network plans to carry over 400 hours of sports programming by 2025.
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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.

Stock NXST logo
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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