Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. 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.
IPO Year: 2003
Exchange: NASDAQ
Website: nexstar.tv
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/28/2025 | $200.00 | Hold → Buy | Loop Capital |
| 11/8/2024 | $200.00 → $190.00 | Buy → Hold | Loop Capital |
| 5/13/2024 | $190.00 → $221.00 | Equal Weight → Overweight | Wells Fargo |
| 12/8/2023 | $158.00 | Neutral | Citigroup |
| 11/9/2022 | $227.00 → $175.00 | Overweight → Equal Weight | Wells Fargo |
| 9/6/2022 | $181.00 → $246.00 | Neutral → Buy | Rosenblatt |
| 4/19/2022 | $180.00 | Neutral | Rosenblatt |
| 3/2/2022 | $187.00 → $216.00 | Buy | Deutsche Bank |
| 2/23/2022 | $200.00 → $225.00 | Buy | Benchmark |
| 11/3/2021 | $173.00 → $186.00 | Overweight | Wells Fargo |
Loop Capital upgraded Nexstar from Hold to Buy and set a new price target of $200.00
Loop Capital downgraded Nexstar from Buy to Hold and set a new price target of $190.00 from $200.00 previously
Wells Fargo upgraded Nexstar from Equal Weight to Overweight and set a new price target of $221.00 from $190.00 previously
Citigroup initiated coverage of Nexstar with a rating of Neutral and set a new price target of $158.00
Wells Fargo downgraded Nexstar from Overweight to Equal Weight and set a new price target of $175.00 from $227.00 previously
Rosenblatt upgraded Nexstar from Neutral to Buy and set a new price target of $246.00 from $181.00 previously
Rosenblatt initiated coverage of Nexstar with a rating of Neutral and set a new price target of $180.00
Deutsche Bank reiterated coverage of Nexstar Media Group with a rating of Buy and set a new price target of $216.00 from $187.00 previously
Benchmark reiterated coverage of Nexstar Media Group with a rating of Buy and set a new price target of $225.00 from $200.00 previously
Wells Fargo reiterated coverage of Nexstar Media Group with a rating of Overweight and set a new price target of $186.00 from $173.00 previously
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4 - NEXSTAR MEDIA GROUP, INC. (0001142417) (Issuer)
4 - NEXSTAR MEDIA GROUP, INC. (0001142417) (Issuer)
4 - NEXSTAR MEDIA GROUP, INC. (0001142417) (Issuer)
4 - NEXSTAR MEDIA GROUP, INC. (0001142417) (Issuer)
4 - NEXSTAR MEDIA GROUP, INC. (0001142417) (Issuer)
4 - NEXSTAR MEDIA GROUP, INC. (0001142417) (Issuer)
4 - NEXSTAR MEDIA GROUP, INC. (0001142417) (Issuer)
Nexstar Media Group, Inc. (NASDAQ:NXST) ("Nexstar" or "the Company") announced that at its 2025 Annual Shareholders' Meeting shareholders voted to: Elect all nominees to Nexstar's Board of Directors; Affirm the executive compensation of the Company's Named Executive Officers, with approximately 95.5% shareholder support; and, Ratify the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025. The official voting results for each proposal voted on by shareholders is being filed with the Securities and Exchange Commission at www.sec.gov. About Nexstar Media Group, Inc. Nexstar Media Group, Inc.
