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.
The CW Network has appointed Michael Perman as Senior Vice President of Sports, reporting to President Brad Schwartz. In this newly created position, Perman will oversee all strategy, programming, and media rights for CW Sports. He brings over 20 years of experience from major sports media brands, including roles at Aggregate Sports, NBC Sports Group, and the NBA.
The network currently manages nearly 400 hours of annual sports content, including NASCAR, WWE, ACC, Pac12, Grand Slam Track, and Inside The NFL. Perman's previous experience includes overseeing acquisitions and programming for properties such as NASCAR, NHL, IndyCar, and Tour de France at NBC Sports, as well as managing relationships with UFC, boxing, and college sports at Comcast.
Nexstar Media Group (NASDAQ: NXST) has appointed Ric Harris as Vice President and General Manager of its broadcast and digital operations in Chicago (DMA #3). Harris will oversee WGN-TV (CW), WGN-TV+, wgntv.com, and related mobile and social media channels, succeeding Paul Rennie who retired last year.
Harris brings over 25 years of leadership experience in broadcast management, content development, advertising, marketing, and sales. He joins Nexstar after serving nearly ten years as President and General Manager of WCAU-TV, Telemundo62, and NBC Sports Philadelphia. Previously, he was President and General Manager of WVIT-TV in Hartford, Connecticut (2013-2015).
Throughout his career, Harris has demonstrated success in growing ratings, revenue, and profitability. He will report to Brandin Stewart, Senior Vice President and Regional Manager for Nexstar's broadcasting division.
Nexstar Media Group (NXST) has announced a 10% increase in its quarterly cash dividend to $1.86 per share, marking its twelfth consecutive annual dividend increase. The dividend represents a 4.7% annualized yield based on the January 28, 2025 closing stock price. The dividend will be payable on February 26, 2025, to shareholders of record as of February 12, 2025.
CEO Perry Sook highlighted that this increase reflects the company's strong free cash flow and commitment to shareholder returns. The company's strategy includes opportunistic share repurchases, debt reduction, and potential growth through M&A activities to enhance shareholder value. While regular quarterly dividends are planned for the foreseeable future, they remain subject to Board review and approval.
Nexstar Media Group (NASDAQ: NXST) and Altice USA (NYSE: ATUS) have announced a comprehensive partnership agreement, resulting in the immediate restoration of all Nexstar programming to Optimum TV customers. The service restoration affects approximately two million viewers, who will now have access to NFL playoff games and local news content. While the companies expressed gratitude to their customers for their patience during the negotiation process, the specific terms of the agreement were not disclosed.
Nexstar Media Group (NASDAQ: NXST) has announced it will release its 2024 fourth quarter financial results on Thursday, February 27, 2025. The company will host a conference call and webcast at 10:00 a.m. ET to discuss the results.
Interested participants can join via phone using the numbers +1 877-407-9208 (domestic) or +1 201-493-6784 (international) with conference ID 13751217. A live webcast will be available through Nexstar's website, with a replay accessible for 90 days following the event.
NewsNation has announced changes to its primetime programming lineup, effective February 10. 'On Balance' with Leland Vittert will move to 9 pm ET, while 'Elizabeth Vargas Reports' will shift to 7 pm ET. The network has also secured a multi-year contract renewal with Elizabeth Vargas.
Since its debut, 'On Balance' has shown significant growth, with a 270% increase in total viewers and over 500% growth among adults 25-54. Similarly, 'Elizabeth Vargas Reports', launched in Spring 2023, has experienced a 20% increase in total viewership since its premiere.
Both hosts have played important roles in NewsNation's coverage of major events, including the Ukraine war, Middle East conflicts, Israel-Hamas war, and the 2024 Presidential campaign. Together with Chris Cuomo, they co-anchored the network's 2024 election night coverage, where NewsNation became the first television network to project the presidential race winner.
Nexstar Media Group (NASDAQ: NXST) reported that Altice USA has removed 63 Nexstar television stations from its Optimum cable systems across 42 markets, affecting over two million viewers. The removal, effective at 5 p.m. ET, includes Nexstar's national cable news network, NewsNation.
The disruption impacts viewers' access to critical local news, NFL Playoffs, live sports, entertainment programming, and essential weather alerts. Despite Nexstar's attempts to negotiate since October, Altice has reportedly demanded special terms that Nexstar considers unreasonable and out of alignment with market standards.
According to Michael Biard, Nexstar's President and COO, this follows Altice's recent pattern, noting their previous removal of MSG Network. Biard acknowledged Altice's financial challenges with debt but criticized their approach of charging Optimum subscribers more while reducing services.
Nexstar Media Group (NASDAQ: NXST) and NBCUniversal have announced a multi-year renewal agreement to continue NBC Television Network affiliations in 33 markets across the U.S.
This renewal covers 29 stations owned by Nexstar, three owned by Mission Broadcasting, and one owned by White Knight Broadcasting. Collectively, these 33 stations reach over 14 million U.S. television households. Financial terms of the agreement were not disclosed.
EdgeBeam Wireless, a new joint venture formed by four major broadcasting groups (E.W. Scripps, Gray Media, Nexstar Media Group, and Sinclair), aims to provide nationwide wireless data services using ATSC 3.0 technology. The venture will leverage existing broadcast infrastructure to deliver data services across multiple industries.
The company targets three main markets with significant revenue potential: automotive connectivity ($3.7B/year), content delivery networks ($3.65B/year), and enhanced GPS ($220M/year). EdgeBeam will deliver data to any civilian or military device with an ATSC 3.0 receiver, including vehicles, drones, marine vessels, and mobile devices.
The partnership creates a nationwide spectrum footprint that individual broadcasters couldn't achieve alone, with plans to partner with additional broadcasters for expanded coverage. The service could also provide a backup to existing GPS capabilities, helping secure the U.S. economy.
NewsNation has announced a multi-year contract renewal with Chris Cuomo to continue hosting his primetime program 'CUOMO' weeknights at 8 p.m. ET. The show, which features news analysis, high-profile interviews, and viewer interaction through the 'Have Your Say with Chris' segment, has seen significant growth since its 2022 launch, with a 54% increase in total viewers and 28% growth among adults 25-54.
Throughout his career, Cuomo has conducted interviews with notable figures including Ukrainian President Volodymyr Zelensky, former President Barack Obama, and entrepreneur Mark Cuban. He has covered major events, hosting town halls on various topics and reporting from the frontlines in Israel and Ukraine.