|Bid||84.10 x 1000|
|Ask||93.18 x 1400|
|Day's Range||87.31 - 89.02|
|52 Week Range||60.30 - 89.75|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||6.86|
|Earnings Date||Feb 26, 2019|
|Forward Dividend & Yield||1.80 (2.07%)|
|1y Target Est||107.82|
Apollo is also a bidder for a portfolio of local TV stations worth about $1 billion that Nexstar Media Group Inc plans to shed following its $4.1 billion takeover of Tribune Media Co, Reuters reported. If Apollo wins that group of stations, it would combine the assets with the Cox TV stations, sources have said. Apollo also has an agreement to acquire the assets of Northwest Broadcasting, which owns more than a dozen TV stations in mostly rural markets in the Pacific Northwest, and combine them with the Cox assets, Reuters reported.
The billionaire investor is poised to become one of the biggest players in local television thanks to a dealmaking spree. First off, Apollo is in talks to buy a group of local television stations from Nexstar Media Group Inc. for more than $1 billion, according to people with knowledge of the matter. Apollo is negotiating a deal for those channels and plans to combine them with the Nexstar assets -- along with a dozen stations that the private equity firm agreed to buy last year from little-known Northwest Broadcasting Inc., the people said.
Nexstar Media Group Inc NASDAQ/NGS:NXSTView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate Bearish sentimentShort interest | NegativeShort interest is moderately high for NXST with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding NXST totaled $2.13 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.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.
World Wrestling Entertainment's (WWE) effort to focus on increasing original content production, localization and strategic initiatives as well as digitization and international development bode well.
Low-priced dividend growth stocks could be attractive as these will enable investors to buy a greater number of shares instead of just a handful of higher-priced stocks for the same amount.
Nexstar Media Group, Inc. (NASDAQ:NXST), which is in the media business, and is based in United States, saw a double-digit share price rise of over 10% in the past couple Read More...
Nexstar Media Group Inc. said Friday it is raising its quarterly dividend by 20% to 45 cents a share. The media company said the new dividend will be payable Friday Feb. 22 to shareholders of record as of Feb. 8. "Looking ahead, we remain extremely well positioned to post another year of record results in 2019 given key factors including new distribution agreements and the pending accretive acquisition of Tribune Media," Chief Executive Perry Sook said in a statement. The company will become the biggest local TV group in the U.S. once that deal closes, with 2018 to 2019 average proforma annual revenue of about $4.6 billion and cash flow of $900 million, he said. Shares were not yet active premarket, but have gained 5% in the last 12 months, while the S&P 500 has fallen 6.9%.
Nexstar Media Group, Inc. (NXST) announced today that its Board of Directors approved a 20 percent increase in the quarterly cash dividend to $0.45 per share of its Class A common stock beginning with the dividend declared for the first quarter of 2019. The dividend is payable on Friday, February 22, 2019, to shareholders of record on Friday, February 8, 2019. Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Media Group, Inc., commented, “Nexstar’s sixth consecutive annual dividend increase highlights the Company’s growing free cash flow profile and the Board’s commitment to returning capital to shareholders.
In its ongoing efforts to ensure the highest quality standards and brand safety for digital publishers and advertisers, LKQD Technologies LLC, a leading video advertising platform owned by Nexstar Digital LLC, which is a wholly owned subsidiary of Nexstar Media Group, Inc.
Zacks.com featured expert Kevin Matras highlights: Caseys General Stores, Becton, Dickinson and Company, ArcBest, Tetra Tech and Nexstar Media
Amid heightened volatility and uncertainty, investors are looking for both income and growth in their portfolio. As a result, picking dividend growth stocks appear as a winning strategy.
CEO Perry Sook founded Nexstar Media Group in 1996 and it has grown rapidly since its November 2003 IPO with revenue rising from approximately $214 million to approximately $2.7 billion in 2018.
Nexstar Media Group, Inc. (the “Company”) (NXST), announced today that its Board of Directors has extended the employment agreement of President and Chief Executive Officer, Perry A. Sook through February 28, 2023. In addition to his responsibilities as President and Chief Executive Officer, Mr. Sook also serves as the Company’s Chairman, and has held all three positions since founding the company. Mr. Sook founded Nexstar Media Group in 1996 for the purpose of acquiring and operating network affiliated television stations.
’ TV viewing data has underpinned the vast bulk of transactions between media companies and advertisers. To be sure, ad buyers want more options, not a switch from one dominant player to another, and Nielsen won’t be dislodged from the top spot any time soon, according to industry executives.
Nexstar Media Group, Inc. announced today that it will report its 2018 fourth quarter financial results before the market opens on Tuesday, February 26, 2019. The Company will host a conference call and webcast at 10:00 a.m.
Perry Sook became the CEO of Nexstar Media Group, Inc. (NASDAQ:NXST) in 1996. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Next, Read More...
NEW YORK, Jan. 07, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
The station says a failure to reach a new contract agreement will take the NBC affiliate off the carrier's airwaves beginning January 1.
Here we pick five television broadcasters that are expected to benefit from higher ad dollar spending, rapid proliferation of "skinny bundles" and investment on quality content.