Since Nexstar has a network of nearly 200 stations that it owns … Repurchases by the Company will be subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors. During the same quarter in the previous year, the firm earned $1.42 earnings per share. According to Marshall, only 12 of 1,400 full-power commercial TV stations in the U.S. are black-owned. The forward-looking statements contained in this communication, concerning, among other things, future financial performance, including changes in net revenue, cash flow and operating expenses, involve risks and uncertainties, and are subject to change based on various important factors, including the impact of changes in national and regional economies, the ability to service and refinance our outstanding debt, successful integration of acquired television stations and digital businesses (including achievement of synergies and cost reductions), pricing fluctuations in local and national advertising, future regulatory actions and conditions in the television stations' operating areas, competition from others in the broadcast television markets, volatility in programming costs, the effects of governmental regulation of broadcasting, industry consolidation, technological developments and major world news events. "You Can Change the Channel, but Local News Is the Same", "Nexstar Selling 3 Fox Affils For $58.5 Million", "Nexstar Plans Sale of Three Fox Affiliates For $58.5 Million", "Fcc Revises Local Television Ownership Rules", Nexstar Broadcasting Completes Acquisition of Quorum Broadcast Holdings, Nexstar Broadcasting Group Completes Acquisition of Media General Creating Nexstar Media Group, The Nation’s Second Largest Television Broadcaster, https://en.wikipedia.org/w/index.php?title=List_of_stations_owned_or_operated_by_Nexstar_Media_Group&oldid=983753847, Creative Commons Attribution-ShareAlike License, This page was last edited on 16 October 2020, at 01:52. Nexstar bought WYOU from Diversified Communications. Upon completion of its acquisition of Tribune Media in 2019, Nexstar became the largest local television broadcast and digital media company in the nation with a portfolio of 197 full power owned or serviced stations in 115 markets reaching approximately 63% of US television households. Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Each Nexstar cluster also operates its own news website, although most do not use their station branding or call letters in the addresses, choosing to use a slogan related to their area instead. Nexstar owns, operates, programs, or provides sales and other services to 196 television stations and related digital multicast signals reaching 114 markets or approximately 39% of … Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors approved an expansion of the Company’s share repurchase authorization for up to an additional $300 million of repurchases of its Class A common stock. “The spirit of the agreement was for us to work together to grow Marshall Broadcasting. For these statements, Nexstar claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. A number of large investors have recently modified their holdings of NXST. Although less overtly political than their cousins on cable, local news stations have come under increased scrutiny … The following stations listed below are either owned and operated by Nexstar, or controlled by Nexstar through management services agreements (MSAs) with affiliated companies like Mission Broadcasting and Shield Media, among others, to comply with current FCC ownership limits. Most of the stations Nexstar owns and operates were acquired through acquisitions of Quorum Broadcasting in 2003[6], Newport Television in 2012, Communications Corporation of America in 2015, Media General in 2017[7], and Tribune Media in 2019. TheStreet raised Nexstar Media Group from a “c+” rating to a “b-” rating in a research report on Thursday, June 4th. The Company's segments include Broadcasting and Other. For more information please visit www.nexstar.tv. Shares of NXST stock opened at $91.40 on Wednesday. Bojangles’ Songwriter, Dead at 78, Ruff Cuts: Inside the Booming Cosmetic Surgery Industry for Designer Dogs, Smaller Conferences Ready for Basketball With Limited Testing Resources, The Firm, Weird, Oddly Popular Sleep Solution That is the Buckwheat Pillow. Can 'circuit-breaker' lockdowns save Europe from a second coronavirus wave? Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. Stations are arranged alphabetically by state and by city of license. According to the suit, Nexstar aimed to sell to Marshall, knowing that the FCC would look favorably upon a sale to a minority-owned company. Goldman Sachs Group Inc. boosted its holdings in shares of Nexstar Media Group by 11.1% during the 2nd quarter. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States. But I don’t think Nexstar ever really had designs on letting us grow. The Company has also significantly expanded the reach of the station group by completing select accretive transactions that have positioned Nexstar to better compete in today’s rapidly transforming industry environment. The business has a fifty day simple moving average of $94.51 and a 200 day simple moving average of $80.57. Today, as one of the most powerful and trusted voices in America, Nexstar remains true to its mission to uphold the public interest principles of localism, diversity and trust worthy, unbiased broadcast journalism. Marshall is the publisher of the Wave Community Newspapers, a group of African-American newspapers in Los Angeles. Baupost Group LLC MA lifted its stake in shares of Nexstar Media Group by 4.3% in the 1st quarter. Following the completion of the transaction, the executive vice president now directly owns 1,792 shares in the company, valued at $170,472.96. View source version on businesswire.com: https://www.businesswire.com/news/home/20200902005227/en/, Investor Contacts: Thomas E. CarterChief Financial OfficerNexstar Media Group, Inc.972/373-8800, Joseph Jaffoni, Jennifer NeumanJCIR212/835-8500 or nxst@jcir.com, Media Contact: Gary WeitmanEVP and Chief Communications OfficerNexstar Media Group, Inc.312/222-3394 or gweitman@nexstar.tv, Don't Race Out To Buy Mesabi Trust (NYSE:MSB) Just Because It's Going Ex-Dividend, Estimating The Intrinsic Value Of Brookfield Renewable Corporation (TSE:BEPC), We're Hopeful That Annexon (NASDAQ:ANNX) Will Use Its Cash Wisely, A. O. Smith Corporation (NYSE:AOS) Looks Interesting, And It's About To Pay A Dividend.