Nexstar Media Group Inc Stock Price, News & Analysis

Nexstar Digital, a subsidiary of Nexstar Media Group (NXST), has announced a new exclusive partnership with Teads to utilize their inRead advertising technology. This collaboration grants Nexstar Digital access to premium advertising formats across its 125 websites and 239 mobile apps, including NewsNation and The Hill. The partnership aims to enhance video and display ad monetization by integrating high-quality, unobtrusive ads into editorial content, thereby increasing user engagement and creating a diversified revenue stream for Nexstar Digital.

Unfortunately, the press release has been deleted by the news provider, leaving no available content to summarize.

Nexstar Media Inc. has announced the promotion of Melissa Jones to Vice President and General Manager of WDTN-TV in Dayton, Ohio, effective July 20. With nearly 15 years of experience in local broadcast management and sales, Jones previously served as Director of Sales for WTEN-TV and WXXA-TV in Albany, New York. Her leadership has led to significant revenue growth and community engagement initiatives. Jones aims to leverage WDTN-TV's strengths to meet viewer and advertiser needs in Dayton.

Nexstar Media Group (NASDAQ: NXST) announced it will report its 2022 second quarter financial results on August 4, 2022, at 10:00 a.m. ET. A conference call and webcast will be held for the announcement, accessible via phone and online. Interested parties can dial +1 646-828-8073, conference ID 5103351 for access. Nexstar is a leading diversified media company, owning 200 stations across 116 markets, reaching 212 million people, and producing 283,000 hours of original content annually.

KTBS-TV, KSLA, KMSS-TV, KTAL-TV, KPXJ, and KSHV-TV have launched NextGen TV broadcasting in Shreveport, leveraging ATSC 3.0 technology. This advancement offers enhanced features including improved emergency alerts, stunning visuals, and superior audio quality for viewers. Alongside local programming, the stations will maintain existing DTV formats. The rollout reflects over a decade of development and aims to enhance viewer experience, with services already operational in 50 cities nationwide.

Nexstar Media Group, Inc. (NASDAQ: NXST) has successfully closed a new five-year term loan A facility worth $2,425 million and a revolving credit facility of $550 million. Additionally, Mission Broadcasting, Inc. has secured a new revolving credit facility totaling $75 million. The refinancing aims to repay existing debt, enhance revolving credit commitments, reduce overall interest expenses, and extend debt maturities. This strategic move positions Nexstar favorably for future financial stability.

Nexstar Media Group (NASDAQ: NXST) and altafiber have signed a multi-year distribution agreement for WDTN-TV in Dayton, Ohio, and NewsNation. The deal enhances NewsNation's reach, adding subscribers in the Cincinnati and Dayton markets, increasing its national footprint to approximately 75 million households. Financial terms were not disclosed. Nexstar operates a leading broadcasting group, reaching 212 million people with its extensive media portfolio, including digital assets like The Hill and BestReviews.

NewsNation, a cable network owned by Nexstar Media Inc., will launch a new one-hour morning news program called “Early Morning” on June 27 at 6 a.m. ET. Hosted by Mitch Carr, the program will enhance NewsNation's live news offerings to 86 hours weekly, more than double its initial programming since its launch in September 2020. James Holm will act as executive producer. This expansion reflects NewsNation's strategy to establish itself as a comprehensive 24/7 news network catering to a diverse audience.

Nexstar Media Group (NASDAQ: NXST) announced that during its 2022 Annual Shareholders' Meeting, shareholders approved all proposals put forth by the Board of Directors. Key among these was the elimination of Class B and Class C Common Stock, with only Class A shares remaining outstanding, totaling approximately 40.4 million shares as of April 25, 2022. Around 92% of outstanding shares were represented at the meeting. Detailed voting results will be submitted to the SEC.