Nexstar Media Group Inc Stock Price, News & Analysis

Nexstar Media Group (NASDAQ: NXST) held its 2025 Annual Shareholders' Meeting where shareholders approved all proposed items on the agenda. The key approvals included the election of all nominated Board of Directors members and the ratification of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for fiscal year 2025. Notably, shareholders strongly endorsed the executive compensation package for Named Executive Officers with approximately 95.5% support. The detailed voting results for each proposal are being filed with the SEC and will be available at www.sec.gov.

Salesforce (NYSE:CRM) has expanded its partnership with Nexstar Media Group (NASDAQ: NXST), the largest owner of local TV stations in the US. Nexstar will implement Salesforce Media Cloud to enhance local advertising sales operations and Agentforce to deploy AI agents for task automation. The collaboration aims to support Nexstar's digital transformation across its network of national broadcast, cable networks, and 200+ local television stations. The implementation includes CRM Analytics and Revenue Cloud, providing Nexstar's 1,600+ sales personnel with real-time campaign visibility and automated proposal creation. Agentforce for Media will streamline advertising sales processes through AI-powered automation, enabling sales teams to focus on relationship building and closing deals. The unified platform will eliminate siloed applications, providing sales teams with AI-powered insights for more efficient deal closure.

Nexstar Media Group (NASDAQ: NXST) has released a new investor presentation showcasing its industry leadership and growth prospects. The presentation highlights several key aspects including potential broadcast ownership reforms, Nexstar's position as the largest owner of local TV stations, The CW network, and NewsNation. It emphasizes broadcast TV's crucial role in live sports and political advertising, along with the undervaluation of broadcast stations by pay TV distributors. The document details growth milestones for The CW since its 2022 acquisition and NewsNation since 2021. Additionally, it discusses the ATSC 3.0 technology opportunity, which BIA Kelsey estimates could generate up to $15 billion in annual industry revenues by 2030.

Nexstar Media Group (NASDAQ: NXST) has achieved significant recognition with 52 regional Edward R. Murrow Awards across 28 of its television stations. Notable winners include WKRG-TV in Mobile and KGET-TV in Bakersfield, both honored for "Overall Excellence." KGET-TV secured awards in seven categories, while WJZY-TV/Queen City News in Charlotte won six regional Murrows. KXAN-TV in Austin was recognized in five categories. The awards span various categories including Breaking News Coverage, Excellence in Innovation, Digital Content, and Diversity initiatives. These regional winners will automatically advance to consideration for National Edward R. Murrow Awards, with results to be announced in August.

DLT Entertainment has secured new distribution deals with The CW and TCLtv+ for its '80s Sitcom Flashback FAST Channel. The channel, which launched in May 2024, features classic sitcoms including "Three's Company," "Three's A Crowd," "The Ropers," "Too Close For Comfort," and "Check It Out!" The expansion nearly doubles the channel's distribution platforms since launch.

The CW, which is 75% owned by Nexstar Media Group (NXST), reaches 100% of US television households through its app with over 100 million downloads. TCLtv+ is TCL Electronics' ad-supported streaming service offering entertainment content in North America. Amagi will continue managing the channel's distribution, while 47 Samurai and Amagi will handle advertising sales solutions.

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Nexstar Media Group (NXST) reported Q1 2025 financial results with net revenue of $1.23 billion, down 3.9% year-over-year. The company achieved record first quarter distribution revenue of $762 million, while advertising revenue declined 10.2% to $460 million. Net income decreased 41.9% to $97 million, with Adjusted EBITDA of $381 million. Key highlights include a 10% increase in quarterly dividend to $1.86 per share, significant viewership improvements for The CW sports programming, and the acquisition of WBNX-TV in Cleveland. The company maintained strong capital allocation, returning $132 million to shareholders through dividends and share repurchases. Total debt stood at $6.5 billion with a first lien net leverage ratio of 1.67x.

Nexstar Media Group (NASDAQ: NXST) has announced a quarterly cash dividend of $1.86 per share of common stock. The dividend will be paid on June 2, 2025, to shareholders of record as of May 19, 2025. The company has expressed its intention to continue paying regular quarterly dividends, though future payments will be subject to quarterly review and Board approval.

Nexstar Media Group (NASDAQ: NXST) has announced its executive management's participation in two upcoming investor conferences. At the JPMorgan Technology, Media and Communications Conference in Boston on May 14, 2025, Chairman and CEO Perry A. Sook and EVP/CFO Lee Ann Gliha will host a fireside chat at 10:40 a.m. ET. Subsequently, at the Gabelli 2025 Media & Entertainment Symposium in New York on June 5, 2025, President/COO Michael Biard and EVP/CFO Lee Ann Gliha will present at 10:45 a.m. ET. Both presentations will be available via live webcast and replay on Nexstar's website.

Lifelines of Hope, an hour-long television special airing on May 1st, 2025 at 9:00pm, showcases remarkable acts of bravery and community spirit. The program, hosted by Dean Cain, Laura McKenzie, Elizabeth Stanton, and Montel Williams, features inspiring stories of everyday heroes and celebrity involvement.

The special highlights various heroic acts, including:

• A food delivery driver rescuing four children from a burning house
• A passerby jumping off a bridge to save a drowning infant
• A neighbor protecting a six-year-old from a wild dog
• A fireman saving a woman from raging flames in Malibu

Celebrity participants include Samuel L. Jackson, Jennifer Garner, Billie Eilish, Dolly Parton, and others sharing their experiences in supporting communities during crises. The program also features Toys for Tots' efforts in helping families affected by California wildfires and Hurricane Helene.