Nexstar Media Group Inc Stock Price, News & Analysis

Nexstar Media Group, Inc. (NASDAQ: NXST) has appointed Lloyd Bucher as Vice President and General Manager for its broadcast and digital operations in Charlotte, North Carolina, effective September 29. Bucher, who has over 25 years of experience, previously managed WPTV-TV in West Palm Beach, Florida, achieving significant ratings and revenue growth. Under his leadership, WJZY-TV and WMYT-TV are expected to enhance local content and advertising solutions, focusing on community engagement.

Nexstar Media Group, Inc. (NASDAQ: NXST) has announced the promotion of Fran McRae to Vice President and General Manager overseeing its Memphis and Jackson, Tennessee operations, including WREG-TV and WJKT-TV. With nearly 20 years of experience, McRae previously led KLFY-TV and is recognized for driving revenue growth and innovative marketing strategies. Her appointment follows the retirement of Ron Walter. McRae aims to enhance local news and foster advertiser relationships while maintaining the legacy of serving Memphis and Jackson communities.

Nexstar Media Group (NASDAQ: NXST) will announce its third quarter financial results for 2021 before market opening on November 2, 2021. A conference call to discuss the results is scheduled for 9:00 a.m. ET on the same day. Interested participants can join via phone or access a live webcast on Nexstar's website. With 199 television stations reaching 39% of U.S. households, Nexstar continues to leverage its diversified media portfolio, which includes broadcasting, digital platforms, and a stake in the TV Food Network.

Nexstar Media Group has partnered with SportsGrid Inc. to launch the SportsGrid Network, the first 24-hour sports wagering and fantasy sports channel, starting September 1. This service will be available in nine major U.S. markets, including San Francisco and Washington, D.C., enhancing Nexstar's digital subchannel offerings. The network promises 18 hours of exclusive live programming, featuring sports news, data, and analytics. The collaboration aims to tap into the growing interest in sports betting and engage audiences across multiple platforms.

Kansas City’s leading television stations, including KMBC-TV, KCTV, and KSHB-TV, have launched NEXTGEN TV, a groundbreaking digital broadcast technology based on ATSC 3.0. This upgrade offers enhanced features like improved emergency alerts, superior video quality, and better audio clarity. The launch follows extensive planning and development and marks a significant step for local broadcasters. The technology will enable viewers to enjoy live events and real-time content more effectively. The service is already operational in over 30 cities nationwide.

Nexstar Media Inc. has appointed Stephen Eaton as Vice President and General Manager for its Billings, Montana operations, which includes KSVI-TV (ABC) and related digital platforms. Eaton brings over 25 years of broadcast management experience, having previously served as General Sales Manager at KTVQ-TV (CBS), where he achieved over 20% growth in new business revenue. His leadership is expected to enhance revenue opportunities and strengthen community engagement. Eaton will report to Traci Wilkinson, Senior Vice President and Regional Manager, and will manage operations immediately.

Nexstar Media has acquired The Hill, a leading political digital media platform, enhancing its digital offerings. Founded in 1994, The Hill boasts 48 million average monthly users and 914 million video views on Twitter. This acquisition complements Nexstar's record growth, with 91 million monthly users and 7.8 billion pageviews in 2020. Combining forces will allow Nexstar to expand The Hill's reach and revenue, leveraging its existing national cable news network, NewsNation, and local news platforms.

Nexstar Media Inc. has acquired The Hill for $130 million, aiming to enhance its digital media presence. The Hill is a leading independent political digital platform with 48 million monthly users and 2.2 billion pageviews in 2020. This acquisition adheres to Nexstar's content-first strategy and is expected to be accretive to its operating results. The deal complements Nexstar's current digital platform, further expanding its reach and monetization opportunities in the political news sector.

Nexstar Media Inc. received two national Edward R. Murrow Awards for excellence in journalism. KDVR-TV in Denver was honored for 'Excellence in Continuing Coverage' for its investigation into ketamine use by paramedics, prompting legislative changes in Colorado. KSNW-TV in Kansas earned the 'Excellence in Hard News' award for its story on Julie Dombo, a shooting survivor who became an amputee advocate. Nexstar’s local news operations also secured 47 regional awards this year, reflecting their commitment to quality community journalism.