|Bid||85.31 x 800|
|Ask||0.00 x 800|
|Day's Range||87.75 - 89.56|
|52 Week Range||60.30 - 89.75|
|Beta (3Y Monthly)||1.68|
|PE Ratio (TTM)||6.77|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||1.50 (1.76%)|
|1y Target Est||103.55|
Nexstar Media Group is buying Chicago-based peer Tribune Media Company for about $4.1 billion in cash, making it the largest regional U.S. TV station operator. Fred Katayama reports.
Media stocks in 2019 are likely to benefit from increase in streaming service providers, change in business model by traditional companies and focus on providing quality entertainment.
NEW YORK, Dec. 11, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
In this article I am going to calculate the intrinsic value of Nexstar Media Group, Inc. (NASDAQ:NXST) by estimating the company's future cash flows and discounting them to their present Read More...
It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 7% during October and average hedge fund losing about 3%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by about […]
Nexstar general counsel Elizabeth Ryder led the deal with the help of attorneys at Kirkland & Ellis and Wiley Rein.
Jeffrey Jacobowitz‘s Simcoe Capital Management is a New York-based hedge fund launched in February 2003. As an investment advisory firm, it operates all across the United States. Its founder, Managing Partner, and Portfolio Manager is Mr. Jeffrey (Jeff) Jacobowitz, CPA, who is also the founder and managing partner of Simcoe Partners. He holds a B.A. in […]
Cerberus Capital Management and Apollo Global Management LLC, as well as regional broadcasters EW Scripps Co., Gray Television Inc., Meredith Corp. and Tegna Inc., are circling the stations, which could fetch as much as $1 billion, said the people, who asked not to be identified because the details aren’t public. A formal sale process is likely to start in coming weeks and the auction is expected to be completed by the time Nexstar’s merger with Tribune is slated to close in the third quarter of 2019, the people said.
Revcontent, a content discovery platform in Sarasota, has named a new CEO. Omar Nicola will step into the role and current CEO and founder John Lemp will move to chairman of the Board of Advisors. “I am beyond thrilled to be joining Revcontent,” Nicola said.
Nexstar Media Group Inc. confirmed it plans to acquire Tribune Media Co. in a deal that would make the company the largest operator of local television stations in the country. Nexstar, based in Irving, Texas, said Monday it will pay $46.50 a share in cash for Tribune Media’s outstanding stock for a total outlay of about $4.1 billion. Nexstar valued the deal at about $6.4 billion including debt.
Nexstar said it would pay $46.50 per share, representing a premium of 15.5 percent to Tribune's closing price on Friday. Tribune shares closed up 11.7 percent at $44.98 on Monday and Nexstar shares closed up 6.9 percent. The value of the deal was in line with a Reuters report on Sunday.
U.S. stocks ended higher Monday after President Trump backed down from threats to impose additional tariffs on Chinese goods for 90 days while the countries work to negotiate a resolution to ongoing trade ...
NEW YORK, Dec. 03, 2018 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Tribune Media Company (NYSE: TRCO) on behalf of.
Sinclair previously tried to acquire Chicago-based Tribune for $3.9 billion but the deal fell apart.
NEW YORK , Dec. 3, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Tribune Media Company (NYSE: TRCO) and its board of directors for breach of fiduciary duty concerning the ...
Nexstar said it would pay $46.50 per share, representing a premium of 15.5 percent to Tribune Media's closing price on Friday. Tribune shares rose 10 percent and Nexstar shares 3 percent in midday trading. The acquisition comes just three months after Sinclair Broadcast Group Inc's $3.9 billion deal to buy Tribune collapsed over regulatory hurdles.
NEW YORK, Dec. 03, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Tribune Media Company (“Tribune” or.