Nexstar Media Group Inc Stock Price, News & Analysis

Nexstar Media Group announces the launch of NEXTGEN TV, a state-of-the-art digital broadcast technology, in the Honolulu market. This upgrade includes prominent stations such as KITV, KGMB, and KHON-TV, enhancing viewer experience with improved video quality and advanced emergency alerts. Powered by ATSC 3.0, NEXTGEN TV features vibrant visuals and immersive sound. The initiative follows a decade of development, aiming to revolutionize local broadcasting. Consumers are advised to look for the NEXTGEN TV logo for compatibility.

The CW Network has appointed Brad Schwartz as President of CW Entertainment, effective November 7, 2022. Schwartz will manage programming strategy, creative development, and daily operations. He previously led the successful rebranding of the TV Guide Network to Pop TV, where he achieved significant audience growth and multiple Emmy wins for Schitt’s Creek. Schwartz has over 20 years of experience in media leadership, including roles at Fuse and in Canadian networks. He aims to further develop The CW's brand under the ownership of Nexstar Media Group.

The CW Network announced the appointment of Beth Feldman as Senior Vice President of Network Communication, effective immediately. She succeeds Paul Hewitt, who departs after 22 years. Feldman brings nearly three decades of experience in media campaigns, previously working at CBS and Beyond PR Group. In her new role, she will oversee internal and external communications and promotional strategies. Feldman will also maintain her position at Nexstar Media as Executive Director of Communication for the Networks Division. Hewitt expressed gratitude for his long tenure.

Nexstar Media Group has appointed Rebekah Dopp as Executive Vice President of Distribution, Strategy, and Affiliate Relations for The CW Network. With an extensive background in linear and digital media, including her role at Google, Ms. Dopp will oversee distribution and affiliate relations, reporting to Dana Zimmer and Dennis Miller. This leadership change is anticipated to enhance programming discussions and strengthen partnerships moving forward. Ms. Dopp holds a Bachelor of Business Administration from The College of William & Mary.

Nexstar Media Group (NASDAQ: NXST) and Verizon (NYSE: VZ) have signed a multi-year distribution agreement reinstating 13 local television stations and NewsNation to Verizon FiOS in 10 markets. This agreement restores access to over three million Verizon subscribers, ensuring they can view key programming, including Major League Baseball’s World Series and college and NFL games. The stations had been unavailable since October 14, enhancing viewer access to local news, sports, and entertainment.

Nexstar Media Group, Inc. (NASDAQ: NXST) has declared a quarterly cash dividend of $0.90 per share, payable on November 28, 2022, to shareholders of record on November 14, 2022. The company intends to continue regular cash dividends, which will be reviewed quarterly by its Board of Directors. Nexstar is a prominent media company, operating nearly 300,000 hours of original content annually and owning approximately 200 local broadcasting stations, reaching over 212 million individuals across the U.S.

The television stations in the Wichita-Hutchinson market, including KAKE, KWCH-DT, KSAS-TV, KSNW, KPTS, KSCW-DT, and KMTW, have launched broadcasting with NEXTGEN TV, employing advanced digital broadcast technology. This upgrade aims to enhance viewer experience with improved video quality and sound, and it supports features like advanced emergency alerts. The rollout follows a decade of development, and viewers can receive programming in both NEXTGEN and existing DTV formats. Currently, NEXTGEN TV is operational in over 50 cities across the U.S.

Nexstar Media Group announced that nearly three million subscribers of Verizon FiOS have lost access to programming from 13 local television stations due to a failure to reach a new distribution agreement. The blackout affects markets including New York City and Philadelphia, resulting in lost access to crucial local news and sports programming, including college and NFL football.

Nexstar had been negotiating in good faith, offering fair market rates but failed to reach a resolution. Subscribers are encouraged to contact Verizon for refunds.

Nexstar Media Inc. has announced its extensive political coverage for the mid-term election season, hosting nearly 50 local and statewide candidate debates across key states like Ohio, Georgia, Pennsylvania, Texas, and Illinois. This initiative aims to engage millions of voters by providing a platform for candidates to present their positions. Reach extends to 212 million people through 200 owned stations, with live coverage also available on NewsNation, which serves 70 million homes. Nexstar emphasizes its role in fostering civic engagement and delivering unbiased news.