Nexstar Media Group, Inc. today announced the appointment of innovative and experienced sales and advertising executive Michael Strober as Executive Vice President and Chief Revenue Officer, responsible for leading the reimagination and execution of a new advertising sales and go-to-market strategy for the Company.
Net Revenue Drives Record 2Q Operating Income of $196.3 Million, Net Income of $98.1 Million BCF of $290.8 Million, Adjusted EBITDA of $292.8 Million and Free Cash Flow of $194.9 Million IRVING, Texas – August 5, 2020 – Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or “the Company”) today reported financial results for the second […]
Net Revenue Drives 1Q Operating Income of $305.0 Million, Net Income of $157.7 Million BCF of $430.0 Million, Adjusted EBITDA of $557.7 Million and Free Cash Flow of $423.0 Million Allocates $457 Million in Cash Toward Leverage Reduction and Repurchases $72.6 Million of Class A Common Shares in the First Quarter IRVING, Texas – May […]
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 […]
Nexstar Media Group, Inc. completed its previously announced acquisition of Tribune Media Company in an accretive transaction, creating the nation’s largest local broadcaster. Nexstar is hosting conference call and webcast at 10:00 a.m. ET on Friday, September 20 to review the transaction and host a question and answer session.
Nexstar Media Group, Inc. completed its previously announced acquisition of Tribune Media Company in an accretive transaction valued at approximately $7.2 billion, creating the nation’s largest local television broadcaster.
Nexstar Media Group’s indirect wholly-owned subsidiary, Nexstar Broadcasting, Inc., has priced a $3,065 million term loan B facility and $675 million term loan A facility, marking its completion of primary financing for Tribune Media transaction at attractive rates and terms.
Nexstar Media Group entered into a definitive agreement with Circle City Broadcasting I, a newly-formed minority-led broadcaster controlled and owned by DuJuan McCoy for the sale of two stations in Indianapolis for $42.5 million in cash following the completion of Nexstar’s acquisition of Tribune.
Nexstar Media Group, Inc. and Tribune Media Company announced definitive agreements to sell a total of nineteen stations in fifteen markets for an aggregate $1.32 billion in cash following the acquisition of Tribune Media by Nexstar.
Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) and Tribune Media Company (NYSE: TRCO) (“Tribune Media”) announced today that they have entered into a definitive merger agreement whereby Nexstar will acquire all outstanding shares of Tribune Media for $46.50 per share in a cash transaction that is valued at $6.4 billion including the assumption of Tribune […]