Nexstar to leverage Salesforce's deeply unified platform, including Agentforce to enhance advertising sales operations Salesforce (NYSE:CRM), the world's #1 AI CRM, today announced it is extending its relationship with Nexstar Media Group, Inc. (NASDAQ:NXST), one of the nation's leading diversified media companies and the country's largest owner of local television stations. Salesforce also announced that Nexstar has selected Salesforce Media Cloud to enhance and streamline its local advertising sales operations, and Agentforce to assist Nexstar in building and deploying AI agents that automate tasks, reason, decide, act, and drive outcomes 24/7 without human intervention. As advertiser
Veteran Technology Executive to Lead Next-Generation Wireless Venture Powered by ATSC 3.0 EdgeBeam Wireless, LLC, the joint venture launched by The E.W. Scripps Company, Gray Media, Nexstar Media Group, Inc., and Sinclair, Inc., is pleased to announce the appointment of Conrad Clemson as its Chief Executive Officer, effective immediately. EdgeBeam was created to deliver robust, high-performance wireless data services to a wide range of industries by leveraging broadcasters' uniquely efficient infrastructure and the transformative power of the ATSC 3.0 standard. As CEO, Clemson will lead the build-out of EdgeBeam's platform and operations, fulfilling the founders' shared vision for natio
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that it released a new investor presentation highlighting the Company's leading industry position, long-term record of execution and value creation, the value of the broadcast television model, and perspectives on its growth opportunities. The presentation provides additional detail for investors that are new to the Nexstar story. Highlights from the presentation include: The prospect for meaningful broadcast ownership reform; Nexstar's unique scale, asset mix, and competitive positioning as the owner of the largest portfolio of local broadcast television stations, The CW, America's fifth major broadcast network, and NewsNation,
GREENWICH, Conn., June 03, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 17th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 5, 2025. 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, Media & Telecom Regulatory, and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one setting. The symposium will also be available via webcast. Due to popular demand and available capacity, those interested should contact their relationship pe
WKRG-TV in Mobile, Alabama and KGET-TV in Bakersfield, California Honored for "Overall Excellence" Nexstar Media Group, Inc. (NASDAQ:NXST), today announced that 28 of its owned and operated television stations have earned a total of 52 regional Edward R. Murrow Awards from the Radio Television Digital News Association (RTDNA). WKRG-TV (CBS) in Mobile, AL (DMA #56), and KGET-TV (NBC/CW) in Bakersfield, CA (DMA #125), were honored for "Overall Excellence." KGET-TV also won awards in six other categories: "Breaking News Coverage," "Excellence in Writing," "Feature Reporting," "Newscast," "Sports Reporting," and "Excellence in Diversity, Equity, and Inclusion." WJZY-TV/Queen City News (
Curated Program Line-up Featuring The Iconic Zany TV Comedies of the Eighties Include "Three's Company," "Three's A Crowd," "The Ropers," "Too Close For Comfort" and "Check It Out!" Features Beloved Sitcom Stars John Ritter, Ted Knight, Suzanne Somers, Joyce DeWitt, Jeffrey Tambor, Norman Fell, Audra Lindley, Don Knotts, Audrey Meadows and Don Adams NEW YORK, May 13, 2025 /PRNewswire/ -- DLT Entertainment, the award-winning international production and distribution company, has inked distribution deals with The CW and TCLtv+, further expanding the footprint of 80's Sitcom Flashback, the first FAST Channel exclusively curated to celebrate the zany, heartwarming and addictive situation comed
GREENWICH, Conn., May 12, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 17th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 5, 2025. 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, Media & Telecom Regulatory, and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one setting. For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for more i
