Nexstar Media Group Key Executives
This section highlights Nexstar Media Group's key executives, including their titles and compensation details.
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Nexstar Media Group Earnings
This section highlights Nexstar Media Group's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-27 | $9.22 | $7.56 |
| Read Transcript | Q3 | 2024 | 2024-11-07 | $5.41 | $5.27 |
| Read Transcript | Q2 | 2024 | 2024-08-08 | $4.17 | $3.54 |
| Read Transcript | Q1 | 2024 | 2024-05-09 | $3.97 | $5.16 |
| Read Transcript | Q4 | 2023 | 2024-02-28 | $4.15 | $3.32 |
| Read Transcript | Q3 | 2023 | 2023-11-08 | $1.23 | $0.70 |
| Read Transcript | Q2 | 2023 | 2023-08-08 | $2.35 | $2.64 |
| Read Transcript | Q1 | 2023 | 2023-05-09 | $2.67 | $2.97 |
Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.
$176.45
Stock Price
$5.38B
Market Cap
13.01K
Employees
Irving, TX
Location
Financial Statements
Access annual & quarterly financial statements for Nexstar Media Group, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $5.41B | $4.93B | $5.21B | $4.65B | $4.50B |
| Cost of Revenue | $- | $2.12B | $2.00B | $1.85B | $1.71B |
| Gross Profit | $5.41B | $2.81B | $3.21B | $2.80B | $2.79B |
| Gross Profit Ratio | 100.00% | 56.90% | 61.53% | 60.20% | 62.05% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $861.32M | $741.49M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $1.09B | $1.10B | $903.50M | $861.32M | $741.49M |
| Other Expenses | $3.05B | $1.00B | $860.50M | $764.37M | $747.85M |
| Operating Expenses | $4.14B | $2.10B | $1.76B | $1.63B | $1.49B |
| Cost and Expenses | $4.14B | $4.22B | $3.77B | $3.48B | $3.20B |
| Interest Income | $- | $- | $336.60M | $4.13M | $335.30M |
| Interest Expense | $444.00M | $447.00M | $336.60M | $282.65M | $335.30M |
| Depreciation and Amortization | $808.00M | $941.00M | $662.10M | $588.54M | $564.89M |
| EBITDA | $2.22B | $1.79B | $2.22B | $1.96B | $2.00B |
| EBITDA Ratio | 41.11% | 36.27% | 44.00% | 42.71% | 45.35% |
| Operating Income | $1.27B | $708.00M | $1.31B | $1.18B | $1.38B |
| Operating Income Ratio | 23.45% | 14.35% | 25.18% | 25.29% | 30.56% |
| Total Other Income Expenses Net | $-309.00M | $-307.00M | $-94.90M | $-81.69M | $-270.83M |
| Income Before Tax | $959.00M | $401.00M | $1.22B | $1.09B | $1.10B |
| Income Before Tax Ratio | 17.74% | 8.13% | 23.36% | 23.52% | 24.54% |
| Income Tax Expense | $276.00M | $131.00M | $273.60M | $262.88M | $296.51M |
| Net Income | $722.00M | $346.00M | $971.00M | $834.00M | $811.50M |
| Net Income Ratio | 13.35% | 7.01% | 18.63% | 17.94% | 18.03% |
| EPS | $22.35 | $9.80 | $24.68 | $19.81 | $18.06 |
| EPS Diluted | $22.01 | $9.66 | $24.16 | $18.98 | $17.37 |
| Weighted Average Shares Outstanding | 32.31M | 35.32M | 39.35M | 42.13M | 44.92M |
| Weighted Average Shares Outstanding Diluted | 32.80M | 35.83M | 40.19M | 43.98M | 46.72M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.49B | $1.37B | $1.27B | $1.28B | $1.30B | $1.13B | $1.24B | $1.26B | $1.49B | $1.27B | $1.25B | $1.21B | $1.25B | $1.16B | $1.13B | $1.11B | $1.38B | $1.12B | $914.63M | $1.09B |
| Cost of Revenue | $-1.00M | $563.00M | $760.00M | $738.00M | $750.00M | $537.00M | $537.00M | $538.00M | $502.10M | $511.10M | $501.60M | $490.00M | $465.31M | $476.78M | $459.63M | $447.78M | $431.67M | $420.93M | $413.74M | $441.78M |
| Gross Profit | $1.49B | $803.00M | $509.00M | $546.00M | $554.00M | $595.00M | $703.00M | $719.00M | $984.60M | $758.00M | $743.50M | $720.10M | $780.53M | $680.23M | $671.96M | $666.15M | $944.94M | $697.27M | $500.89M | $650.04M |
| Gross Profit Ratio | 100.07% | 58.80% | 40.10% | 42.50% | 42.50% | 52.60% | 56.70% | 57.20% | 66.20% | 59.70% | 59.70% | 59.50% | 62.70% | 58.80% | 59.40% | 59.80% | 68.64% | 62.36% | 54.76% | 59.54% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $272.00M | $262.00M | $264.00M | $272.00M | $272.00M | $252.00M | $257.00M | $514.40M | $249.00M | $216.30M | $201.40M | $241.85M | $214.64M | $203.26M | $201.57M | $223.56M | $189.01M | $160.74M | $168.19M |
| Selling and Marketing Expenses | $- | $- | $7.00M | $7.00M | $43.00M | $-43.00M | $-39.00M | $-39.00M | $-236.90M | $-40.70M | $- | $- | $-5.31M | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $222.00M | $272.00M | $269.00M | $271.00M | $289.00M | $229.00M | $213.00M | $218.00M | $277.50M | $208.30M | $216.30M | $201.40M | $241.85M | $214.64M | $203.26M | $201.57M | $223.56M | $189.01M | $160.74M | $168.19M |
| Other Expenses | $850.00M | $196.00M | $-1.00M | $1.00M | $2.81B | $9.00M | $10.00M | $297.00M | $280.20M | $194.40M | $194.40M | $189.30M | $30.44M | $22.83M | $24.33M | $22.65M | $19.47M | $22.54M | $35.93M | $24.38M |
