|Day's Range||16.00 - 16.00|
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Nexstar Media Group...
Both sides in the AT&T; and Nexstar battle launched fresh salvos on Thursday over their days-long impasse – and the rhetoric hardly cooled off.
Nexstar Media Group, Inc. (NXST) (“Nexstar”) set the record straight today with legislators, regulators, consumers and others related to ongoing negotiations between the parties on a distribution agreement that will allow AT&T to continue to offer Nexstar’s highly rated network and local community programming to its subscribers. The misinformation campaign began when AT&T indicated that “Nexstar pulled 120 of its local broadcast stations…” Nexstar did not pull its stations or ask for their removal from AT&T’s DIRECTV, U-verse or DIRECTV NOW platforms.
United States Senators John Thune of South Dakota and John Kennedy of Louisiana join Connecticut Senator Richard Blumenthal as well as legislators from West Virginia, Ohio, South Dakota, Massachusetts, New York and Alabama in issuing letters urging direct broadcast satellite service provider DIRECTV and AT&T U-verse to immediately restore carriage of Nexstar-owned stations.
Connecticut Senator Richard Blumenthal has issued a letter urging direct broadcast satellite service provider DIRECTV and AT&T U-verse to immediately restore carriage of Nexstar-owned WTNH-TV (ABC) and WCTX-TV (MyNetworkTV). Effective 11:59 p.m. CT on July 3, 2019, AT&T/DIRECTV dropped the network and local community programming for Nexstar-owned stations impacting viewers in 97 markets across the country. The action follows AT&T/DIRECTV’s refusal to accept Nexstar’s offer for an extension which would have allowed viewers in Hartford-New Haven as well as other affected markets to view their favorite network shows, special events, sports, local news and other programming while the parties continue to negotiate.
Viewers across the United States have expressed their outrage at AT&T/DIRECTV following their removal of scores of local Nexstar Broadcasting television stations which began on the Fourth of July. For example, as a result of AT&T/DIRECTV’s actions, AT&T/DIRECTV subscribers in Bakersfield, California were unable to receive local Nexstar televised news updates, in both English and Spanish, regarding the large earthquake there. At present, Hawaii is bracing for severe weather as Hurricane Barbara tracks across the Pacific.
People in dozens of cities can’t watch some local channels over a conflict with Dallas’ AT&T Inc. and another North Texas company. AT&T’s DirecTV and U-Verse is not showing stations that include affiliates for CBS and NBC held by Irving-based Nexstar Media Group (Nasdaq: NXST), according to company statements. “We had hoped to prevent Nexstar from removing its stations from your TV channel lineup,” AT&T (NYSE: T) said on its website for customers. “We even offered Nexstar more money to keep their stations available.
Some CBS 17 watchers were in for a surprise early Thursday, as the station went black, leaving them unable to watch WNCN's morning programming.
Effective 11:59 p.m. local time on July 3, direct broadcast satellite service provider DIRECTV and AT&T U-verse unilaterally dropped the network and local community programming for over 120 stations impacting consumers and viewers in 97 markets across the United States. The action follows DIRECTV ’s refusal to accept an offer of an unconditional extension of the existing distribution agreement to August 2 to allow the stations’ owner, Nexstar Broadcasting Group, Inc. (“Nexstar”) and DIRECTV/AT&T to reach a new agreement allowing the direct broadcast satellite service provider (as well as AT&T’s U-verse systems and its subscription streaming television service, DIRECTV NOW) the right to continue to air the highly rated programming.
Nexstar Media Group, Inc. (NXST) (“Nexstar” or the “Company”) announced today that its indirect wholly-owned subsidiary, Nexstar Escrow, Inc. (the “Escrow Issuer”), has closed the previously announced offering of $1,120 million in aggregate principal amount of 5.625% new senior notes due 2027 (the “Notes”), which priced at 100.000% in a private offering. The Notes will be senior unsecured obligations of the Escrow Issuer. Prior to the release of the proceeds from escrow, the Escrow Issuer will merge with and into Nexstar Broadcasting, Inc. (“Nexstar Broadcasting”), a wholly-owned subsidiary of the Company.