Q1 Net Revenue Drives Net Income of $97 Million, Adjusted EBITDA of $381 Million, Net Cash Provided by Operating Activities of $337 Million and Adjusted Free Cash Flow of $348 Million Record First Quarter Distribution Revenue Quarterly Return of Capital to Shareholders of $132 Million Nexstar Media Group, Inc. (NASDAQ:NXST) ("Nexstar" or the "Company") today reported financial results for the first quarter ended March 31, 2025 as summarized below. Please visit Nexstar's website to view the full press release. STATEMENT FROM PERRY A. SOOK, FOUNDER, CHAIRMAN AND CEO "Nexstar delivered solid first quarter Net Revenue, Adjusted EBITDA, and Adjusted Free Cash Flow, driven by record first qu
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.86 per share of its common stock. The dividend is payable on Monday, June 2, 2025, to shareholders of record on Monday, May 19, 2025. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion. About Nexstar Media Group, Inc. Nexstar Media Group, Inc. (NASDAQ:NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and
Veteran Technology Executive to Lead Next-Generation Wireless Venture Powered by ATSC 3.0 EdgeBeam Wireless, LLC, the joint venture launched by The E.W. Scripps Company, Gray Media, Nexstar Media Group, Inc., and Sinclair, Inc., is pleased to announce the appointment of Conrad Clemson as its Chief Executive Officer, effective immediately. EdgeBeam was created to deliver robust, high-performance wireless data services to a wide range of industries by leveraging broadcasters' uniquely efficient infrastructure and the transformative power of the ATSC 3.0 standard. As CEO, Clemson will lead the build-out of EdgeBeam's platform and operations, fulfilling the founders' shared vision for natio
CBS Television Network to Broadcast AVP League Championship Live on Labor Day Weekend: CBS Sports Network Continues to air Additional Matches Throughout the Season The CW Network to Air Weekly Professional Beach Volleyball Matches from Iconic Venues on Summer Saturdays Starting Memorial Day The AVP, America's only professional beach volleyball league, is today announcing historic national broadcast partnerships with CBS Sports and The CW Network. CBS Television Network will broadcast the 2025 AVP League Championship in a marquee television event on Sunday, August 31st from 2:00-4:00pm ET in addition to matches airing on CBS Sports Network throughout the season. The CW will also broadcast
Nexstar Media Group, Inc. (NASDAQ:NXST) today announced the appointment of Samantha Osborne Reynolds as Vice President of Political Sales, effective February 18. Ms. Osborne Reynolds will be responsible for building and managing the company's newly created national political sales division, creating and developing go-to-market political advertising strategies across all of Nexstar's platforms, and generating significant growth in linear, digital, and connected TV political revenues. She will be based in Washington, D.C., and report to Jon Camera, Nexstar's Senior Vice President for Advertising Sales. Ms. Osborne Reynolds brings more than 17 years of experience in political strategy and adv
Experienced Broadcast Leader Will Oversee WGN-TV, WGN-TV+, wgntv.com, and Their Related Mobile and Social Media Channels Nexstar Media Group, Inc. (NASDAQ:NXST), today announced the appointment of Ric Harris as Vice President and General Manager of its broadcast and digital operations in Chicago, Illinois (DMA #3), overseeing the long-range planning and day-to-day management of WGN-TV (CW), WGN-TV+, wgntv.com, and their related mobile and social media channels. Mr. Harris succeeds Paul Rennie, who retired last year. He will assume his new duties immediately and report to Brandin Stewart, Senior Vice President and Regional Manager for Nexstar's broadcasting division. Mr. Harris brings mo
ATLANTA, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Four of the nation's largest independent local broadcasting groups have come together to form EdgeBeam Wireless, LLC, a joint venture created to provide robust wireless data services to a wide range of businesses and industries across the country. The E.W. Scripps Company, Gray Media, Inc., Nexstar Media Group, Inc., and Sinclair, Inc. launched the new company ahead of meetings this week at the Consumer Electronics Show in Las Vegas. Leveraging broadcasters' uniquely efficient network architecture and the ATSC 3.0 transmission standard, EdgeBeam Wireless will provide expansive, reliable, and secure data delivery services. Using the broadcasters
