(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 […]
(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.
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 […]
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 […]
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.
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).
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.
(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.
(Robert Feder) Sinclair Broadcast Group has finally closed the book on its bungled attempt to take over Tribune Media. In 2017 Sinclair sought to buy Tribune Media’s 42 television stations and other properties for $3.9 billion before the deal ran afoul of the FCC for what was called “misrepresentation and/or lack of candor.” Click here […]
(The Hollywood Reporter) Sinclair Broadcast Group has settled the lawsuit stemming from its failed $3.9 billion takeover of Tribune Media. Click here to read more.