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Nexstar Media Group Inc - NXST STOCK NEWS

Welcome to our dedicated news page for Nexstar Media Group (Ticker: NXST), a resource for investors and traders seeking the latest updates and insights on Nexstar Media Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nexstar Media Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nexstar Media Group's position in the market.

News
Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share
Rhea-AI Summary
Nexstar Media Group, Inc. (NASDAQ: NXST) has declared a quarterly cash dividend of $1.69 per share of its common stock. The dividend will be payable on May 24, 2024, to shareholders of record on May 10, 2024. The Company plans to continue paying regular quarterly cash dividends, subject to review and discretion by the Board of Directors.
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Nexstar Media Group to Participate in Upcoming Investor Conferences
Rhea-AI Summary
Nexstar Media Group, Inc. (NASDAQ: NXST) will participate in two institutional investor conferences in May: MoffettNathanson Technology, Media & Telecom Conference on May 14, 2024, in New York, and JPMorgan 52nd Annual Global Technology, Media and Communications Conference on May 20, 2024, in Boston. Perry A. Sook, Chairman and CEO, will be the speaker at both events. The webcasts and replays will be available on Nexstar's website. Contact sales representatives to register for the conferences and request meetings with Nexstar management.
Rhea-AI Impact
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End-of-Day
-0.11%
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Nexstar Media Group to Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 9
Rhea-AI Summary
Nexstar Media Group, Inc. (NXST) will report its 2024 first quarter financial results on May 9, 2024. A conference call and webcast will be held to review the results. Interested parties can access the call and webcast through the company's website. Webcast replay will be available for 90 days.
Rhea-AI Impact
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End-of-Day
1.87%
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conferences earnings
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Nexstar Media Releases Statement on FCC Ruling Regarding Its Relationship With WPIX-TV
Rhea-AI Summary
Nexstar Media Group, Inc. (NXST) Chairman and CEO Perry Sook issues a statement, highlighting the company's strong financial performance and strategic initiatives.
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End-of-Day
-1.64%
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Nexstar Media Group Reports Fourth Quarter Net Revenue of $1.3 Billion
Rhea-AI Summary
Nexstar Media Group, Inc. reported strong financial results for Q4 and 2023, with net revenue of $1.3 billion, operating income of $230 million, net income of $100 million, and adjusted EBITDA of $411 million. The company reduced shares outstanding by 8.7% in 2023 and issued 2024 adjusted EBITDA guidance of $2.085 billion to $2.195 billion. Nexstar renewed distribution agreements, extended affiliation agreements, and secured broadcast rights for key programming. The company's debt stood at $6.84 billion at the end of 2023, with a first lien net leverage ratio of 2.25x. Full-year 2024 guidance for adjusted EBITDA is in the range of $2.085 billion to $2.195 billion.
Rhea-AI Impact
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1.48%
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Nexstar Media Names Chris Pruitt as Vice President and General Manager of Its Springfield, Missouri Broadcast and Digital Operations
Rhea-AI Summary
Nexstar Media Group, Inc. appoints Chris Pruitt as Vice President and General Manager of its Springfield, Missouri broadcast and digital operations. Pruitt brings nearly 30 years of experience to the role, overseeing KRBK-TV, KOZL-TV, and Ozarksfirst.com.
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Nexstar Media Group to Participate in Upcoming Investor Conferences
Rhea-AI Summary
Nexstar Media Group, Inc. (NASDAQ: NXST) executives will participate in two investor conferences in March: Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024, and Deutsche Bank 32nd Annual Media, Internet & Telecom Conference on March 12, 2024. The webcasts will be available on Nexstar's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.34%
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Nexstar Media Appoints Stacey Lynn Schulman as Executive Vice President, Platform Marketing and Intelligence
Rhea-AI Summary
Nexstar Media Group, Inc. appoints Stacey Lynn Schulman as Executive Vice President, Platform Marketing and Intelligence. Ms. Schulman will drive demand, develop creative opportunities for advertisers, and enhance sales intelligence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.38%
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Nexstar Media Names Angie Salas as Vice President and General Manager of Its Broadcast and Digital Operations in Champaign, IL
Rhea-AI Summary
Nexstar Media Group appoints Angie Salas as Vice President and General Manager of Champaign and Springfield operations. Salas brings over a decade of experience in driving revenue growth, market share, and team development. Her strategic leadership and data-driven approach have proven successful in previous roles, making her an ideal fit for this new position.
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-2.74%
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Nexstar Media Group Board Adopts Policy Regarding the Roles of Chairperson of the Board of Directors and Chief Executive Officer
Rhea-AI Summary
Nexstar Media Group, Inc. (NXST) announced a new policy regarding the roles of Chairperson of the Board of Directors and Chief Executive Officer. The policy states that these roles cannot be held by the same individual. The policy will take effect after the current CEO, Perry Sook, leaves the company and the board. Sook's current employment agreement runs through March 31, 2026, and he is the company’s third largest shareholder, with holdings of approximately 4.6% of its outstanding shares. The Board believes this policy is in the best interests of the Company and its shareholders, as it does not interfere with Sook’s leadership while establishing a plan for future leadership. Sook founded Nexstar in 1996 and has been CEO since then, spearheading the Company’s transformative growth. Nexstar is a leading diversified media company and America’s largest local broadcasting group, with revenue for the twelve months ended September 30, 2023, of over $5 billion.
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Rhea-AI Sentiment
End-of-Day
0.79%
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management
Stock NXST logo
Nexstar Media Group Inc

Nasdaq:NXST

NXST Rankings

#1157 Ranked by Market Cap
#3381 Ranked by Stock Gains
#789 Ranked by Dividends

NXST Stock Data

5.34B
31.46M
5.59%
99.16%
7.22%
Television Broadcasting
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Link
US
Irving

About NXST

nexstar media group is the largest tv station operator in the country. with the reach of 171 full power television stations in 100 markets addressing nearly 38.9% of us television households, and a diversified, growing digital media operation, nexstar media group offers superior audience engagement across all media devices and local broadcast television’s unrivalled influence on consumers’ purchasing and political decisions. in 20 years, nexstar has grown from a single station to the nation’s largest television company. this growth is fueled by an organization-wide commitment to delivering exceptional service to our communities and outstanding results for our advertisers. from the very beginning, nexstar has cultivated an organization-wide commitment to providing superior, unique local content that is relevant to each of the communities it serves, while offering local businesses, advertisers and brands the ability to engage and connect with local communities.