| Operating Expenses | $1.07B | $468.00M | $269.00M | $271.00M | $289.00M | $501.00M | $524.00M | $515.00M | $557.70M | $402.70M | $410.70M | $390.70M | $437.59M | $408.44M | $390.57M | $389.08M | $420.77M | $366.55M | $337.16M | $364.86M |
| Cost and Expenses | $1.07B | $1.03B | $1.03B | $1.01B | $1.04B | $1.04B | $1.06B | $1.05B | $1.06B | $913.80M | $912.30M | $880.70M | $902.90M | $885.22M | $850.20M | $836.87M | $852.44M | $787.48M | $750.90M | $806.64M |
| Interest Income | $- | $- | $- | $- | $- | $- | $111.00M | $107.00M | $103.40M | $88.60M | $- | $- | $4.13M | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $104.00M | $113.00M | $113.00M | $114.00M | $115.00M | $113.00M | $111.00M | $107.00M | $103.40M | $88.60M | $75.40M | $69.20M | $70.09M | $70.38M | $70.13M | $72.05M | $74.50M | $77.27M | $82.25M | $101.28M |
| Depreciation and Amortization | $220.00M | $190.00M | $208.00M | $190.00M | $210.00M | $220.00M | $262.00M | $249.00M | $231.00M | $142.40M | $144.10M | $144.60M | $152.17M | $146.97M | $145.37M | $144.04M | $142.82M | $137.84M | $141.02M | $143.20M |
| EBITDA | $661.00M | $547.00M | $470.00M | $532.00M | $472.00M | $347.00M | $483.00M | $486.00M | $580.10M | $600.40M | $517.60M | $517.70M | $551.13M | $452.36M | $486.01M | $475.01M | $709.82M | $469.60M | $358.82M | $466.52M |
| EBITDA Ratio | 44.45% | 40.04% | 35.30% | 36.21% | 36.43% | 30.65% | 38.95% | 38.66% | 47.86% | 43.05% | 41.57% | 42.78% | 45.95% | 39.96% | 42.26% | 42.51% | 51.96% | 45.34% | 38.49% | 42.77% |
| Operating Income | $416.00M | $335.00M | $240.00M | $275.00M | $265.00M | $94.00M | $179.00M | $204.00M | $480.50M | $355.30M | $333.40M | $329.40M | $324.77M | $277.38M | $288.33M | $284.92M | $530.53M | $343.60M | $196.25M | $305.01M |
| Operating Income Ratio | 27.98% | 24.52% | 18.91% | 21.42% | 20.32% | 8.30% | 14.44% | 16.23% | 32.32% | 28.00% | 26.78% | 27.22% | 26.07% | 23.97% | 25.48% | 25.58% | 38.54% | 30.73% | 21.46% | 27.94% |
| Total Other Income Expenses Net | $-79.00M | $-91.00M | $-91.00M | $-47.00M | $-84.00M | $-80.00M | $-69.00M | $-74.00M | $-48.30M | $14.10M | $-35.90M | $-25.50M | $4.10M | $-42.39M | $-17.78M | $-26.00M | $-38.04M | $-89.11M | $-60.71M | $-82.98M |
| Income Before Tax | $337.00M | $244.00M | $149.00M | $228.00M | $147.00M | $14.00M | $110.00M | $130.00M | $245.70M | $369.40M | $298.10M | $303.90M | $328.87M | $235.01M | $270.52M | $258.92M | $492.49M | $254.49M | $135.55M | $222.04M |
| Income Before Tax Ratio | 22.66% | 17.86% | 11.74% | 17.76% | 11.27% | 1.24% | 8.87% | 10.34% | 16.53% | 29.11% | 23.94% | 25.11% | 26.40% | 20.31% | 23.91% | 23.24% | 35.78% | 22.76% | 14.82% | 20.34% |
| Income Tax Expense | $107.00M | $64.00M | $43.00M | $61.00M | $47.00M | $6.00M | $35.00M | $42.00M | $67.60M | $81.90M | $71.60M | $52.50M | $66.54M | $65.85M | $70.76M | $59.73M | $129.58M | $65.18M | $37.41M | $64.34M |
| Net Income | $241.00M | $187.00M | $118.00M | $175.00M | $114.00M | $25.00M | $96.00M | $88.00M | $203.30M | $289.00M | $227.00M | $252.00M | $263.99M | $169.60M | $200.10M | $200.90M | $364.25M | $190.68M | $99.59M | $156.91M |
| Net Income Ratio | 16.21% | 13.69% | 9.30% | 13.63% | 8.74% | 2.21% | 7.74% | 7.00% | 13.67% | 22.77% | 18.23% | 20.82% | 21.19% | 14.66% | 17.68% | 18.04% | 26.46% | 17.05% | 10.89% | 14.37% |
| EPS | $7.78 | $5.84 | $3.60 | $5.23 | $3.40 | $0.72 | $2.68 | $2.40 | $5.42 | $7.45 | $5.65 | $6.15 | $6.44 | $4.07 | $4.70 | $4.64 | $8.32 | $4.24 | $2.20 | $3.43 |
| EPS Diluted | $7.66 | $5.76 | $3.54 | $5.14 | $3.36 | $0.71 | $2.64 | $2.35 | $5.31 | $7.31 | $5.55 | $6.00 | $6.19 | $3.90 | $4.51 | $4.42 | $7.97 | $4.08 | $2.13 | $3.30 |
| Weighted Average Shares Outstanding | 30.98M | 32.02M | 32.82M | 33.45M | 33.87M | 34.93M | 35.79M | 36.72M | 37.52M | 38.77M | 40.20M | 40.95M | 40.99M | 41.68M | 42.60M | 43.30M | 43.76M | 44.98M | 45.27M | 45.70M |
| Weighted Average Shares Outstanding Diluted | 31.45M | 32.44M | 33.29M | 34.02M | 34.24M | 35.37M | 36.31M | 37.45M | 38.32M | 39.56M | 40.90M | 42.00M | 42.68M | 43.48M | 44.40M | 45.40M | 45.70M | 46.74M | 46.85M | 47.62M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $144.00M | $147.00M | $204.10M | $190.87M | $152.70M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $144.00M | $147.00M | $204.10M | $190.87M | $152.70M |
| Net Receivables | $1.03B | $1.09B | $1.08B | $1.02B | $904.80M |
| Inventory | $- | $- | $15.60M | $1 | $1 |
| Other Current Assets | $125.00M | $224.00M | $315.40M | $200.80M | $152.48M |
| Total Current Assets | $1.30B | $1.47B | $1.61B | $1.41B | $1.21B |
| Property Plant Equipment Net | $1.21B | $1.56B | $1.26B | $1.51B | $1.60B |
| Goodwill | $2.92B | $2.95B | $2.96B | $3.05B | $2.98B |
