|Bid||100.00 x 800|
|Ask||105.88 x 800|
|Day's Range||100.41 - 103.04|
|52 Week Range||70.51 - 119.93|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||17.91|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||1.80 (1.77%)|
|1y Target Est||137.56|
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.
Nexstar Media Group, Inc. announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of its Class A common stock. The dividend is payable on Friday, November 22, 2019, to shareholders of record on Friday, November 8, 2019.
Nexstar Media Group (NXST) announced today that its wholly-owned subsidiary, Nexstar Broadcasting, Inc. (“Nexstar” or the “Company”), will expand local news at its recently acquired Portland (DMA #22) television station, KRCW-TV, “Portland’s CW.” Nexstar will expand the station’s 10 PM newscast to a full hour beginning tonight, and will also add “Game On!”, a 30-minute sports highlights show on Sunday nights, beginning Oct. 27. Both broadcasts will continue to be independently produced for KRCW-TV by its sister station in Portland, KOIN-TV (CBS).
The annual holiday tradition, viewed in person and on television by tens of thousands of people, recently found out it had no title sponsor for 2019.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...
Nexstar Media Group, Inc. announced today that it will report its 2019 third quarter financial results before the market opens on Wednesday, November 6, 2019. The Company will host a conference call and webcast at 10:00 a.m.
CINCINNATI , Sept. 19, 2019 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has closed its acquisition of eight television stations in seven markets divested from the Nexstar Media Group, Inc. (NASDAQ: ...