Nexstar beat out rival Sinclair, which was offering between $25 and $30 per share, significantly above Nexstar's winning bid.
Nextstar is looking to buy Tegna in a $6.2 billion cash deal — but will the FCC allow it despite a conflict with current TV ownership rules?
Nexstar Media Group, Inc. (NASDAQ:NXST ) Q2 2025 Earnings Call August 7, 2025 10:00 AM ET Company Participants Lee Ann Gliha - Executive VP & CFO Michael Biard - President & COO Perry A. Sook - Founder, Chairman & CEO Conference Call Participants Alan Steven Gould - Loop Capital Markets LLC, Research Division Benjamin Soff - Deutsche Bank AG, Research Division Craig Anthony Huber - Huber Research Partners, LLC Daniel Louis Kurnos - The Benchmark Company, LLC, Research Division Jason Boisvert Bazinet - Citigroup Inc., Research Division Khadir Richie - Richie Investment Advisors, LLC Patrick William Sholl - Barrington Research Associates, Inc., Research Division Steven Lee Cahall - Wells Fargo Securities, LLC, Research Division Joseph N.
Initiate coverage on Nexstar Media Group (NXST) with a Strong Buy rating and a $239 price target, driven by resilient distribution revenue and CW turnaround. Above-consensus EPS forecasts for FY25 and FY26, supported by stable distribution revenues, cost management, and political advertising cycles. Distribution revenue stability and CW Network's shift to profitability in 2026 are key catalysts for significant earnings growth and margin improvement.
Nexstar Media Group, Inc. (NASDAQ:NXST ) Q1 2025 Earnings Conference Call May 8, 2025 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Perry Sook - Founder, Chairman & Chief Executive Officer Mike Biard - President & Chief Operating Officer Lee Ann Gliha - Executive Vice President & Chief Financial Officer Conference Call Participants Dan Kurnos - Benchmark Company Steven Cahall - Wells Fargo Benjamin Soff - Deutsche Bank Aaron Watts - Deutsche Bank Jason Bazinet - Citi Patrick Sholl - Barrington Research Barton Crockett - Rosenblatt Securities Craig Huber - Huber Research Partners Alan Gould - Loop Capital Markets Operator Good day, and welcome to Nexstar Media Group's First Quarter 2025 Conference Call. Today's call is being recorded.
Nexstar Media: Incremental Negative Developments Tilt The Risk-Reward Into Neutral Territory (Rating Downgrade)
Nexstar Media Group, Inc. (NASDAQ:NXST ) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Joe Jaffoni – Investor Relations Perry Sook – Founder, Chairman and Chief Executive Officer Mike Biard – President and Chief Operating Officer Lee Ann Gliha – Chief Financial Officer Conference Call Participants Steven Cahall – Wells Fargo Dan Kurnos – Benchmark Benjamin Soff – Deutsche Bank Craig Huber – Huber Research Partners Aaron Watts – Deutsche Bank Patrick Sholl – Barrington Research Operator Good day, and welcome to Nexstar Media Group's Fourth Quarter 2024 Conference Call. Today's call is being recorded.
Nexstar Media: Strong Dividend Growth From An Underappreciated TV Business
Nexstar Media Q4 Preview: A Good End To 2024
After multiple stations went dark last week, Nexstar has reached a carriage agreement with Altice USA. The partnership agreement was announced Saturday, and although the terms were not released, programming has already been restored to two million subscribers of Optimum TV, which is owned by the U.S. arm of French telecom giant Altice.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Nexstar Media Group is poised for growth with the adoption of ATSC 3.0, enhancing interactive TV, signal encryption, and data services. Significant investments in new stations, digital tools, and acquisitions, along with strong asset growth, make NXST a compelling buy at 7x earnings. Despite high leverage, NXST's increasing equity, cash flow growth, and strategic acquisitions indicate robust future financial performance and scalability.