Nexstar Media Group Inc Stock Price, News & Analysis

Nexstar Media Group (Nasdaq: NXST) has finalized a multi-year distribution agreement with DISH Network, restoring access to its 164 local television stations and WGN America for over 5 million subscribers. The deal also includes the launch of WGN America on Sling TV in early 2021. This agreement follows more than 250 distribution deals completed in recent months, securing long-term visibility for retransmission and carriage fees covering 90% of Nexstar's footprint through 2022. Nexstar's services had been unavailable on DISH since December 2, causing inconvenience for viewers.

Nexstar Media Group (NASDAQ: NXST) has announced the launch of NEXTGEN TV, powered by ATSC 3.0, at its Denver local TV stations, KDVR-TV and KWGN-TV. This rollout marks Denver as the second top-20 market and the twelfth market overall to adopt this advanced digital broadcast technology in 2021. NEXTGEN TV promises enhanced viewing features, including better video quality, immersive audio, and mobile broadcasting. Nexstar plans to expand this technology to 32 more stations across 20 additional markets, ultimately reaching approximately 33% of U.S. households served by Nexstar.

NBC 5 Dallas-Fort Worth and Nexstar announce the broadcast of 'Lone Star NYE 2021' on December 31, 2020, from 11:30 p.m. to 12:30 a.m. CST. The program features performances by the Eli Young Band and Ryan Berg, along with Dallas' Reunion Tower fireworks. The live event will air across North Texas and additional markets in Oklahoma, Louisiana, Arkansas, Kansas, and Missouri. This year's broadcast includes a ten-minute fireworks show and aims to unite audiences in celebration amidst a challenging year. The special is sponsored by North Texas Hyundai Dealers and will stream on NBCDFW.com.

Nexstar Media Group, Inc. (Nasdaq: NXST) has announced a multi-year agreement with Hulu, allowing WGN America to reach approximately 4 million new Hulu + Live TV subscribers starting January 19, 2021. This marks Nexstar's third agreement with a streaming service this month, also restoring its ABC-affiliated television stations to Hulu + Live TV. Currently, WGN America is available in about 75 million U.S. households and is known for airing NewsNation, the only live nationwide newscast in prime time.

Nexstar Inc., a subsidiary of Nexstar Media Group (Nasdaq: NXST), announced the acquisition of BestReviews from Tribune Publishing for $160 million. This deal is poised to enhance Nexstar's digital content portfolio and revenue streams. BestReviews, known for its independent product recommendations, attracts 9 million monthly visitors and has impacted over 300 million consumer purchases. The transaction, expected by year-end 2020, aligns with Nexstar's strategy of leveraging its media properties to increase reach and advertising revenues.

Nexstar Media Group (NASDAQ: NXST) announced a multi-year agreement for its cable network, WGN America, to be available on fuboTV starting mid-January. This marks Nexstar’s second partnership with a streaming service this month. The financial terms remain undisclosed. The agreement allows WGN America to extend its reach, especially for its flagship program, NewsNation, a nationwide newscast airing nightly. Sean Compton, President of the Networks Division, emphasized the importance of this expansion for reaching more viewers seeking unbiased news.

Nexstar Media Group (NASDAQ: NXST) has faced a programming blackout as DISH Network removed 164 local television stations and WGN America from its system. This action followed failed negotiations for a new distribution agreement, resulting in millions losing access to vital local news and programming. Nexstar claims DISH's proposed rates are below fair market value. Despite ongoing negotiations since July, Nexstar reports its efforts to reach an agreement have been unsuccessful, and it urges DISH subscribers to seek refunds for lost programming.

Nexstar Media Group (Nasdaq: NXST) has announced a multi-year agreement for its cable network, WGN America, to be available on YouTube TV starting January 19, 2021. This partnership expands WGN America's reach by adding over 3 million new subscribers to its current 75 million households. Sean Compton, President of the Networks Division, expressed optimism about further expanding WGN America's audience, including coverage of major events like the Presidential inauguration.

Nexstar Media Group (Nasdaq: NXST) risks losing network programming for DISH Network subscribers in 115 markets after DISH failed to finalize a new distribution agreement. Millions may lose access to local news and entertainment starting December 2, 2020. Despite Nexstar's $11 billion revenue in 2020, DISH proposed lower rates undermining fair market value. Nexstar has successfully negotiated with nearly 200 partners recently, contrasting DISH’s pattern of local blackouts. If unresolved, subscribers will miss significant programming, including local news and major sports events.