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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

The CW Network and Hearst Television Expand and Extend Affiliation Partnership

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The CW Network (The CW) expands and extends its network affiliation agreement with Hearst Television (Hearst), launching a new CW affiliate in Sacramento, California. The comprehensive multi-year agreement covers six markets and includes the launch of The CW on Hearst’s KQCA-TV in Sacramento. The agreement also extends to Orlando, Kansas City, Portland, Greensboro, Burlington, and Ft. Smith. Financial terms were not disclosed.
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Nexstar Media Group Seeks Next-Generation Audience Measurement Partner

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The NASCAR Xfinity Series Will Have an Exclusive New Home on The CW Network

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The CW to Broadcast All NASCAR Xfinity Series Races Starting in 2025 - The CW Network secures exclusive rights to broadcast 33 live NASCAR Xfinity Series races annually, marking the first time in series history that every race will be available on free, over-the-air broadcast television. The agreement underscores recent trends in major sports properties prioritizing broadcast television for wider fan reach and industry importance.
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Nexstar Media Group Declares Quarterly Cash Dividend of $1.35 Per Share

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Nexstar Media Group, Inc. (NXST) Declares Quarterly Cash Dividend of $1.35 per Share, Payable on August 24, 2023
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Nexstar Media Group Appoints Tony Wells to Board of Directors

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Nexstar Names Media Industry Executive Michael Biard as President and Chief Operating Officer

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Nexstar Media Group, Inc. (NASDAQ: NXST) appoints Michael Biard as President and Chief Operating Officer, succeeding Thomas Carter. Biard's employment agreement extends through August 2027. He joins Nexstar after 23 years at Fox Corporation, bringing extensive experience in media operations and distribution. The appointment is expected to further the growth of Nexstar's national brands and audiences, enhance the value of its spectrum through ATSC 3.0 deployment, and target accretive mergers and acquisitions.
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Nexstar and Hawaiian Telcom Reach Multi-year Distribution Agreement

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Nexstar Media Group, Inc. (NASDAQ: NXST) and Hawaiian Telcom reach a multi-year distribution agreement covering Nexstar’s local TV stations in Hawaii, NewsNation, and Rewind TV, allowing Hawaiian Telecom subscribers to enjoy uninterrupted access to high-quality national and local content. The agreement includes favorite network entertainment programming, Women’s World Cup soccer matches, and in-depth local news, weather and sports coverage by KHON-TV, KHON2, and KHII-TV.
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Nexstar Promotes Larry Cottrill to Vice President and General Manager of Its Broadcasting and Digital Operations Serving Columbus, Ohio

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Nexstar Media Group promotes Larry Cottrill to Vice President and General Manager of its broadcast and digital operations in Columbus, Ohio. Cottrill has a successful track record of growing ratings, sales, revenue, and profitability. He will take over from Ken Freedman, who is retiring after a 44-year career in broadcasting.
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Nexstar Names Mitzi Coleman as Vice President and General Manager of Its Broadcasting and Digital Operations Serving Wheeling, West Virginia and Steubenville, Ohio

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Nexstar Media Group has appointed Mitzi Coleman as Vice President and General Manager of its broadcast and digital operations in Wheeling, West Virginia. She will oversee WTRF-TV and its website, mobile apps, and social media channels. Coleman has a 20+ year career in broadcast advertising and has demonstrated the ability to grow sales and profitability. She has previously served as Market Sales Manager and Station Manager for KTVL-TV CBS 10 and its sister station in Medford, Oregon.
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Nexstar Media Group Enters Into Multi-Year Employment Agreement Extensions With Sean Compton, President, Networks, and Dana Zimmer, President, Distribution and Strategy

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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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