| Intangible Assets | $353.00M | $5.05B | $5.34B | $5.63B | $5.85B |
| Goodwill and Intangible Assets | $3.27B | $8.00B | $8.31B | $8.68B | $8.83B |
| Long Term Investments | $877.00M | $958.00M | $1.12B | $1.22B | $1.33B |
| Tax Assets | $- | $- | $199.40M | $156.47M | $- |
| Other Non-Current Assets | $4.81B | $96.00M | $178.30M | $284.97M | $422.72M |
| Total Non-Current Assets | $10.17B | $10.61B | $11.06B | $11.85B | $12.19B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $11.47B | $12.08B | $12.68B | $13.26B | $13.40B |
| Account Payables | $133.00M | $235.00M | $197.70M | $248.18M | $218.42M |
| Short Term Debt | $124.00M | $171.00M | $223.90M | $132.81M | $57.28M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $392.82M | $412.75M |
| Other Current Liabilities | $526.00M | $555.00M | $471.60M | $406.30M | $455.19M |
| Total Current Liabilities | $783.00M | $961.00M | $893.20M | $787.29M | $730.89M |
| Long Term Debt | $6.40B | $6.96B | $6.83B | $7.37B | $7.65B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $1.49B | $1.52B | $1.61B | $1.73B | $1.67B |
| Other Non-Current Liabilities | $531.00M | $325.00M | $583.60M | $523.28M | $815.93M |
| Total Non-Current Liabilities | $8.42B | $8.80B | $9.02B | $9.62B | $10.14B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $9.20B | $9.77B | $9.91B | $10.41B | $10.87B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $500.00K | $473.00K | $473.00K |
| Retained Earnings | $3.67B | $3.19B | $3.03B | $2.20B | $1.49B |
| Accumulated Other Comprehensive Income Loss | $-1.00M | $1.00M | $26.90M | $141.65M | $34.51M |
| Other Total Stockholders Equity | $-1.41B | $-890.00M | $-319.50M | $504.06M | $995.38M |
| Total Stockholders Equity | $2.26B | $2.30B | $2.74B | $2.85B | $2.52B |
| Total Equity | $2.28B | $2.31B | $2.77B | $2.86B | $2.54B |
| Total Liabilities and Stockholders Equity | $11.47B | $12.08B | $12.68B | $13.26B | $13.40B |
| Minority Interest | $26.00M | $14.00M | $28.30M | $7.09M | $18.48M |
| Total Liabilities and Total Equity | $11.47B | $12.08B | $12.68B | $13.26B | $13.40B |
| Total Investments | $877.00M | $958.00M | $1.12B | $1.22B | $1.33B |
| Total Debt | $6.52B | $7.13B | $7.00B | $7.46B | $7.67B |
| Net Debt | $6.38B | $6.98B | $6.80B | $7.27B | $7.52B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $144.00M | $181.00M | $146.00M | $237.00M | $147.00M | $150.00M | $346.00M | $413.00M | $204.10M | $346.60M | $276.40M | $326.20M | $190.87M | $193.83M | $313.27M | $339.78M | $152.70M | $409.91M | $664.62M | $434.07M |
| Short Term Investments | $1.11B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.25B | $181.00M | $146.00M | $237.00M | $147.00M | $150.00M | $346.00M | $413.00M | $204.10M | $346.60M | $276.40M | $326.20M | $190.87M | $193.83M | $313.27M | $339.78M | $152.70M | $409.91M | $664.62M | $434.07M |
| Net Receivables | $68.00M | $1.02B | $1.05B | $1.05B | $1.09B | $891.00M | $944.00M | $1.01B | $1.08B | $986.90M | $951.20M | $1.02B | $1.02B | $923.00M | $895.45M | $920.05M | $904.80M | $782.20M | $762.93M | $888.74M |
| Inventory | $- | $- | $-159.00M | $- | $- | $14.00M | $14.00M | $14.00M | $15.60M | $178.00M | $1 | $1 | $1 | $- | $1 | $1 | $1 | $- | $- | $124.31M |
| Other Current Assets | $- | $224.00M | $278.00M | $206.00M | $224.00M | $285.00M | $269.00M | $263.00M | $452.00M | $332.80M | $227.40M | $139.10M | $200.80M | $194.71M | $184.37M | $116.29M | $152.48M | $149.11M | $115.23M | $191.49M |
| Total Current Assets | $1.30B | $1.42B | $1.47B | $1.49B | $1.47B | $1.34B | $1.57B | $1.70B | $1.61B | $1.67B | $1.46B | $1.48B | $1.41B | $1.31B | $1.39B | $1.38B | $1.21B | $1.34B | $1.54B | $1.51B |
| Property Plant Equipment Net | $1.21B | $1.23B | $1.54B | $1.56B | $1.56B | $1.28B | $1.27B | $1.26B | $1.26B | $1.49B | $1.49B | $1.50B | $1.51B | $1.59B | $1.59B | $1.60B | $1.60B | $1.60B | $1.58B | $1.55B |
| Goodwill | $2.92B | $2.95B | $2.95B | $2.95B | $2.95B | $2.96B | $2.96B | $2.96B | $2.96B | $3.05B | $3.05B | $3.05B | $3.05B | $3.05B | $2.98B | $2.98B | $2.98B | $2.86B | $2.88B | $2.88B |
| Intangible Assets | $4.78B | $371.00M | $4.91B | $4.98B | $5.05B | $5.14B | $5.20B | $5.27B | $5.34B | $5.42B | $5.48B | $5.55B | $5.63B | $5.70B | $5.71B | $5.78B | $5.85B | $5.81B | $5.80B | $5.87B |
| Goodwill and Intangible Assets | $7.70B | $3.32B | $7.86B | $7.93B | $8.00B | $8.11B | $8.16B | $8.23B | $8.31B | $8.47B | $8.53B | $8.60B | $8.68B | $8.75B | $8.69B | $8.76B | $8.83B | $8.67B | $8.68B | $8.75B |
| Long Term Investments | $877.00M | $869.00M | $856.00M | $859.00M | $958.00M | $946.00M | $927.00M | $919.00M | $1.12B | $1.09B | $1.06B | $1.06B | $1.22B | $1.19B | $1.19B | $1.19B | $1.33B | $1.31B | $1.31B | $1.32B |
