Welcome to our dedicated page for Nexstar Media Group news (Ticker: NXST), a resource for investors and traders seeking the latest updates and insights on Nexstar Media Group stock.
Nexstar Media Group, Inc. (NASDAQ: NXST) is a diversified media company active in television broadcasting and digital news, and it generates a steady flow of corporate, programming, and regulatory news. As America’s largest local television broadcasting group, Nexstar frequently reports on developments affecting its more than 200 owned or partner stations in 116 U.S. markets, as well as its national properties such as The CW, NewsNation, Antenna TV and Rewind TV.
News about Nexstar often includes quarterly and annual financial results, with the company issuing earnings press releases and hosting conference calls and webcasts to discuss performance, cash flows, and non-GAAP metrics like Adjusted EBITDA and Adjusted Free Cash Flow. Investors also see regular announcements about dividends, capital allocation decisions, and financing activities, such as refinancings of credit facilities and term loans disclosed in Form 8-K filings.
Nexstar’s news flow also covers strategic transactions and regulatory milestones. A key recent theme is the company’s Agreement and Plan of Merger with TEGNA Inc., including updates on antitrust and Federal Communications Commission reviews and expectations around the transaction’s timing, all detailed in SEC filings and press releases.
From a content perspective, Nexstar issues updates on programming and partnerships, including expansions of sports coverage on The CW, content collaborations like the gaming-focused vodcast series with Xsolla on NewsNation, and programming decisions involving its network-affiliated stations. The company also highlights recognition for its journalism, such as awards for NewsNation and local stations.
This news page aggregates these types of updates so readers can follow Nexstar’s financial reporting, corporate actions, programming initiatives, and regulatory disclosures in one place. For investors, media observers, and viewers interested in the evolution of local and national television and digital news, the NXST news feed provides an organized view of the company’s ongoing developments.
Nexstar Media Group, Inc. has appointed Jonathan Killian as Vice President of Creative Marketing and Brand Communications for WGN America, effective January 25. Previously at CNN International, Killian is set to spearhead a comprehensive brand marketing strategy for WGN America and oversee its promotions and marketing departments. His extensive experience includes leading major projects at CNNI and a strong background in media strategy. Nexstar aims to enhance its brand presence and journalism with Killian's expertise.
Nexstar Media Group (NXST) announced a multi-year agreement for WGN America to be available on Vidgo starting January 15, 2021. This partnership expands WGN America's reach by 8.5 million subscribers through five recent agreements with streaming services. Vidgo, launched in December 2019, has seen significant subscriber growth, allowing WGN America to enhance its audience for shows like NewsNation. President Sean Compton emphasized the strategic expansion of the network's reach.
COLUMBUS, Ohio, Jan. 7, 2021 /PRNewswire/ -- Four leading local TV stations in Columbus, WSYX, WCMH-TV, WWHO, and WTTE, launched NEXTGEN TV, an advanced digital broadcast technology. This upgrade facilitates features like 4K video, immersive audio, personalized tools, and advanced emergency alerts. Powered by ATSC 3.0, it aims to integrate with 5G and broadband services. The launch, coordinated by BitPath, ensures ongoing accessibility for all viewers. Rescan instructions for antenna users can be found at fcc.gov/rescan.
Nexstar Media Group (NASDAQ: NXST) will report its 2020 fourth quarter financial results on February 23, 2021, before the market opens. A conference call will be held at 9:00 a.m. ET the same day to discuss these results. Participants can join the call by dialing 323-794-2597 with conference ID 3115135 or access a live webcast on Nexstar's investor relations website. The company operates 198 television stations, providing services to 39% of U.S. television households, and has a significant digital presence with 122 local websites.
Nexstar Media Group announced that veteran journalist Ashleigh Banfield will host a new hour-long news and talk show titled “Banfield” on WGN America, debuting March 1 at 10 p.m. ET. The show aims to provide balanced reporting and feature interviews with newsmakers and celebrities. Additionally, WGN America will expand its programming and reach 8.5 million more households through new distribution agreements. This expansion aligns with Nexstar's strategy to enhance its news offerings and reach a broader audience.
Nexstar Media Group, Inc. (Nasdaq: NXST) has renewed NBC Television Network affiliations in 33 markets, comprising 29 Nexstar and 4 partner-owned stations. President Tom Carter highlighted the significance of NBC's quality programming, which includes popular shows and live sports, enhancing local news offerings. NBC's President of Affiliate Relations, Philip Martzolf, expressed satisfaction with the ongoing partnership. Nexstar operates 198 TV stations, reaching around 39% of U.S. TV households, and its multi-platform approach supports both local and national advertising.
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.