NASDAQ Framework: Nexstar Media Group Inc.
Largest U.S. local broadcast television group 1.
1: Headquartered in Irving, Texas, Nexstar Media Group, Inc. is the largest local broadcast television group in the United States and one of the world’s leading diversified media companies. View Source
Nexstar Media Group, Inc. is the largest local broadcast television group in the United States, owning and operating over 200 stations across 116 markets, reaching more than 68% of U.S. television households 23. Founded in 1996 and headquartered in Irving, Texas, Nexstar produces and distributes a wide array of local and national news, sports, and entertainment content across its television and digital platforms 45. The company also owns NewsNation, a national cable news network, and holds a 75% majority stake in The CW Network 6. Nexstar's digital assets include local websites, mobile applications, and a suite of advertising solutions, making it a diversified media company with a significant presence in both traditional and digital media 7.
2: Nexstar Media Group Inc is the largest television station owner-operator in the United States with over 200 stations in 116 markets. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has stations in 12 of the top 20 television markets and reaches 68% of us TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel. View Source3: Nexstar owns, operates, programs or provides sales and other services to 200 broadcast stations (including partner stations) and their related low power and digital multicast signals reaching 116 markets or more than 68% of all U.S. television households. View Source4: Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services. The company offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites, mobile and over-the-top applications, other digital media solutions to media publishers, and advertisers and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks and other multicast network services. Further, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels representing products of local television stations, The CW, The Hill and BestReviews, and a suite of advertising solutions. Additionally, the company engages in digital business; and management of real estate assets, including leasing of owned office and production facilities. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas. View Source5: Headquartered in Irving, Texas, Nexstar Media Group, Inc. is the largest local broadcast television group in the United States and one of the world’s leading diversified media companies. On June 17, 2021, Nexstar marked 25 years of excellence in local programming and service since Perry A. Sook founded the company. [Read More] View Source6: Nexstar Media Group, Inc. is an American publicly traded media company with headquarters in Irving, Texas, Midtown Manhattan, and Chicago. The company is the largest television station owner in the United States, owning 197 television stations across the U.S., most of which are affiliated with the four "major" U.S. television networks and MyNetworkTV in markets as large as New York City and as small as San Angelo, Texas. It also operates all of the stations owned by affiliated companies, such as Mission Broadcasting and Vaughan Media, under local marketing agreements to satisfy existing regulations set in place by the Federal Communications Commission.[2][3][4][5] In addition, Nexstar owns one radio station, WGN in Chicago, and operates major TV network the CW through a 75-percent majority stake where all CW affiliates are directly owned-and-operated stations (O&O),[6][7] two terrestrial television networks airing classic shows, Antenna TV and Rewind TV, one FAST streaming channel airing sports programming, SportsGrid, and has full or partial ownership stakes in three pay television networks (cable news and entertainment network NewsNation and food and cooking networks Food Network and Cooking Channel, the latter two through a 31-percent stake in Television Food Network G.P.). View Source7: Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services. The company offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites, mobile and over-the-top applications, other digital media solutions to media publishers, and advertisers and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks and other multicast network services. Further, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels representing products of local television stations, The CW, The Hill and BestReviews, and a suite of advertising solutions. Additionally, the company engages in digital business; and management of real estate assets, including leasing of owned office and production facilities. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas. View Source
8: Nexstar Media Group was formed as Nexstar Broadcasting Group on June 17, 1996, initially backed by ABRY Partners.[8] The first television station bought by Nexstar was WYOU in Scranton, Pennsylvania. Nexstar bought WYOU from Diversified Communications.[9] The sale was completed on September 28 of that year.[10] Nexstar promptly fired two beloved anchors and laid off several long-term staff members.[9][11] Nexstar founder Perry Sook said that WYOU would be Nexstar's flagship station, keeping an office off the newsroom for years.[citation needed] In 1998, Nexstar purchased WBRE-TV in Wilkes-Barre, Pennsylvania. Because this was in the same market as WYOU, WYOU was 'sold' to Mission Broadcasting. This began the first-ever 'shared-services' agreement between stations. WYOU's sales staff was kept in Scranton, while the production and news operations were moved to WBRE's offices in Wilkes-Barre. WYOU staff who were not laid off were fired by Nexstar, hired by Mission, and eventually rehired by Nexstar. Mission Broadcasting then paid Nexstar to operate and control the production and news-gathering operations while Mission kept the sales and management team.[citation needed] View Source9: Headquartered in Irving, Texas, Nexstar Media Group, Inc. is the largest local broadcast television group in the United States and one of the world’s leading diversified media companies. On June 17, 2021, Nexstar marked 25 years of excellence in local programming and service since Perry A. Sook founded the company. [Read More] View Source
LOW RISK
Nexstar Media Group Inc. is profitable and has a strong financial position. The company reported record first-quarter net revenue of $1.28 billion in 2024 10. Additionally, Nexstar has a history of consistent dividend growth and solid yields, making it an attractive investment for those seeking steady income and long-term stability 1112. The company also has a diversified portfolio, including significant digital assets and ownership stakes in various networks, which further strengthens its financial stability 1314.