| Tax Assets | $- | $- | $4.52B | $4.56B | $185.00M | $- | $- | $- | $199.40M | $- | $- | $- | $156.47M | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $389.00M | $4.85B | $-4.42B | $-4.46B | $96.00M | $376.00M | $385.00M | $359.00M | $178.30M | $379.70M | $374.30M | $441.00M | $284.97M | $443.83M | $421.96M | $426.24M | $422.72M | $364.58M | $426.67M | $443.68M |
| Total Non-Current Assets | $10.17B | $10.27B | $10.35B | $10.45B | $10.80B | $10.71B | $10.74B | $10.77B | $11.06B | $11.43B | $11.46B | $11.61B | $11.85B | $11.97B | $11.89B | $11.97B | $12.19B | $11.95B | $12.00B | $12.06B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $11.47B | $11.69B | $11.82B | $11.95B | $12.26B | $12.05B | $12.31B | $12.46B | $12.68B | $13.10B | $12.92B | $13.09B | $13.26B | $13.28B | $13.29B | $13.35B | $13.40B | $13.29B | $13.54B | $13.58B |
| Account Payables | $133.00M | $132.00M | $133.00M | $115.00M | $235.00M | $142.00M | $127.00M | $207.00M | $197.70M | $166.10M | $170.90M | $220.70M | $248.18M | $186.63M | $140.68M | $217.87M | $218.42M | $161.08M | $176.39M | $138.95M |
| Short Term Debt | $124.00M | $165.00M | $208.00M | $167.00M | $218.00M | $220.00M | $222.00M | $224.00M | $174.00M | $217.30M | $211.30M | $142.70M | $90.00M | $84.31M | $73.30M | $61.65M | $57.28M | $58.36M | $96.31M | $91.28M |
| Tax Payables | $52.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $83.01M | $53.34M |
| Deferred Revenue | $- | $- | $-397.00M | $- | $- | $464.00M | $458.00M | $- | $- | $70.20M | $- | $- | $392.82M | $389.42M | $394.34M | $415.57M | $412.75M | $47.50M | $523.11M | $587.15M |
| Other Current Liabilities | $474.00M | $549.00M | $487.00M | $549.00M | $508.00M | $490.00M | $487.00M | $433.00M | $521.50M | $461.50M | $363.40M | $370.10M | $449.11M | $440.08M | $424.98M | $450.15M | $455.19M | $404.80M | $466.62M | $632.42M |
| Total Current Liabilities | $783.00M | $846.00M | $828.00M | $831.00M | $961.00M | $852.00M | $836.00M | $864.00M | $893.20M | $915.10M | $745.60M | $733.50M | $787.29M | $711.02M | $638.97M | $729.66M | $730.89M | $671.74M | $822.33M | $916.00M |
| Long Term Debt | $6.40B | $6.58B | $6.91B | $6.95B | $6.96B | $6.74B | $6.77B | $6.80B | $7.12B | $7.05B | $7.11B | $7.21B | $7.65B | $7.51B | $7.85B | $7.82B | $7.65B | $7.86B | $8.17B | $8.19B |
| Deferred Revenue Non-Current | $- | $- | $256.00M | $261.00M | $246.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $1.49B | $1.49B | $1.51B | $1.51B | $1.71B | $1.57B | $1.59B | $1.59B | $1.61B | $1.71B | $1.71B | $1.72B | $1.73B | $1.70B | $1.68B | $1.67B | $1.67B | $1.69B | $1.70B | $1.70B |
| Other Non-Current Liabilities | $531.00M | $536.00M | $292.00M | $52.00M | $1.84B | $538.00M | $554.00M | $555.00M | $1.90B | $467.00M | $476.30M | $510.10M | $1.97B | $737.43M | $493.90M | $534.53M | $815.93M | $818.19M | $647.68M | $659.25M |
| Total Non-Current Liabilities | $8.42B | $8.61B | $8.71B | $8.77B | $8.99B | $8.85B | $8.91B | $8.95B | $9.02B | $9.23B | $9.30B | $9.44B | $9.62B | $9.94B | $10.02B | $10.03B | $10.14B | $10.36B | $10.52B | $10.54B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $9.20B | $9.45B | $9.54B | $9.60B | $9.95B | $9.70B | $9.75B | $9.81B | $9.91B | $10.15B | $10.05B | $10.17B | $10.41B | $10.65B | $10.66B | $10.76B | $10.87B | $11.04B | $11.34B | $11.46B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $150.00K |
| Common Stock | $- | $- | $- | $- | $- | $- | $- | $- | $500.00K | $500.00K | $500.00K | $500.00K | $473.00K | $473.00K | $473.00K | $473.00K | $473.00K | $473.00K | $473.00K | $473.00K |
| Retained Earnings | $- | $3.48B | $3.37B | $3.31B | $3.19B | $3.12B | $3.14B | $3.09B | $3.03B | $2.86B | $2.61B | $2.42B | $2.20B | $1.96B | $1.82B | $1.66B | $1.49B | $1.15B | $984.32M | $910.06M |
| Accumulated Other Comprehensive Income Loss | $- | $1.00M | $1.00M | $1.00M | $1.00M | $27.00M | $27.00M | $27.00M | $26.90M | $141.30M | $141.30M | $141.30M | $141.65M | $34.51M | $34.51M | $34.51M | $34.51M | $19.85M | $19.85M | $19.85M |
| Other Total Stockholders Equity | $219.00M | $-1.27B | $-1.10B | $-986.00M | $-890.00M | $-815.00M | $-626.00M | $-497.00M | $-319.50M | $-79.40M | $118.00M | $355.20M | $504.06M | $619.74M | $751.48M | $880.65M | $995.38M | $1.06B | $1.18B | $1.16B |
| Total Stockholders Equity | $219.00M | $2.22B | $2.27B | $2.32B | $2.30B | $2.33B | $2.54B | $2.62B | $2.74B | $2.93B | $2.87B | $2.92B | $2.85B | $2.62B | $2.61B | $2.57B | $2.52B | $2.23B | $2.18B | $2.09B |
| Total Equity | $238.00M | $2.26B | $2.28B | $2.35B | $2.31B | $2.35B | $2.56B | $2.65B | $2.77B | $2.95B | $2.87B | $2.92B | $2.86B | $2.63B | $2.63B | $2.59B | $2.54B | $2.25B | $2.20B | $2.12B |
