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 unveiled its seven-night primetime schedule for 2024-2025, featuring a mix of game shows, dramas, sports, and movies. Highlights include 'Trivial Pursuit' and 'Scrabble' on Mondays, WWE NXT on Tuesdays, and returning series like 'Sullivan’s Crossing' on Wednesdays. Thursdays will feature the final season of 'Superman & Lois' and the new drama 'The Librarians: The Next Chapter.' Fridays bring back 'Whose Line Is It Anyway?' and 'Inside the NFL.' Saturdays will focus on CW Sports with NASCAR Xfinity Series and college football, while Sundays are reserved for movie nights. Midseason additions include 'Good Cop/Bad Cop' and 'Sherlock & Daughter.' CW Sports will include more live events than before, including WWE NXT, Pac-12 football, and NASCAR Xfinity Series. The network aims to deliver 500 hours of sports content in 2025.
The CW Network will nationally broadcast 11 Pac-12 football games featuring Oregon State and Washington State during the 2024 season. This includes a doubleheader on August 31, 2024. The broadcasts, produced by Pac-12 Enterprises, promise coast-to-coast coverage of these home games. The CW's sports lineup also includes ACC football, LIV Golf, and NASCAR Xfinity Series. Last season, The CW's college football broadcasts reached over 1 million viewers. The network aims to deliver over 500 hours of premium sports content in 2025. Key stakeholders emphasize the partnership's benefits, including national exposure and improved scheduling for student-athletes and fans.
Nexstar Media Group, Inc. reported record first-quarter net revenue of $1.28 billion, driving net income to $167 million, adjusted EBITDA to $542 million, and adjusted free cash flow to $403 million. Additionally, the company reduced quarterly losses at The CW by $50 million and returned $168 million to shareholders, reducing shares outstanding by 1.7%. The company remains confident in delivering strong financial results, especially with anticipated record political spending in the upcoming presidential election cycle.
Nexstar Media Group, Inc. (NASDAQ: NXST) announced that its TV stations in Chicago, Norfolk, and Lafayette will become affiliates of The CW Network on September 1, 2024. The move expands Nexstar's reach to 42 CW stations, covering over 36% of US TV Households. The stations will air primetime entertainment, live sports, and special events, providing new advertising opportunities.
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