Nexstar Media Group Inc. is profitable and has a strong financial position. The company reported record first-quarter net revenue of $1.28 billion in 2024 10. Additionally, Nexstar has a history of consistent dividend growth and solid yields, making it an attractive investment for those seeking steady income and long-term stability 1112. The company also has a diversified portfolio, including significant digital assets and ownership stakes in various networks, which further strengthens its financial stability 1314.
10: Nexstar Media Group to Report 2024 Second Quarter Financial Results Host Conference Call and Webcast on August 8 Nexstar Media Group Reports Record First Quarter Net Revenue of $1.28 Billion Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share Nexstar Media Group To Participate In Upcoming Investor Conferences Nexstar Media Group to Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 9 View Source11: 3 Communication Services Stocks With Solid Dividend Yields: Nexstar Media, Verizon, And Interpublic Group of Companies Communication services stocks can be a perfect choice for investors seeking reliable income. Nexstar Media Group, Verizon Communications, and Interpublic Group of Companies have distinguished themselves with consistent payments and regular dividend ... Benzinga • 2 days ago IPG NXST VZ Spotting Winners: iHeartMedia (NASDAQ:IHRT) And Broadcasting Stocks In Q1 Let's dig into the relative performance of iHeartMedia (NASDAQ:IHRT) and its peers as we unravel the now-completed Q1 broadcasting earnings season. StockStory • 6 days ago AMCX FOXA NXST Long History Of Dividend Growth & Solid Yields: Nexstar Media, Towne Bank, And First Merchants Companies with a consistent dividend payment history are particularly attractive to investors seeking steady income and long-term stability. In this piece, we highlight three such companies — Nexstar Media, Towne Bank, and First Merchants — that have ... Benzinga • 15 days ago NXST FRME A Look Back at Broadcasting Stocks' Q1 Earnings: E.W. Scripps (NASDAQ:SSP) Vs The Rest Of The Pack Earnings results often indicate what direction a company will take in the months ahead. With Q1 now behind us, let’s have a look at E.W. Scripps (NASDAQ:SSP) and its peers. StockStory • 15 days ago SSP AMCX FOXA Looking For Dividend Ideas? Here Is A Diversified Mix Companies with a strong track record of maintaining and growing their dividends are highly appealing to investors. Here, we highlight three companies—ManpowerGroup, Northrop Grumman Corporation, and Nexstar Media Group—that have recently announced ... Benzinga • 25 days ago NOC NXST MAN 3 Overlooked Stocks on the Edge of an Unstoppable Surge Amid the rush of mainstream investments, certain jewels in the stock market scene frequently go undiscovered. These three overlooked stocks are promising, but many investors remain unaware. Comprehending and recognizing this potential broadens investment portfolios and provides avenues for noteworthy expansion opportunities. These businesses represent this untapped potential. Understanding these businesses’ distinct advantages helps with investment decision-making and provides information on sec InvestorPlace • 25 days ago NXST HLIT SBLK 3 High-Yield Stocks to Buy Now for Explosive Returns Investors always search for stocks offering explosive returns. A higher price-to-earnings (P/E) ratio typically helps identify opportunities with higher future growth. However, another important metric is the earnings yield, the inverse of the P/E ratio. Identifying high-yield stocks can be the key to generating outsized gains. They often correlate with highly undervalued share prices. When EPS increases faster than the stock price, it may lead to a lower forward P/E ratio due to higher EPS expe InvestorPlace • 25 days ago NXST BKU Unpacking Q1 Earnings: Paramount (NASDAQ:PARA) In The Context Of Other Broadcasting Stocks Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Paramount (NASDAQ:PARA) and the best and worst performers in the broadcasting industry. StockStory • 26 days ago COMB.BR NXST AMCX Nexstar Media Group to Report 2024 Second Quarter Financial Results, Host Conference Call and Webcast on August 8 IRVING, Texas, June 26, 2024--Nexstar Media Group will report 2024 second quarter financial results on August 8, and host a conference call and webcast that morning at 10am ET. Business Wire • 28 days ago NXST Nexstar Promotes Lloyd Bucher to Vice President and General Manager of Its Broadcast and Digital Operations in Philadelphia, Pennsylvania IRVING, Texas, June 25, 2024--Nexstar promoted Lloyd Bucher to Vice President and General Manager of its broadcast and media operations in Philadelphia, PA, including WPHL-TV (CW). Business Wire • 29 days ago NXST Nexstar Names Lisa Taylor as Senior Vice President of Digital Advertising Sales IRVING, Texas, June 11, 2024--Nexstar Media Group appointed Lisa