| Total Liabilities and Stockholders Equity | $11.47B | $11.69B | $11.82B | $11.95B | $12.26B | $12.05B | $12.31B | $12.46B | $12.68B | $13.10B | $12.92B | $13.09B | $13.26B | $13.28B | $13.29B | $13.35B | $13.40B | $13.29B | $13.54B | $13.58B |
| Minority Interest | $19.00M | $37.00M | $13.00M | $25.00M | $14.00M | $14.00M | $20.00M | $29.00M | $28.30M | $22.30M | $-600.00K | $6.00M | $7.09M | $14.68M | $15.09M | $16.81M | $18.48M | $20.09M | $21.46M | $22.91M |
| Total Liabilities and Total Equity | $11.47B | $11.69B | $11.82B | $11.95B | $12.26B | $12.05B | $12.31B | $12.46B | $12.68B | $13.10B | $12.92B | $13.09B | $13.26B | $13.28B | $13.29B | $13.35B | $13.40B | $13.29B | $13.54B | $13.58B |
| Total Investments | $877.00M | $869.00M | $856.00M | $859.00M | $958.00M | $946.00M | $927.00M | $919.00M | $1.12B | $1.09B | $1.06B | $1.06B | $1.22B | $1.19B | $1.19B | $1.19B | $1.33B | $1.31B | $1.31B | $1.32B |
| Total Debt | $6.52B | $6.74B | $7.08B | $7.11B | $7.13B | $6.91B | $6.94B | $6.97B | $7.00B | $7.22B | $7.28B | $7.30B | $7.46B | $7.59B | $7.62B | $7.59B | $7.67B | $7.92B | $8.04B | $8.05B |
| Net Debt | $6.38B | $6.56B | $6.93B | $6.88B | $6.98B | $6.76B | $6.60B | $6.56B | $6.80B | $6.88B | $7.00B | $6.98B | $7.27B | $7.40B | $7.31B | $7.25B | $7.52B | $7.51B | $7.37B | $7.61B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $683.00M | $346.00M | $943.50M | $830.44M | $808.06M |
| Depreciation and Amortization | $808.00M | $941.00M | $662.10M | $588.54M | $564.89M |
| Deferred Income Tax | $-33.00M | $-77.00M | $-102.60M | $5.17M | $-43.64M |
| Stock Based Compensation | $78.00M | $60.00M | $62.00M | $47.00M | $48.30M |
| Change in Working Capital | $-51.00M | $-59.00M | $-113.50M | $-223.48M | $-112.16M |
| Accounts Receivables | $68.00M | $-13.00M | $-11.60M | $-118.60M | $-16.05M |
| Inventory | $- | $- | $- | $- | $-90.06M |
| Accounts Payables | $-98.00M | $32.00M | $-49.70M | $27.71M | $53.67M |
| Other Working Capital | $-21.00M | $-78.00M | $-52.20M | $-132.60M | $-59.71M |
| Other Non Cash Items | $-235.00M | $-212.00M | $-48.10M | $-32.53M | $-11.26M |
| Net Cash Provided by Operating Activities | $1.25B | $999.00M | $1.40B | $1.21B | $1.25B |
| Investments in Property Plant and Equipment | $-145.00M | $-149.00M | $-157.30M | $-150.76M | $-217.04M |
| Acquisitions Net | $- | $-38.00M | $28.90M | $-135.86M | $-23.58M |
| Purchases of Investments | $- | $- | $- | $- | $-7.00M |
| Sales Maturities of Investments | $- | $- | $- | $- | $2.64M |
| Other Investing Activities | $43.00M | $14.00M | $253.60M | $54.52M | $205.22M |
| Net Cash Used for Investing Activities | $-102.00M | $-173.00M | $125.20M | $-232.10M | $-39.75M |
| Debt Repayment | $-327.00M | $-125.00M | $-480.00M | $-269.00M | $-857.20M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-601.00M | $-605.00M | $-881.00M | $-537.00M | $-281.90M |
| Dividends Paid | $-219.00M | $-191.00M | $-142.20M | $-118.21M | $-101.04M |
| Other Financing Activities | $-4.00M | $22.00M | $-11.80M | $-21.35M | $-53.65M |
| Net Cash Used Provided by Financing Activities | $-1.15B | $-899.00M | $-1.51B | $-945.56M | $-1.29B |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-3.00M | $-73.00M | $13.20M | $37.19M | $-79.37M |
| Cash at End of Period | $144.00M | $147.00M | $219.70M | $206.49M | $169.31M |
| Cash at Beginning of Period | $147.00M | $220.00M | $206.50M | $169.31M | $248.68M |
| Operating Cash Flow | $1.25B | $999.00M | $1.40B | $1.21B | $1.25B |
| Capital Expenditure | $-145.00M | $-149.00M | $-157.30M | $-150.76M | $-217.04M |
| Free Cash Flow | $1.10B | $850.00M | $1.25B | $1.06B | $1.04B |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $- | $160.00M | $118.00M | $175.00M | $115.00M | $8.00M | $75.00M | $88.00M | $178.10M | $287.50M | $226.50M | $251.40M | $262.33M | $169.16M | $199.76M | $199.19M | $362.91M | $189.31M | $98.14M | $157.69M |
| Depreciation and Amortization | $- | $190.00M | $208.00M | $190.00M | $210.00M | $220.00M | $262.00M | $249.00M | $231.00M | $142.40M | $144.10M | $144.60M | $152.17M | $146.97M | $145.37M | $144.04M | $142.82M | $137.84M | $141.02M | $143.20M |
| Deferred Income Tax | $-7.00M | $-12.00M | $-2.00M | $-12.00M | $-40.00M | $-17.00M | $-7.00M | $-13.00M | $-70.50M | $-18.40M | $-5.40M | $-8.30M | $-816.00K | $173.00K | $8.21M | $-2.39M | $-22.70M | $-9.36M | $1.43M | $-13.01M |
| Stock Based Compensation | $- | $19.00M | $20.00M | $18.00M | $16.00M | $17.00M | $13.00M | $14.00M | $18.20M | $17.00M | $13.00M | $13.00M | $12.38M | $12.30M | $10.40M | $11.60M | $12.36M | $12.48M | $12.75M | $10.69M |