Experienced Broadcast Executive and News Leader Will Direct Nexstar's National News Content in the Nation's Capital Nexstar Media Group, Inc. (NASDAQ:NXST), today announced the appointment of Bill Sammon as Senior Vice President of Washington, D.C., Editorial Content for The Hill, the nation's leading source of digital political news and analysis, and NewsNation, Nexstar's national cable news network. In this newly created position, Mr. Sammon will be responsible for directing Nexstar's national news content in the nation's capital, where he will be based. Mr. Sammon will report to Cherie Grzech, President and Managing Editor for News and Politics at NewsNation, and assume his new duties
Experienced Washington Media and Communications Industry Advocate Will Represent Company's Interests in the Nation's Capital Nexstar Media Group, Inc. (NASDAQ:NXST), today announced the appointment of Washington, D.C., and media and telecommunications industry advocate Scott Weaver as the company's Senior Vice President of Government Relations. He will report directly to Nexstar's Chairman and Chief Executive Officer, Perry Sook, and will begin his new duties on September 5. In this newly created role, Mr. Weaver will work with Mr. Sook to set the company's legislative and regulatory priorities, represent Nexstar's interests to the executive branch of the federal government, Congress, and
Chief Financial Officer at IPG Brings Extensive Financial and Advertising Industry Expertise to the Board Nexstar Media Group, Inc. (NASDAQ:NXST) today announced the appointment of Ellen Johnson to its Board of Directors effective October 1, 2024. Ms. Johnson will serve as an independent director and will stand for election at the 2025 annual meeting of stockholders. Following her appointment, Nexstar will have 10 Board members, 9 of whom are independent and three of whom are women. Ms. Johnson currently serves as Executive Vice President, Chief Financial Officer of Interpublic Group of Companies (NYSE:IPG), one of the world's leading providers of marketing and advertising solutions. In
Former Amazon Executive Will be Responsible for Accelerating Digital Advertising Sales and Revenue Growth Across Nexstar's Broadcast Group Nexstar Media Group, Inc. (NASDAQ:NXST) today announced the appointment of Lisa Taylor as Senior Vice President of Digital Advertising Sales, responsible for accelerating digital revenue growth across the company's broadcast group. An experienced sales leader with an extensive background in local broadcasting, digital sales, data-mining, strategic planning, and new business development, Ms. Taylor will report to Andrew Alford, President of Nexstar's broadcasting division, and begin her new duties on June 17. Across a 20+ year career in advertising sa
Nexstar Media Group, Inc. (NASDAQ:NXST), today announced the appointment of Stacey Lynn Schulman as Executive Vice President, Platform Marketing and Intelligence, effective immediately. In this newly created position, Ms. Schulman will be responsible for driving demand and developing unique creative opportunities for advertisers to connect with Nexstar's local and national audiences. Ms. Schulman will lead Nexstar Advertising's integrated marketing efforts and oversee the sales intelligence business unit. She will report to Michael Strober, Nexstar's Executive Vice President and Chief Revenue Officer, and be based in New York City. "We are thrilled to have Stacey join our leadership team
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Q1 Net Revenue Drives Net Income of $97 Million, Adjusted EBITDA of $381 Million, Net Cash Provided by Operating Activities of $337 Million and Adjusted Free Cash Flow of $348 Million Record First Quarter Distribution Revenue Quarterly Return of Capital to Shareholders of $132 Million Nexstar Media Group, Inc. (NASDAQ:NXST) ("Nexstar" or the "Company") today reported financial results for the first quarter ended March 31, 2025 as summarized below. Please visit Nexstar's website to view the full press release. STATEMENT FROM PERRY A. SOOK, FOUNDER, CHAIRMAN AND CEO "Nexstar delivered solid first quarter Net Revenue, Adjusted EBITDA, and Adjusted Free Cash Flow, driven by record first qu
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.86 per share of its common stock. The dividend is payable on Monday, June 2, 2025, to shareholders of record on Monday, May 19, 2025. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion. About Nexstar Media Group, Inc. Nexstar Media Group, Inc. (NASDAQ:NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that it will report its 2025 first quarter financial results on Thursday, May 8, 2025. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial +1 877-407-9208 or +1 201-493-6784, conference ID 13752833 (domestic and international callers). Participants can also listen to a live webcast of the call through the "Events and Presentations" section under "Investor Relations" on Nexstar's website at www.nexstar.tv. A webcast replay will be available for 90 days following the live event at www.nexstar.tv. Please call five minutes in a