Taylor SVP of Digital Advertising Sales, responsible for accelerating digital revenue across the broadcast group. Business Wire • last month NXST Q1 Earnings Outperformers: Gray Television (NYSE:GTN) And The Rest Of The Broadcasting Stocks Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Gray Television (NYSE:GTN) and the best and worst performers in the broadcasting industry. StockStory • last month GTN-A NXST AMCX Insider Sale: President of Broadcasting Andrew Alford Sells Shares of Nexstar Media Group Inc (NXST) On June 4, 2024, Andrew Alford, President of Broadcasting at Nexstar Media Group Inc (NASDAQ:NXST), sold 755 shares of the company. GuruFocus.com • last month NXST Insider Sale: President, Networks Sean Compton Sells Shares of Nexstar Media Group Inc (NXST) On June 4, 2024, Sean Compton, President, Networks at Nexstar Media Group Inc (NASDAQ:NXST), executed a sale of 849 shares of the company at a price of $160 per share. GuruFocus.com • last month NXST Nexstar Honors the Heroes of "D-Day" With Documentary Airing on Its Local TV Stations and Cable News Network, NewsNation IRVING, Texas, June 03, 2024--Nexstar Media Group, Inc., today announced that its owned and partner television stations will air "D-Day: The Greatest Victory," to commemorate the 80th anniversary of D-Day, the largest air, land, and naval operation in wartime history, when Allied troops landed on the coast of Normandy, France, to liberate Europe from the Nazis. Produced by Nexstar Broadcasting in association with WAVY-TV in Norfolk, Virginia, the exclusive program will air in 117 markets across Business Wire • last month NXST Gabelli Funds to Host 16th Annual Media & Entertainment Symposium Thursday, June 6, 2024 GREENWICH, Conn., June 03, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 16th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 6, 2024. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as Sports Investing and Advertising Panels. Attendees will also have the opportunity to meet with management in a GlobeNewswire • last month AMCX SPHR GTN Firing on All Cylinders: Nexstar Media (NASDAQ:NXST) Q1 Earnings Lead the Way Earnings results often indicate what direction a company will take in the months ahead. With Q1 now behind us, let’s have a look at Nexstar Media (NASDAQ:NXST) and its peers. StockStory • last month NXST AMCX FOXA Returns On Capital Signal Tricky Times Ahead For Nexstar Media Group (NASDAQ:NXST) If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for... Simply Wall St. • last month NXST Spotting Winners: Sinclair (NASDAQ:SBGI) And Broadcasting Stocks In Q1 Let's dig into the relative performance of Sinclair (NASDAQ:SBGI) and its peers as we unravel the now-completed Q1 broadcasting earnings season. StockStory • last month SBGI AMCX NXST 25 Nexstar Television Stations Win 35 Regional Edward R. Murrow Awards for Outstanding Journalism and Exceptional Locally Produced News Programming IRVING, Texas, May 30, 2024--Nexstar stations earned 35 regional Edward R. Murrow Awards from the Radio Television Digital News Association (RTDNA) for outstanding journalism. Business Wire • last month NXST View Source12: Long History Of Dividend Growth & Solid Yields: Nexstar Media, Towne Bank, And First Merchants View Source13: Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services. The company offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites, mobile and over-the-top applications, other digital media solutions to media publishers, and advertisers and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks and other multicast network services. Further, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels representing products of local television stations, The CW, The Hill and BestReviews, and a suite of advertising solutions. Additionally, the company engages in digital business; and management of real estate assets, including leasing of owned office and production facilities. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas. View Source14: Nexstar Media Group Inc is the largest television station owner-operator in the United States with over 200 stations in 116 markets. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has stations in 12 of the top 20 television markets and reaches 68% of us TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel. View Source