| Change in Working Capital | $- | $141.00M | $-69.00M | $-72.00M | $-35.00M | $22.00M | $-71.00M | $95.00M | $-98.70M | $53.70M | $-58.20M | $-10.30M | $-58.81M | $-2.12M | $-156.45M | $-6.10M | $-73.91M | $-161.52M | $104.67M | $18.61M |
| Accounts Receivables | $- | $32.00M | $3.00M | $45.00M | $-204.00M | $55.00M | $64.00M | $72.00M | $-92.50M | $11.10M | $65.50M | $4.30M | $-103.37M | $-20.50M | $21.73M | $-16.47M | $-109.42M | $-16.61M | $117.24M | $-7.27M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-626.52M | $-857.23M | $-634.26M | $12.55M | $-120.18M | $-45.24M | $62.81M |
| Accounts Payables | $- | $-5.00M | $20.00M | $-114.00M | $86.00M | $9.00M | $-82.00M | $19.00M | $30.40M | $-8.60M | $-50.20M | $-21.30M | $60.26M | $44.36M | $-75.07M | $-1.83M | $53.76M | $-13.36M | $31.59M | $-18.32M |
| Other Working Capital | $- | $114.00M | $-92.00M | $-3.00M | $83.00M | $-42.00M | $-53.00M | $4.00M | $-36.60M | $51.20M | $-73.50M | $6.70M | $-15.70M | $600.53M | $754.12M | $646.46M | $-30.80M | $-11.37M | $1.07M | $-18.61M |
| Other Non Cash Items | $418.00M | $-111.00M | $-99.00M | $444.00M | $-84.00M | $-112.00M | $-87.00M | $61.00M | $-40.10M | $-106.40M | $-30.00M | $128.40M | $-34.06M | $-40.38M | $-60.00M | $101.91M | $-44.80M | $-8.57M | $-55.83M | $97.94M |
| Net Cash Provided by Operating Activities | $411.00M | $387.00M | $176.00M | $276.00M | $182.00M | $138.00M | $185.00M | $494.00M | $218.00M | $376.00M | $290.10M | $518.90M | $333.19M | $286.10M | $147.30M | $448.25M | $376.68M | $160.19M | $302.18M | $415.12M |
| Investments in Property Plant and Equipment | $-35.00M | $-29.00M | $-37.00M | $-44.00M | $-36.00M | $-36.00M | $-41.00M | $-36.00M | $-57.30M | $-37.00M | $-34.10M | $-28.90M | $-45.78M | $-38.08M | $-34.80M | $-32.10M | $-46.89M | $-54.49M | $-55.52M | $-60.13M |
| Acquisitions Net | $- | $-19.00M | $- | $19.00M | $13.00M | $-17.00M | $12.00M | $24.00M | $227.20M | $28.90M | $45.00M | $- | $409.00K | $-130.36M | $-8.41M | $2.50M | $-254.10M | $-69.07M | $-214.00K | $299.80M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-7.00M | $- | $- | $- |
| Sales Maturities of Investments | $- | $-40.00M | $- | $40.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.61M | $- | $- | $- |
| Other Investing Activities | $1.00M | $40.00M | $2.00M | $40.00M | $2.00M | $-11.00M | $-8.00M | $-24.00M | $-33.80M | $12.00M | $-3.30M | $6.50M | $7.07M | $17.76M | $22.90M | $6.80M | $6.26M | $62.08M | $26.56M | $111.36M |
| Net Cash Used for Investing Activities | $-34.00M | $-48.00M | $-35.00M | $15.00M | $-21.00M | $-64.00M | $-37.00M | $-36.00M | $136.10M | $3.90M | $7.60M | $-22.40M | $-38.31M | $-150.68M | $-20.30M | $-22.81M | $-300.11M | $-61.49M | $-29.18M | $351.03M |
| Debt Repayment | $-181.00M | $-85.00M | $-31.00M | $-30.00M | $-51.00M | $-31.00M | $-31.00M | $-31.00M | $-229.70M | $-57.50M | $-33.00M | $-159.50M | $-123.87M | $-77.80M | $16.00M | $-80.30M | $-226.19M | $-179.62M | $-17.50M | $-459.12M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $306.00K | $589.00K | $- | $- | $- | $589.00K | $- |
| Common Stock Repurchased | $-178.00M | $-177.00M | $-135.00M | $-111.00M | $-96.00M | $-194.00M | $-139.00M | $-176.00M | $-259.40M | $-215.00M | $-248.00M | $-158.00M | $-133.57M | $-147.70M | $-140.70M | $-121.00M | $-84.30M | $-125.01M | $-301.00K | $-72.59M |
| Dividends Paid | $-52.00M | $-55.00M | $-55.00M | $-57.00M | $-46.00M | $-47.00M | $-48.00M | $-50.00M | $-33.90M | $-34.90M | $-36.00M | $-37.00M | $-28.71M | $-29.30M | $-29.80M | $-30.40M | $-24.66M | $-25.36M | $-25.34M | $-25.68M |
| Other Financing Activities | $-3.00M | $13.00M | $-11.00M | $-3.00M | $30.00M | $2.00M | $3.00M | $6.00M | $26.40M | $-2.20M | $-30.00M | $-6.70M | $-12.67M | $-3.40M | $-1.80M | $-6.67M | $1.37M | $-23.42M | $398.00K | $-6.77M |
| Net Cash Used Provided by Financing Activities | $-414.00M | $-304.00M | $-232.00M | $-201.00M | $-163.00M | $-270.00M | $-215.00M | $-251.00M | $-496.60M | $-309.70M | $-347.50M | $-361.20M | $-298.83M | $-254.85M | $-153.51M | $-238.37M | $-333.78M | $-353.42M | $-42.44M | $-564.15M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $75.00M | $- | $-75.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-37.00M | $35.00M | $-91.00M | $90.00M | $-17.00M | $-196.00M | $-67.00M | $207.00M | $-142.50M | $70.20M | $-49.80M | $135.30M | $-3.94M | $-119.44M | $-26.51M | $187.08M | $-257.21M | $-254.72M | $230.56M | $202.00M |
| Cash at End of Period | $144.00M | $181.00M | $146.00M | $237.00M | $147.00M | $164.00M | $360.00M | $427.00M | $219.70M | $362.20M | $292.00M | $341.80M | $206.49M | $210.44M | $329.88M | $356.38M | $169.31M | $426.52M | $681.23M | $450.68M |
