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 |
|---|---|---|---|
| 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 |
| 7/2/2021 | $170.00 → $185.00 | Buy | Deutsche Bank |
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
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, August 23, 2024, to shareholders of record on Friday, August 9, 2024. In addition, The Board of Directors also approved a new share repurchase program authorizing the Company to repurchase up to $1.5 billion of its common stock. The new share repurchase authorization is in addition to Nexstar's existing share repurchase program announced in July 2022, of which $496 million remained as of May 8, 2024. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all s
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that it will report its 2024 second quarter financial results on Thursday, August 8, 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 13747205 (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 minute
Q1 Net Revenue Drives Net Income of $167 Million, Adjusted EBITDA of $542 Million and Adjusted Free Cash Flow of $403 Million All-Time High Quarterly Distribution Revenue Reduced Year-over-Year Quarterly Losses at The CW by $50 Million Quarterly Return of Capital to Shareholders of $168 Million, Reducing Shares Outstanding by 1.7% Nexstar Media Group, Inc. (NASDAQ:NXST) ("Nexstar" or the "Company") today reported financial results for the first quarter ended March 31, 2024. Please visit Nexstar's website to view the full press release. STATEMENT FROM PERRY A. SOOK, FOUNDER, CHAIRMAN AND CEO "Nexstar is off to a strong start in 2024, delivering the highest first quarter net reven
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, May 24, 2024, to shareholders of record on Friday, May 10, 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 television an
Nexstar Media Group, Inc. (NASDAQ:NXST) announced today that it will report its 2024 first quarter financial results on Thursday, May 9, 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 13745345 (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
Programming Already Restored for Two Million Viewers, Including NFL Playoff Games and Local News Nexstar Media Group, Inc. (NASDAQ:NXST) and Altice USA (NYSE:ATUS) today announced that they have reached a comprehensive partnership agreement and all Nexstar programming has been restored to Altice USA's Optimum TV customers. Together, Nexstar and Optimum thank our customers and viewers for their patience as we partnered on the best deal for them. Specific terms of the agreement were not released. 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 ent
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
"On Balance" with Leland Vittert to Air at 9 pm ET; "Elizabeth Vargas Reports" Moves to 7 pm Elizabeth Vargas Reaches Agreement on Multi-Year Contract Renewal NewsNation today announced new additions to its primetime programming line-up, with On Balance hosted by anchor/reporter Leland Vittert taking over the 9 pm ET hour, and Elizabeth Vargas Reports, hosted by veteran journalist Elizabeth Vargas, moving to 7 pm ET. The new line-up is effective Monday, February 10. The network also announced that it has reached a new multi-year agreement with Ms. Vargas to continue hosting her weeknight program. "We're extremely happy to be bringing Leland and Elizabeth to our primetime line-up," sai
Outage Affects Two Million Local Viewers in 42 Markets Across the Country and Nexstar's National Cable News Network, NewsNation Today at 5 p.m. ET, Altice USA removed from its Optimum cable systems the network and local programming provided by Nexstar Media Group, Inc. (NASDAQ:NXST) on 63 local television stations in 42 markets across the country. Altice also removed Nexstar's national cable news network, NewsNation, from its cable system, with a new Congress taking office and the Presidential inauguration less than two weeks away. Altice has decided to deprive more than two million Americans of critical local news, the NFL Playoffs, live sports and other entertainment programming, as wel
Multi-Year Renewal Covers 33 Affiliated Nexstar-owned and Partner Television Stations Nexstar Media Group, Inc. (NASDAQ:NXST) and NBCUniversal have reached a comprehensive multi-year agreement to renew NBC Television Network affiliations in 33 markets across the country, including 29 stations owned by Nexstar, three owned by Mission Broadcasting, Inc., and one owned by White Knight Broadcasting, Inc. Together, the 33 stations reach more than 14 million U.S. television households. Financial terms were not disclosed. 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 n