Q4 Net Revenue Drives Net Income of $229 Million, Adjusted EBITDA of $628 Million, Net Cash Provided by Operating Activities of $411 Million and Adjusted Free Cash Flow of $411 Million Reduced Year-over-Year Losses at The CW by $7 Million in the Quarter and $126 Million for the Year Quarter and Full Year Return of Capital to Shareholders of $230 Million and $820 Million, Respectively, Reducing Shares Outstanding by 8.9% during 2024 Repaid $327 Million of Debt during 2024, Achieving Net Leverage of 2.91x for 2024 Provides 2025 Adjusted EBITDA Guidance in a Range of $1.5 Billion to $1.595 Billion Nexstar Media Group, Inc. (NASDAQ:NXST) ("Nexstar" or the "Company") today reported fin
Dividend Represents a 4.7% Annualized Yield Based on the Closing Stock Price on January 28, 2025 Increase Marks Twelfth Consecutive Annual Cash Dividend Increase Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that its Board of Directors approved a 10% increase to its quarterly cash dividend to $1.86 per share beginning with the dividend declared for the first quarter of 2025. The dividend is payable on Wednesday, February 26, 2025, to shareholders of record on Wednesday, February 12, 2025. Perry Sook, Nexstar Media Group's Founder, Chairman and Chief Executive Officer stated, "Nexstar's twelfth annual dividend increase highlights the significant free cash flow of our business
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that it will report its 2024 fourth quarter financial results on Thursday, February 27, 2025. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial +1 877-407-9208 or +1 201-493-6784, conference ID 13751217 (domestic and international callers). Participants can also listen to a live webcast of the call through the "Events and Presentations" section under "Investor Relations" on Nexstar's website at www.nexstar.tv. A webcast replay will be available for 90 days following the live event at www.nexstar.tv. Please call five min
Q3 Net Revenue Drives Net Income of $180 Million, Adjusted EBITDA(1) of $510 Million, Net Cash Provided by Operating Activities of $387 Million and Adjusted Free Cash Flow (1) of $327 Million All-Time High Third Quarter Distribution Revenue Reduced Year-over-Year Quarterly Losses at The CW by $36 Million Quarterly Return of Capital to Shareholders of $233 Million, Reducing Shares Outstanding by 3.1% Nexstar Media Group, Inc. (NASDAQ:NXST) ("Nexstar" or the "Company") today reported financial results for the third quarter ended September 30, 2024 as summarized below. Please visit Nexstar's website to view the full press release. STATEMENT FROM PERRY A. SOOK, FOUNDER, CHAIRMAN AND CEO
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.69 per share of its common stock. The dividend is payable on Friday, November 29, 2024, to shareholders of record on Friday, November 15, 2024. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion. About Nexstar Media Group, Inc. Nexstar Media Group, Inc. (NASDAQ:NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its tele
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that it will report its 2024 third quarter financial results on Thursday, November 7, 2024. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial +1 877-407-9208 or +1 201-493-6784, conference ID 13748486 (domestic and international callers). Participants can also listen to a live webcast of the call through the "Events and Presentations" section under "Investor Relations" on Nexstar's website at www.nexstar.tv. A webcast replay will be available for 90 days following the live event at www.nexstar.tv. Please call five minut
Q2 Net Revenue Drives Net Income of $106 Million, Adjusted EBITDA of $398 Million and Adjusted Free Cash Flow of $78 Million All-Time High Second Quarter Distribution Revenue Reduced Year-over-Year Quarterly Losses at The CW by $33 Million Quarterly Return of Capital to Shareholders of $190 Million, Reducing Shares Outstanding by 1.7% Nexstar Media Group, Inc. (NASDAQ:NXST) ("Nexstar" or the "Company") today reported financial results for the second quarter ended June 30, 2024 as summarized below. Please visit Nexstar's website to view the full press release. STATEMENT FROM PERRY A. SOOK, FOUNDER, CHAIRMAN AND CEO "Nexstar delivered another period of solid financial results, b