| Cash at Beginning of Period | $181.00M | $146.00M | $237.00M | $147.00M | $164.00M | $360.00M | $427.00M | $220.00M | $362.20M | $292.00M | $341.80M | $206.50M | $210.44M | $329.88M | $356.38M | $169.31M | $426.52M | $681.23M | $450.68M | $248.68M |
| Operating Cash Flow | $411.00M | $387.00M | $176.00M | $276.00M | $182.00M | $138.00M | $185.00M | $494.00M | $218.00M | $376.00M | $290.10M | $518.90M | $333.19M | $286.10M | $147.30M | $448.25M | $376.68M | $160.19M | $302.18M | $415.12M |
| Capital Expenditure | $-35.00M | $-29.00M | $-37.00M | $-44.00M | $-36.00M | $-36.00M | $-41.00M | $-36.00M | $-57.30M | $-37.00M | $-34.10M | $-28.90M | $-45.78M | $-38.08M | $-34.80M | $-32.10M | $-46.89M | $-54.49M | $-55.52M | $-60.13M |
| Free Cash Flow | $376.00M | $358.00M | $139.00M | $232.00M | $146.00M | $102.00M | $144.00M | $458.00M | $160.70M | $339.00M | $256.00M | $490.00M | $287.40M | $248.02M | $112.51M | $416.15M | $329.79M | $105.70M | $246.66M | $354.98M |
Nexstar Media Group Dividends
Explore Nexstar Media Group's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
4.29%
Dividend Payout Ratio
30.33%
Dividend Paid & Capex Coverage Ratio
3.43x
Nexstar Media Group Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $1.86 | $1.86 | February 12, 2025 | February 12, 2025 | February 26, 2025 | January 29, 2025 |
| $1.69 | $1.69 | November 15, 2024 | November 15, 2024 | November 29, 2024 | November 01, 2024 |
| $1.69 | $1.69 | August 09, 2024 | August 09, 2024 | August 23, 2024 | July 26, 2024 |
| $1.69 | $1.69 | May 09, 2024 | May 10, 2024 | May 24, 2024 | April 26, 2024 |
| $1.69 | $1.69 | February 08, 2024 | February 09, 2024 | February 23, 2024 | January 26, 2024 |
| $1.35 | $1.35 | November 09, 2023 | November 10, 2023 | November 27, 2023 | October 27, 2023 |
| $1.35 | $1.35 | August 09, 2023 | August 10, 2023 | August 24, 2023 | July 27, 2023 |
| $1.35 | $1.35 | May 11, 2023 | May 12, 2023 | May 26, 2023 | April 28, 2023 |
| $1.35 | $1.35 | February 09, 2023 | February 10, 2023 | February 24, 2023 | January 27, 2023 |
| $0.9 | $0.9 | November 10, 2022 | November 14, 2022 | November 28, 2022 | October 28, 2022 |
| $0.9 | $0.9 | August 10, 2022 | August 11, 2022 | August 25, 2022 | July 28, 2022 |
| $0.9 | $0.9 | May 12, 2022 | May 13, 2022 | May 27, 2022 | April 29, 2022 |
| $0.9 | $0.9 | February 10, 2022 | February 11, 2022 | February 28, 2022 | January 28, 2022 |
| $0.7 | $0.7 | November 10, 2021 | November 12, 2021 | November 29, 2021 | October 28, 2021 |
| $0.7 | $0.7 | August 12, 2021 | August 13, 2021 | August 27, 2021 | July 29, 2021 |
| $0.7 | $0.7 | May 13, 2021 | May 14, 2021 | May 28, 2021 | April 29, 2021 |
| $0.7 | $0.7 | February 11, 2021 | February 12, 2021 | February 26, 2021 | January 28, 2021 |
| $0.56 | $0.56 | November 05, 2020 | November 06, 2020 | November 20, 2020 | October 22, 2020 |
| $0.56 | $0.56 | August 06, 2020 | August 07, 2020 | August 21, 2020 | July 24, 2020 |
| $0.56 | $0.56 | May 14, 2020 | May 15, 2020 | May 29, 2020 | April 30, 2020 |
Nexstar Media Group News
Read the latest news about Nexstar Media Group, including recent articles, headlines, and updates.
3 Dividend Stocks That Have Already Raised Their Payouts in 2025
2025 is only a couple of months old, but several companies have already announced sizable dividend hikes. For long-term investors and retirees, dividend growth stocks can be extremely appealing investments, as they reward investors for hanging on, and their payout hikes can offset the effects of inflation.
Nexstar Media Group, Inc. (NXST) Q4 2024 Earnings Call Transcript
Nexstar Media Group, Inc. (NASDAQ:NXST ) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Joe Jaffoni – Investor Relations Perry Sook – Founder, Chairman and Chief Executive Officer Mike Biard – President and Chief Operating Officer Lee Ann Gliha – Chief Financial Officer Conference Call Participants Steven Cahall – Wells Fargo Dan Kurnos – Benchmark Benjamin Soff – Deutsche Bank Craig Huber – Huber Research Partners Aaron Watts – Deutsche Bank Patrick Sholl – Barrington Research Operator Good day, and welcome to Nexstar Media Group's Fourth Quarter 2024 Conference Call. Today's call is being recorded.
Nexstar Names Ric Harris as Vice President and General Manager of Its Broadcast and Digital Operations in Chicago, Illinois
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the appointment of Ric Harris as Vice President and General Manager of its broadcast and digital operations in Chicago, Illinois (DMA #3), overseeing the long-range planning and day-to-day management of WGN-TV (CW), WGN-TV+, wgntv.com, and their related mobile and social media channels. Mr. Harris succeeds Paul Rennie, who retired last year. He will assume his new duties immediately and report to Brandin S.
