Company News

March 2, 2020

Nexstar Media Group Completes Transactions with Fox Television Stations Adding Two Charlotte Stations and Divesting Three Stations in Seattle and Milwaukee

Net After Tax Proceeds of Approximately $240 Million to be Applied to Debt Reduction and General Corporate Purposes IRVING, Texas – Nexstar Media Group, Inc. (Nasdaq: NXST) (the “Company” or “Nexstar”) announced today that it completed the previously announced purchase and sale agreements with Fox Television Stations, LLC, a subsidiary of Fox Corporation (Nasdaq: […]

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February 26, 2020

Nexstar 4Q Revenue Climbs 38%

(TVNewsCheck) Nexstar Media Group this morning reported financial results for the fourth quarter of 2019 that included net revenue of $1.1 billion, up 37.9% from $798 million in the same quarter of 2018. Click here to read more.

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February 26, 2020

Giant Nexstar Emphasizes Local News: Q4 Profit Dips, Sales Surge After Tribune Merger

(Deadline) The nation’s biggest television broadcaster Nexstar Media Group Wednesday reported net income dipped 26% on a 39% jump in revenue in the fourth quarter spurred by its acquisition of Tribune Broadcasting last fall. CEO Perry Sook said the combined company is focused on slashing debt and expanding local news and anticipated a wave of […]

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February 26, 2020

Nexstar Reports Lower Fourth-Quarter Earnings

(Broadcasting & Cable) Nexstar Media Group reported lower fourth-quarter earnings as the company absorbed last year’s acquisition of Tribune Media. Click here to read more.

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February 26, 2020

Nexstar Media Group Fourth Quarter Net Revenue Rises 37.9% To A Record $1.1 Billion

Net Revenue Drives 4Q Operating Income of $256.5 Million, and Net Income of $113.9 Million Record BCF of $416.8 Million, Adjusted EBITDA of $379.2 Million and Free Cash Flow of $173.9 Million Repurchases $45.1 Million of Common Shares in the Fourth Quarter Initiates Pro-Forma Average Annual Free Cash Flow Guidance for the 2020/2021 Cycle of […]

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February 19, 2020

Chicago Fire Football Club and Chicago’s Very Own WGN-TV Announce Landmark Multi-Year Broadcast Agreement

24 Chicago Fire matches will air on WGN-TV in 2020 CHICAGO (February 19, 2020) Chicago Fire Football Club and Chicago’s Very Own WGN-TV today announced a multi-year partnership that will make WGN-TV the home for all locally broadcast Fire home and away matches. Coverage will begin with the 2020 season as the Club returns to […]

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February 6, 2020

Nexstar Media Group Names Sharon Rachal Vice President and General Manager of its Broadcasting and Digital Operations in Champaign-Springfield, Illinois

Nexstar Broadcasting, Inc. appointed Sharon Rachal to Vice President and General Manager of its broadcasting and digital operations in Champaign-Springfield, IL (DMA #88), including WCIA-TV (CBS), WCIX-TV (MyNet) and WCIA.com.

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February 3, 2020

Nexstar Media Group Promotes Andrew Wyatt to Manage All of its Broadcasting and Digital Operations in the Washington, D.C. Area

Nexstar Broadcasting, Inc., has promoted Andrew Wyatt to manage all of the Company’s broadcast and digital operations in the Washington, D.C. area (DMA #7).

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January 31, 2020

Nexstar Media Group Increases Quarterly Cash Dividend by 24.4 Percent

Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors approved a 24.4 percent increase in the quarterly cash dividend to $0.56 per share of its Class A common stock beginning with the dividend declared for the first quarter of 2020.

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January 28, 2020

Sinclair, Nexstar Settle Lawsuit

(Cablefax) Sinclair and Nexstar said Monday that they have agreed to settle a lawsuit over the terminated Sinclair-Tribune merger, with Sinclair selling a station and making a $60mln payment to Nexstar. Click here to read more.

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