Nexstar Media: Market Not Appreciating Its Durability (Upgrade)
Nexstar Media Group, Inc. ( NXST ) Q3 2025 Earnings Call November 6, 2025 10:00 AM EST Company Participants Perry Sook - Founder, Chairman & CEO Michael Biard - President & COO Lee Gliha - Executive VP & CFO Conference Call Participants Joseph Jaffoni - JCIR Daniel Kurnos - The Benchmark Company, LLC, Research Division Benjamin Soff - Deutsche Bank AG, Research Division Steven Cahall - Wells Fargo Securities, LLC, Research Division Craig Huber - Huber Research Partners, LLC Patrick Sholl - Barrington Research Associates, Inc., Research Division Aaron Watts - Deutsche Bank AG, Research Division Presentation Operator Good day, and welcome to the Nexstar Media Group's Third Quarter 2025 Conference Call. Today's call is being recorded.
Nexstar Media Group, Inc. (NASDAQ:NXST ) Goldman Sachs Communicopia + Technology Conference 2025 September 8, 2025 2:30 PM EDT Company Participants Perry Sook - Founder, Chairman & CEO Lee Gliha - Executive VP & CFO Conference Call Participants Michael Ng - Goldman Sachs Group, Inc., Research Division Presentation Michael Ng Research Analyst Great. Thank you, everybody.
Nexstar Media Group, Inc. (NASDAQ:NXST ) Citi's 2025 Global Technology, Media and Telecommunications Conference September 3, 2025 8:50 AM EDT Company Participants Perry Sook - Founder, Chairman & CEO Lee Gliha - Executive VP & CFO Conference Call Participants Jason Bazinet - Citigroup Inc., Research Division Presentation Jason Bazinet MD, Global Head of EMT & Analyst [Audio Gap] including Perry Sook, CEO; and Lee Ann Gliha, CFO. Thank you both for coming.
Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, bringing together two major players in U.S. television and the country's local news landscape.If the transaction is approved, Nexstar will pay $22 in cash for each share of Tegna's outstanding stock. And the regulatory greenlight could be likely under President Donald Trump's administration, which has long-advocated for loosening industry restrictions.Announcing the proposed merger Tuesday, Nexstar CEO Perry Sook pointed directly to actions being pursued by the Trump administration, which he said “offer local broadcasters the opportunity to expand reach, level the playing field, and compete more effectively with the Big Tech and legacy Big Media companies that have unchecked reach and vast financial resources.
Another day, another major media merger. The Nexstar Media Group, already the largest owner of broadcast television stations in the U.S., announced yesterday that they will be purchasing Tegna, Inc. for $6.2 billion.
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)