23 Upcoming Dividend Increases, Including 2 Kings
Excited to announce dividend hikes for 23 companies, including dividend kings SJW Group and California Water Service Group, with 5% and 7.1% increases. Companies with consistent dividend growth indicate financial health, attracting investors and boosting stock prices, leading to long-term wealth accumulation. Investment strategy focuses on stocks with rising dividends and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ.
Nexstar Media Group Raises Quarterly Cash Dividend by 10% to $1.86 Per Share
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors approved a 10% increase to its quarterly cash dividend to $1.86 per share beginning with the dividend declared for the first quarter of 2025. The dividend is payable on Wednesday, February 26, 2025, to shareholders of record on Wednesday, February 12, 2025. Perry Sook, Nexstar Media Group's Founder, Chairman and Chief Executive Officer stated, “Nexstar's twelfth annual dividend i.
Nexstar & Optimum Reach Carriage Agreement After Standoff
After multiple stations went dark last week, Nexstar has reached a carriage agreement with Altice USA. The partnership agreement was announced Saturday, and although the terms were not released, programming has already been restored to two million subscribers of Optimum TV, which is owned by the U.S. arm of French telecom giant Altice.
Nexstar and Optimum Partner and Reach Agreement Returning Nexstar Content to Optimum Customers Immediately
IRVING, Texas & NEW YORK--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) and Altice USA (NYSE: ATUS) today announced that they have reached a comprehensive partnership agreement and all Nexstar programming has been restored to Altice USA's Optimum TV customers. Together, Nexstar and Optimum thank our customers and viewers for their patience as we partnered on the best deal for them. Specific terms of the agreement were not released. About Nexstar Media Group, Inc. Nexstar Media Group.
Nexstar Media Group to Report 2024 Fourth Quarter Financial Results, Host Conference Call and Webcast on February 27
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report 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 that morning to review the results. To access the conference call, interested parties may dial +1 877-407-9208 or +1 201-493-6784, conference ID 13751217 (domestic and international callers). Participants can also listen to a live webcast of the c.
NewsNation Announces New Additions to Primetime Line-Up
CHICAGO--(BUSINESS WIRE)--NewsNation today announced new additions to its primetime programming line-up, with On Balance hosted by anchor/reporter Leland Vittert taking over the 9 pm ET hour, and Elizabeth Vargas Reports, hosted by veteran journalist Elizabeth Vargas, moving to 7 pm ET. The new line-up is effective Monday, February 10. The network also announced that it has reached a new multi-year agreement with Ms. Vargas to continue hosting her weeknight program. “We're extremely happy to be.
Wall Street's Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
While Nexstar Continues to Dodge FCC Rules, Optimum Focuses on Customer Choice and Value
NEW YORK--(BUSINESS WIRE)--Optimum calls on Nexstar, the owner of multiple broadcast stations across the country, to put its viewers first and stop driving up TV prices for consumers. While Nexstar continues to make unreasonable demands that are not in line with the reality of today's TV landscape, Optimum is at the forefront of fighting for customers' rights while bringing them affordable video solutions to keep costs down. Further to their egregious rate demands – the highest of any broadcast.
Viewers Deprived of Critical News, Severe Weather Alerts, and the NFL Playoffs, as Altice USA Drops 63 Nexstar Television Stations From Optimum Platform
IRVING, Texas--(BUSINESS WIRE)--Altice USA drops the network and local programming provided by Nexstar Media Group television stations from Optimum, impacting millions of viewers.
Optimum Announces Update on Carriage Negotiations With Nexstar; Offers Customers Solutions to Keep Watching Their Local Broadcast Stations
NEW YORK--(BUSINESS WIRE)--Despite Optimum's best efforts to reach a fair and reasonable agreement with Nexstar, the owners of multiple broadcast stations, their content has been removed from Optimum TV lineups, effective 5:00PM ET today. Optimum offered an extension to keep Nexstar's content on the air while we continued to negotiate to reach a fair deal for our customers, but Nexstar refused. Optimum issues the following statement on its carriage negotiations with Nexstar and customer-friendl.
Nexstar's Interactive Television, M&A, And Why It's A Buy
Nexstar Media Group is poised for growth with the adoption of ATSC 3.0, enhancing interactive TV, signal encryption, and data services. Significant investments in new stations, digital tools, and acquisitions, along with strong asset growth, make NXST a compelling buy at 7x earnings. Despite high leverage, NXST's increasing equity, cash flow growth, and strategic acquisitions indicate robust future financial performance and scalability.
Wall Street's Most Accurate Analysts Give Their Take On 3 Tech And Telecom Stocks With Over 4% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Nexstar Media Group, Inc. (NXST) Q3 2024 Earnings Call Transcript
Nexstar Media Group, Inc. (NASDAQ:NXST ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Perry Sook - Founder, Chairman & Chief Executive Officer Mike Biard - President & Chief Operating Officer Lee Ann Gliha - Chief Financial Officer Conference Call Participants Dan Kurnos - Benchmark Benjamin Soff - Deutsche Bank Steven Cahall - Wells Fargo Jason Bazinet - Citibank Craig Huber - Huber Research Partners Jim Goss - Barrington Research Barton Crockett - Rosenblatt Operator Good day, and welcome to Nexstar Media Group's Third Quarter 2024 Conference Call. Today's call is being recorded.
Nexstar Media: Political Advertising, Buybacks Should Provide A Promising Seasonal Entry Point
Nexstar Media is fundamentally undervalued with a fair value of $245, presenting over 40% upside from current prices. Seasonal patterns, particularly during election years, show significant stock performance, possibly driven by political advertising revenue. Political advertising cashflows can fuel substantial buybacks, enhancing shareholder value and supporting the stock price.
CW Parent Nexstar Parting Ways With Chief Revenue Officer Michael Strober
Nexstar Media Group, which hired Turner veteran Michael Strober as EVP and Chief Revenue Officer in 2022, has eliminated his position. In an SEC filing Friday, the company said Strober had been notified that his role had been discontinued “in favor of a more streamlined organizational structure.
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