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Today we are going to look at Nexstar Media Group, Inc. (NASDAQ:NXST) to see whether it might be an attractive...
We can judge whether Nexstar Media Group, Inc. (NASDAQ:NXST) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their […]
Channel 7's deep bench of talent continues to work to keep the station well out in front of its nearest rival, Channel 5, in late local news ratings.
The new cable sports network is taking special care to ensure content properly reflects the Cubs' rich history.
Nexstar Broadcasting to air "Border Tour" programming special about life along the US-Mexico Border on 85 television stations across 58 markets.
Half-hour Special Will Air on 85 TV Stations in 58 Markets Across the Country
Zacks.com featured highlights include: Nexstar Broadcasting Group, ResMed, Lam Research, Qorvo and Northrop Grumman
Renewal Covers 21 NBC Affiliated Television Stations Owned by Nexstar and Mission Broadcasting, Inc. The new affiliation agreements cover eighteen Nexstar owned stations, including two recent acquisitions, and three Mission stations.
Nexstar Media Group, Inc. (NASDAQ:NXST) shares fell 3.9% to US$102 in the week since its latest third-quarter results...
The Notes will be issued as additional Notes under the Indenture, dated as of July 3, 2019 (as amended and supplemented from time to time, the “Indenture”), pursuant to which the Issuer previously issued $1,120 million aggregate principal amount of 5.625% Senior Notes due 2027 (the “Existing Notes”). The Notes will be treated as a single series with the Existing Notes under the Indenture and will have substantially the same terms as the Existing Notes.
Nexstar Media Group, Inc. (NXST) (“Nexstar” or the “Company”) announced today that its wholly-owned subsidiary, Nexstar Broadcasting, Inc. (the “Issuer”), intends to offer, subject to market and other customary conditions, up to $665 million in aggregate principal amount of additional 5.625% Senior Notes due 2027 (the “Notes”) in a private offering. The Notes are being offered as additional notes under the Indenture, dated as of July 3, 2019 (as amended and supplemented from time to time, the “Indenture”), pursuant to which the Issuer previously issued $1,120 million aggregate principal amount of 5.625% Senior Notes due 2027 (the “Existing Notes”).
Moody's Investors Service ("Moody's") says that Nexstar Media Group, Inc.'s (unrated), parent of Nexstar Broadcasting, Inc. (Nexstar, B1 stable), agreement with Fox Television Stations, Inc., a wholly-owned subsidiary of Fox Corporation (FOX, Baa2 stable), to acquire 2 FOX affiliate stations for $45 million and divest 3 FOX affiliate stations for about $350 million in cash does not affect Nexstar's B1 Corporate Family Rating (CFR) or stable outlook. The transaction is marginally credit positive as it will add around $305 million to Nexstar's cash balance which the company has stated it will use to reduce borrowings under its credit facilities, reducing leverage by around 0.1x.
Moody's Investors Service says that Fox Television Stations, LLC's, a wholly-owned subsidiary of Fox Corporation (FOX, Baa2 stable), agreement with Nexstar Media Group, Inc. (unrated), parent of Nexstar Broadcasting, Inc. (Nextstar, B1 stable), to buy 3 FOX affiliate stations from Nexstar for around $350 million and divest 2 FOX affiliate stations for $45 million in cash is credit neutral and does not impact FOX's Baa2 senior unsecured rating or stable outlook given the small nature of the transaction in the context of the company's $3.2 billion cash balance and robust free cash flow generation. Under terms of the agreement, FOX has agreed to acquire two stations in Seattle and one station in Milwaukee, which are two key sports markets.
Nexstar (NXST) delivered earnings and revenue surprises of -59.87% and 0.93%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Net Revenue Drives 3Q Operating Income of $121.6 Million, BCF of $202.6 Million, Adjusted EBITDA of $143.5 Million and Free Cash Flow of $59.5 Million
Acquisition expands Fox Television Stations' reach to 14 of the top 15 markets NEW YORK and LOS ANGELES , Nov. 5, 2019 /PRNewswire/ -- Fox Corporation (Nasdaq FOXA, FOX) ("FOX") today announced ...
(November 5, 2019) – Nexstar Media Group, Inc. (NXST) (the “Company”) announced today that it entered into purchase and sale agreements with Fox Television Stations, LLC, a subsidiary of Fox Corporation (Nasdaq: FOXA, FOX) (“FOX”), whereby Nexstar will purchase from FOX, the Charlotte FOX Affiliate WJZY and MyNetworkTV Affiliate WMYT for approximately $45 million in cash, and will divest to FOX the Seattle FOX Affiliate KCPQ and MyNetworkTV Affiliate KZJO and the Milwaukee FOX Affiliate WITI for approximately $350 million in cash, subject to customary adjustments.
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Nexstar (NXST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A subsidiary of Irving-based Nexstar Media Group has begun selling impressions, moving away from traditional ratings-based metrics.
Nexstar Media Group, Inc. (NXST) announced today that its wholly-owned subsidiary, Nexstar Broadcasting, Inc. (“Nexstar” or the “Company”), will begin to immediately transition its advertising sales to a cost-per-impression (CPM) model. Nexstar has been working with its audience measurement partner, Comscore, to develop a viewer measurement metric that provides advertisers with verified, aggregated, unduplicated audience measurement metrics across all of the Company’s broadcasting, digital, mobile, and streaming video platforms.