15: Nexstar Media Group to Report 2024 Second Quarter Financial Results, Host Conference Call and Webcast on August 8 Business Wire Jun 26, 2024 2:00pm Nexstar Promotes Lloyd Bucher to Vice President and General Manager of Its Broadcast and Digital Operations in Philadelphia, Pennsylvania Business Wire Jun 25, 2024 3:00pm Nexstar Names Lisa Taylor as Senior Vice President of Digital Advertising Sales Business Wire Jun 11, 2024 5:00pm Nexstar Honors the Heroes of “D-Day” With Documentary Airing on Its Local TV Stations and Cable News Network, NewsNation Business Wire Jun 3, 2024 2:00pm Gabelli Funds to Host 16th Annual Media & Entertainment Symposium Thursday, June 6, 2024 GlobeNewswire Jun 3, 2024 12:00pm 25 Nexstar Television Stations Win 35 Regional Edward R. Murrow Awards for Outstanding Journalism and Exceptional Locally Produced News Programming Business Wire May 30, 2024 8:09pm Gabelli Funds to Host 16th Annual Media & Entertainment Symposium Thursday, June 6, 2024 GlobeNewswire May 28, 2024 12:00pm NewsNation Expands to 24/7 Cable News Network on June 1 Business Wire May 22, 2024 1:00pm View Source16: ^ "Nexstar Media Group, Inc. (NXST) Ownership Summary". NASDAQ.com. Retrieved September 1, 2019. ^ "Virtual Duopolies Coming Under Fire". TV News Check. June 9, 2010. Retrieved May 30, 2012. ^ Stelter, Brian (May 28, 2012). "Local TV Stations Cut Costs by Sharing News Operations". The New York Times. ISSN 0362-4331. Retrieved January 29, 2019. ^ Malone, Michael (June 6, 2014). "Nexstar Plans Sale of Three Fox Affiliates For $58.5 Million". Broadcasting & Cable. Retrieved March 3, 2018. ^ "Fcc Revises Local Television Ownership Rules". Fcc.gov. August 5, 1999. Archived from the original on December 3, 2010. 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Nexstar Media Group Inc. is poised for significant growth and expansion from 2024 through 2026. The company plans to continue diversifying its digital and broadcast offerings, including the expansion of NewsNation to a 24/7 cable news network starting June 1, 2024 17. Additionally, Nexstar is launching a sports wagering diginet 18 and has acquired political news website The Hill to bolster its digital content portfolio 19. The company also aims to enhance its local news presence by acquiring additional stations, such as WSNN-LD in Sarasota, Florida 20, and expanding its CW Network affiliations 21. These strategic moves are designed to strengthen Nexstar's market position and drive long-term growth.
17: Nexstar Media Group to Report 2024 Second Quarter Financial Results, Host Conference Call and Webcast on August 8 Business Wire Jun 26, 2024 2:00pm Nexstar Promotes Lloyd Bucher to Vice President and General Manager of Its Broadcast and Digital Operations in Philadelphia, Pennsylvania Business Wire Jun 25, 2024 3:00pm Nexstar Names Lisa Taylor as Senior Vice President of Digital Advertising Sales Business Wire Jun 11, 2024 5:00pm Nexstar Honors the Heroes of “D-Day” With Documentary Airing on Its Local TV Stations and Cable News Network, NewsNation Business Wire Jun 3, 2024 2:00pm Gabelli Funds to Host 16th Annual Media & Entertainment Symposium Thursday, June 6, 2024 GlobeNewswire Jun 3, 2024 12:00pm 25 Nexstar Television Stations Win 35 Regional Edward R. Murrow Awards for Outstanding Journalism and Exceptional Locally Produced News Programming Business Wire May 30, 2024 8:09pm Gabelli Funds to Host 16th Annual Media & Entertainment Symposium Thursday, June 6, 2024 GlobeNewswire May 28, 2024 12:00pm NewsNation Expands to 24/7 Cable News Network on June 1 Business Wire May 22, 2024 1:00pm View Source18: On August 20, 2021, Nexstar acquired political news website The Hill for $130 million.[100] View Source19: On August 20, 2021, Nexstar acquired political news website The Hill for $130 million.[100] View Source20: On May 19, 2023, Ray Cole, COO of Citadel Communications, announced that WSNN-LD in Sarasota, Florida, the lone remaining station under Citadel ownership, would be sold to Nexstar for $1 million.[119][120] The sale was completed on July 20.[121] View Source21: Following Nexstar's purchase of the CW, Paramount's CBS News and Stations division was given the right to have its eight CW stations (WPSG in Philadelphia, WUPA in Atlanta, KBCW in San Francisco, KSTW in Seattle, WTOG in Tampa Bay, WKBD in Detroit, KMAX in Sacramento, and WPCW in Pittsburgh) disaffiliate from the network; such right was announced on May 5, 2023, when the aforementioned stations would become independent on September 1. Nexstar responded to the move by stating that it would find replacement CW affiliates, noting that "Paramount's decision affects a limited portion of The CW's nationwide reach."[110][111] The company announced on May 8 that it would buy KUSI-TV from McKinnon Broadcasting for $35 million, pending approval from the FCC; the purchase, which was closed on September 2, created a duopoly with Nexstar's Fox affiliate KSWB-TV, and is set to replace KFMB-DT2 as San Diego's CW station.[112][113] Between June 14 to August 31, Nexstar announced that it would convert MyNetworkTV affiliates in the displaced Philadelphia, San Francisco, and Tampa Bay markets (WPHL-TV, KRON-TV, and WTTA, respectively) into CW stations,[111] and signed several CW affiliation renewals (such as that with Gray, whose Atlanta-based WPCH-TV station would replace WUPA as that city's CW affiliate) to cover the remaining displaced markets.[114][115][116] View Source