|Bid||124.60 x 800|
|Ask||124.65 x 1000|
|Day's Range||123.52 - 129.02|
|52 Week Range||80.30 - 133.25|
|Beta (5Y Monthly)||1.45|
|PE Ratio (TTM)||22.14|
|Earnings Date||Feb 25, 2020|
|Forward Dividend & Yield||1.80 (1.40%)|
|Ex-Dividend Date||Nov 06, 2019|
|1y Target Est||142.30|
Nexstar Broadcasting Inc. has named Janene Drafs as the new general manager of KTLA-TV, taking over for Don Corsini, who is retiring after 10 years in the role.
Nexstar Media Group, new owner of Chicago’s WGN-Channel 9, on Thursday provided new evidence it's not backing away from expanding news programming on all fronts just months after it took control of the station. Channel 9 said starting Jan. 28, the station will broadcast a live half-hour weeknight program called “GN Sports.” The sports news program will air from 10:30 p.m. to 11 p.m., immediately following the station's half-hour 10 p.m. newscast. The 10 p.m. newscast follows the hour-long nightly news package on Channel 9 that begins at 9 p.m. With the addition of “GN Sports,” Channel 9 will offer viewers a two-hour daily package of local news and sports.
The media company said the new project coming next summer will fill a void in the national news programming universe.
Nexstar Media Group's cable network, WGN America, will launch News Nation, a live daily national newscast in primetime, beginning this summer.
Standard General L.P., one of the largest shareholders of TEGNA Inc. (NYSE: TGNA), and the owner of approximately 9.7% of the Company's outstanding shares, today announced that it will nominate a slate of four highly qualified, diverse and independent candidates for election to the Board of Directors at the Company's 2020 Annual Meeting of Shareholders.
Zacks.com featured highlights include: Nexstar Media, Berry Global, DCP Midstream, Huntington Ingalls Industries and FleetCor Technologies
Nexstar Digital partners with Mediaocean to enable buying of OTT, display, video and linear on Spectra.
Nexstar Media Group will report 2019 fourth quarter financial results pre-market on February 26, 2020 and host a conference call and webcast at 10am.
(Bloomberg) -- The ranks of well-funded political hopefuls vying for the nation’s top office is poised to benefit the local broadcast industry in a year set to reach record levels. But one of the nation’s regional television station operators stands to reap the most.According to Wells Fargo, “billionaire candidates and a highly charged partisan presidential race are likely most beneficial” to Nexstar Media Group. The Irving, Texas-based owner of regional broadcast networks “is potentially more exposed than peers to presidential spending,” which could help the company beat revenue expectations and drive the stock to further gains, Steven Cahall, a senior media analyst, wrote in a morning note.Nexstar rose to a record intraday high Tuesday, climbing as much as 6.9% intraday to trade $124.15 a hand as of 12:18 p.m. in New York. Wells Fargo raised its price target on the stock by $36 to $149 per share while upgrading the stock to overweight from equal weight.The bullish commentary doubles down on the notion that the current political environment can boost revenue at a time when consumers are ditching traditional media for a la carte streaming options. Local TV broadcasters are estimated to generate about $3.5 billion of incremental revenues from the 2020 political ad market, according to a study by data analytics firm Magna Global.Read more: 2020 Candidates ‘Flush With Cash’ Bode Well for Local TV OwnersGuggenheim also tipped off clients last month, saying Nexstar, alongside Gray Television Inc., was primed to rake in the most from candidates spending on the small screen to boost their own political prospects. Both companies own stations in competitive states such as Iowa.(Michael Bloomberg, who is seeking the Democratic presidential nomination, is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)To contact the reporter on this story: Kamaron Leach in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Courtney DentchFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Nielsen (NYSE: NLSN) ("Nielsen") and Nexstar Media Group, Inc. (NASDAQ: NXST) ("Nexstar") today announced a multi-year agreement whereby Nielsen will provide a comprehensive suite of measurement services for all broadcast and cable entities across Nexstar Media Group including 197 local television stations and digital subchannels in 115 markets, and national ratings for cable entertainment network WGN America and digital network, Antenna TV.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Channel 7's New Year's Eve live local special (anything but a drag) included a couple of big surprises that helped keep plenty of viewers engaged.
The Zacks Analyst Blog Highlights: Facebook, Gray Television, Nexstar Broadcasting, Fox and Entercom Communications
The New York Times Company (NYT) is constantly making efforts to rapidly acclimatize to the changing face of the multiplatform media universe.
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
"It has become increasingly difficult for CLTV to hold on to its audience and remain competitive," said its general manager.
Nexstar (NXST) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.