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 a diversified media company active in television broadcasting and digital news, and it generates a steady flow of corporate, programming, and regulatory news. As America’s largest local television broadcasting group, Nexstar frequently reports on developments affecting its more than 200 owned or partner stations in 116 U.S. markets, as well as its national properties such as The CW, NewsNation, Antenna TV and Rewind TV.
News about Nexstar often includes quarterly and annual financial results, with the company issuing earnings press releases and hosting conference calls and webcasts to discuss performance, cash flows, and non-GAAP metrics like Adjusted EBITDA and Adjusted Free Cash Flow. Investors also see regular announcements about dividends, capital allocation decisions, and financing activities, such as refinancings of credit facilities and term loans disclosed in Form 8-K filings.
Nexstar’s news flow also covers strategic transactions and regulatory milestones. A key recent theme is the company’s Agreement and Plan of Merger with TEGNA Inc., including updates on antitrust and Federal Communications Commission reviews and expectations around the transaction’s timing, all detailed in SEC filings and press releases.
From a content perspective, Nexstar issues updates on programming and partnerships, including expansions of sports coverage on The CW, content collaborations like the gaming-focused vodcast series with Xsolla on NewsNation, and programming decisions involving its network-affiliated stations. The company also highlights recognition for its journalism, such as awards for NewsNation and local stations.
This news page aggregates these types of updates so readers can follow Nexstar’s financial reporting, corporate actions, programming initiatives, and regulatory disclosures in one place. For investors, media observers, and viewers interested in the evolution of local and national television and digital news, the NXST news feed provides an organized view of the company’s ongoing developments.
Nexstar Media Inc. has appointed Joe Ruffolo as Senior Vice President and General Manager for The Hill and NewsNation Digital, effective March 6. This newly created role aims to oversee long-term strategy and daily operations as Nexstar realigns its digital news platforms, integrating The Hill into the Networks Division. The Hill will also launch a weekly news analysis program on NewsNation later this spring. Ruffolo's extensive media background includes roles in major organizations such as Disney and CNN.
NewsNation is recognized as the fastest-growing national cable news network in the U.S., reaching 70 million households.
Nexstar Media Group (NASDAQ: NXST) has announced a 50% increase in its quarterly cash dividend to $1.35 per share, starting with the first quarter of 2023. The dividend will be payable on February 24, 2023, to shareholders of record on February 10, 2023. This increase marks the tenth consecutive annual cash dividend increase and reflects the company's confidence in its ability to generate significant free cash flow. The company continues to prioritize returning capital to shareholders while also focusing on share repurchases and debt reduction.
Nexstar Media Group, Inc. (NASDAQ: NXST) announced it will release its 2022 fourth quarter and full year financial results on February 28, 2023. A conference call to discuss these results will be held at 10:00 a.m. ET on the same day. Interested parties can join by dialing +1 877-407-9208 for domestic calls or +1 201-493-6784 for international calls, using conference ID 13735877. A live webcast will also be available on the Nexstar website, with a replay accessible for 90 days post-event. Nexstar operates nearly 300,000 hours of original content annually and owns 200 broadcasting stations, reaching over 212 million viewers across the U.S.
Nexstar Media Group, Inc. (NASDAQ: NXST) will unveil a new investor presentation on January 31, 2023, at 10:00 a.m. ET. A conference call and webcast will accompany the presentation, accessible via the company's Investor Relations page. Participants can join by calling 1-877-407-9208 or 1-201-493-6784, using the conference ID 13735999. Nexstar operates a vast broadcasting network and digital assets, reaching 212 million people across 116 U.S. markets. The company offers premium advertising opportunities leveraging its engaging content.
The CW Network has secured a multi-year agreement as the exclusive U.S. broadcast partner for LIV Golf, beginning with the 2023 season. This partnership allows The CW to air 14 live events and stream them via The CW App, enhancing access for fans. The inaugural event is set for February 24-26 in Mexico. LIV Golf aims to modernize professional golf with innovative formats and a star-studded lineup, including players like Dustin Johnson and Phil Mickelson. The league is promoting a $405 million prize purse across its events, indicating substantial financial stakes and audience engagement.
Nexstar Media Group, Inc. (NASDAQ: NXST) has announced a new advertising sales structure to enhance its client-first approach, incorporating a data-driven, multi-platform sales strategy. The leadership team includes Chief Revenue Officer Michael Strober and experienced executives Todd Braverman, Brad Epperson, and Lori Tavoularis. The new structure will leverage Nexstar’s extensive media assets, including 200 stations reaching 212 million people, to drive ad sales performance. Braverman will head National Sales, Epperson will oversee Platform Operations & Technology, and Tavoularis will focus on developing next-gen advertising capabilities.
NewsNation has announced the launch of a new weekday news program, "Elizabeth Vargas Reports," set to debut on
KOAT-TV, KRQE, KWBQ, and KASY-TV have launched NextGen TV in the Albuquerque-Santa Fe market, utilizing ATSC 3.0 technology. This upgrade enhances viewership with improved video quality, better sound clarity, and advanced emergency alerts. The launch is a culmination of over a decade of development, coordinated by BitPath. Viewers can continue to access programming in both NextGen and existing DTV formats. NextGen TV is now available in over 50 cities nationwide, marking a significant leap in broadcast technology.
Nexstar Media Group (NASDAQ: NXST) announced details for the "Lone Star NYE: Countdown to 2023" program, airing on Dec. 31, 2022. Hosted by NBC 5’s Katy Blakey and KARK’s D.J. Williams, the event includes a live fireworks show from Reunion Tower. The program features Texas country singer Casey Donahew, celebrating his recent achievements. The broadcast will reach 24 markets across Texas and neighboring states, showcasing local talent and community traditions. This event exemplifies Nexstar’s commitment to local programming and viewer engagement.
WICS, WICD, WCIA, WRSP-TV, WCCU, WAND, WBUI, and WCIX have launched NextGen TV broadcasting technology in the Champaign & Springfield-Decatur market. This cutting-edge digital broadcast system enhances viewer experience with superior video and audio quality, including brighter colors and clearer dialogue. Powered by ATSC 3.0, it allows broadcasters to deliver advanced features and emergency alerts. The transition follows a decade of development and aims to elevate local broadcasting across the region, benefiting viewers with innovative content delivery.