NXST Stock Recent News

Multi-Year Renewal Covers CBS Affiliated Television Stations in 42 Markets Owned by Nexstar and Mission Broadcasting, Inc. Paramount-owned Stations in Miami and Detroit To Become CW Network Affiliates on September 1 IRVING, Texas and NEW YORK , July 30, 2024 /PRNewswire/ -- Nexstar Media Group, Inc. (NASDAQ: NXST) (Nexstar) and Paramount Global (NASDAQ: PARA, PARAA) (Paramount) today announced that Nexstar and its operating partner, Mission Broadcasting, Inc. (Mission), have reached comprehensive multi-year agreements to renew CBS Television Network affiliations in 42 markets across the country, including 40 stations owned by Nexstar and two stations owned by Mission. Together, the 42 stations reach 15% of the U.S. audience, serving nearly 19 million television households.

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, 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.

CNBC's Jim Cramer explains why he is keeping an eye on shares of Nexstar Media Group Inc.

Nexstar's true value is obscured by stalling carriage fee growth, CW Network losses, and de-bundling fears. All three headwinds will reverse over the next 12 months. NXST is poised to generate $40/share of FCF by year-end against a share price of $170. Management is committed to buybacks and is repurchasing 10% of the float per year, while also paying a 4 percent dividend.

Investors always search for stocks offering explosive returns. A higher price-to-earnings (P/E) ratio typically helps identify opportunities with higher future growth.

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will report 2024 second quarter financial results on August 8, and host a conference call and webcast that morning at 10am ET.

MYRTLE BEACH, S.C.--(BUSINESS WIRE)--Leading television stations serving the Myrtle Beach-Florence market today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WPDE-TV (ABC), WBTW (CBS), WHMC (ETV and SCETV PBS Kids 24/7) and WWMB (Dabl). Based on the same fundamental technology as the Internet and digital apps, NextGen TV can support a wide range of features that are currently in development. In addition to providing a new, improved.

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group appointed Lisa Taylor SVP of Digital Advertising Sales, responsible for accelerating digital revenue across the broadcast group.

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc., today announced that its owned and partner television stations will air “D-Day: The Greatest Victory,” to commemorate the 80th anniversary of D-Day, the largest air, land, and naval operation in wartime history, when Allied troops landed on the coast of Normandy, France, to liberate Europe from the Nazis. Produced by Nexstar Broadcasting in association with WAVY-TV in Norfolk, Virginia, the exclusive program will air in 117 markets acro.

IRVING, Texas--(BUSINESS WIRE)--Nexstar stations earned 35 regional Edward R. Murrow Awards from the Radio Television Digital News Association (RTDNA) for outstanding journalism.