Nexstar Media Group, Inc. announced today that it will report its 2019 second quarter financial results before the market opens on Wednesday, August 7, 2019. The Company will host a conference call and webcast at 10:00 a.m.
How do we determine whether Nexstar Media Group, Inc. (NASDAQ:NXST) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data […]
Nexstar Media Group, Inc. (NXST) (“Nexstar” or the “Company”) announced today that its indirect wholly-owned subsidiary, Nexstar Broadcasting, Inc., has priced a $3,065 million term loan B facility and $675 million term loan A facility. The pricing of the $3,065 million term loan B facility and $675 million term loan A facility, combined with the previously announced offering of $1,120 million senior notes mark the successful completion of the primary financing components needed to complete the acquisition of Tribune Media Company (“Tribune”).
Nexstar Media Group, Inc. (NXST) (“Nexstar” or the “Company”) announced today that its indirect wholly-owned subsidiary, Nexstar Escrow, Inc. (the “Escrow Issuer”), has priced an offering of $1,120 million in aggregate principal amount of 5.625% new senior notes due 2027 (the “Notes”). Prior to the release of the proceeds from escrow, the Escrow Issuer will merge with and into Nexstar Broadcasting, Inc. (“Nexstar Broadcasting”), a wholly-owned subsidiary of the Company. Upon the release of the proceeds from escrow, Nexstar Broadcasting will assume the obligations under the Notes and the Notes will be guaranteed by the Company, Mission Broadcasting, Inc. (“Mission”) and certain of Nexstar Broadcasting and Mission future restricted subsidiaries on a senior unsecured basis.
Cosmo DeNicola has founded and grown several national companies to market-leading positions. Mr. DeNicola founded the Cosmo DeNicola Companies, a portfolio company that holds a diverse range of businesses in the healthcare, technology, publishing, professional sports, and entertainment industries.
In 1996 Perry Sook was appointed CEO of Nexstar Media Group, Inc. (NASDAQ:NXST). This report will, first, examine the...
Nexstar Media Group, Inc. (NXST) (“Nexstar” or the “Company”) announced today that its indirect wholly-owned subsidiary, Nexstar Escrow, Inc. (the “Escrow Issuer”), intends to offer, subject to market and other customary conditions, up to $1,120 million in aggregate principal amount of new senior notes due 2027 (the “Notes”) in a private offering. The Escrow Issuer, which was created solely to issue the Notes, will deposit the gross proceeds of the offering into a segregated escrow account until the date that certain escrow release conditions are satisfied. Prior to the release of the proceeds from escrow, the Escrow Issuer will merge with and into Nexstar Broadcasting, Inc. (“Nexstar Broadcasting”), a wholly-owned subsidiary of the Company.
TEGNA (TGNA) set to acquire WTHR and WBNS TV stations from the Dispatch Broadcast Group, which will expand its total household reach across the United States.
Nexstar Media Group Inc NASDAQ/NGS:NXSTView full report here! Summary * Bearish sentiment is low and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for NXST with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 13. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold NXST had net inflows of $1.00 billion over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
IRVING, Texas, June 06, 2019 -- Today Nexstar Digital, a wholly-owned subsidiary of Nexstar Media Group, Inc. , is pleased to announce the official launch of its.
If you're interested in Nexstar Media Group, Inc. (NASDAQ:NXST), then you might want to consider its beta (a measure...
Channel 9's morning news product is cut from a different template than most, and it's yielding great results.
FrontFour Capital Group is a Greenwich, Connecticut-based hedge fund that was founded by David A. Lorber and Zachary Ryan George J.D. in 2006. The fund is currently run by its two founders and Stephen Loukas. Before co-founding FrontFour Capital Group, David A. Lorber was a Senior Investment Analyst at Pirate Capital and Equity Analyst at […]