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
NewsNation today announced that anchor and reporter Chris Cuomo has reached a multi-year agreement with the network to continue hosting his top-rated primetime program, CUOMO, weeknights at 8 p.m. ET. "Chris is a one-of-a-kind talent whose unrivaled analysis and commentary have helped grow the audience at NewsNation and strengthen our brand," said Sean Compton, President of Nexstar's Networks Division. "He believes strongly in NewsNation's mission of delivering ‘News for All Americans' and we are extremely pleased that he will remain a staple of the network's primetime lineup." Mr. Cuomo covers the day's most important news in politics and the media, delivering a variety of high-profile
Nexstar Media Group, Inc. (NASDAQ:NXST) today announced that executive management will participate in two institutional investor conferences in December. Among other topics, management will address its record financial results in 2024 to date, the impact of broadcast television political advertising on the outcome of the 2024 election, and the potential for ownership de-regulation under the new administration and how and why Nexstar could participate. BofA 2024 Leveraged Finance Conference Location: The Boca Raton – Boca Raton, FL Date: Tuesday, December 3, 2024 Participant: Lee Ann Gliha, EVP and CFO UBS Global Communications Conference Location: Eleven Madison – New York, NY Date:
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
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
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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
Deutsche Bank reiterated coverage of Nexstar Media Group with a rating of Buy and set a new price target of $185.00 from $170.00 previously
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
Broadcast Sales Leader with More Than a Decade of Experience Will Oversee WCIA-TV, WCIX-TV and WCIA.com Nexstar Media Group, Inc. (NASDAQ:NXST) today announced the appointment of Angie Salas as Vice President and General Manager of its broadcasting and digital operations serving Champaign and Springfield, Illinois (DMA #91), including WCIA-TV (CBS), WCIX-TV (My Network), WCIA.com, and their related digital and social media channels. Ms. Salas will begin her duties immediately and report to Traci Wilkinson, Senior Vice President and Regional Manager for Nexstar's broadcasting division. From 2012 to 2019, Ms. Salas served as Director of Sales for Nexstar's media businesses in Quad Cities,
Accomplished Media Executive with More Than Three Decades of Experience Will Lead KREX-TV, KGJT-TV, and WesternSlopeNow.com Nexstar Media Group, Inc. (NASDAQ:NXST), today announced the appointment of Bill Dallman as Vice President and General Manager of its broadcasting and digital operations serving Grand Junction and Montrose, CO (DMA #187), including KREX-TV (CBS), KGJT-TV (My Network), westernslopenow.com, and their related digital and social media channels. Mr. Dallman will also oversee the Company's operational agreements with Mission Broadcasting, Inc., to provide services to KFQX-TV (FOX) in Grand Junction. Mr. Dallman will report to Traci Wilkinson, Senior Vice President and Regi
The CW Network, LLC ("The CW" "The CW Network") today announced the appointment of Erin McIlvain as Senior Vice President of Affiliate Distribution and Marketing, responsible for managing the network's distribution and overseeing affiliate relations with its station group partners. Ms. McIlvain will begin her new duties immediately and report to Dana Zimmer, President and Chief Distribution and Strategy Officer for Nexstar Media Group, Inc. ("Nexstar")(NASDAQ:NXST), and Dennis Miller, President of The CW Network. Throughout her nearly 20-year career in the media business, Ms. McIlvain has held leadership positions in distribution, marketing and affiliate relations for some of the country'
Media Executive with 20+ Years of Broadcast Television Experience Will Oversee KTXL-TV and FOX40.com Nexstar Media Group, Inc. (NASDAQ:NXST), today announced the appointment of Cathy Gunther as Vice President and General Manager of its broadcasting and digital operations in Sacramento, CA (DMA #20), including KTXL-TV (FOX), FOX40.com, and their related digital and social media channels. Ms. Gunther will begin her duties immediately and report to Matthew Rosenfeld, Senior Vice President and Regional Manager for Nexstar's broadcasting division. Ms. Gunther brings more than twenty years of broadcast management, programming, research, and sales experience to her new role. Throughout her car
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