Nexstar (NXST) delivered earnings and revenue surprises of 28.40% and 1.86%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Nexstar Broadcasting and the National Football League’s Las Vegas Raiders reached an exclusive broadcast rights and content partnership agreement.
In April, users on Nexstar's websites and mobile apps increased 133% year-over-year to over 96 million, generating more than 1.1 billion page views.
Sinclair Broadcasting Group Inc. (NASDAQ: SBGI) will pay a civil penalty of $48 million to settle federal investigations into its failed attempt to take over Tribune Media Co.What Happened The Federal Communications Commission announced Wednesday that Sinclair, a right-leaning media, outlet had agreed to pay the largest civil penalty involving a broadcaster to date. The $48 million will be coupled with a strict compliance plan so that the three open investigations against Sinclair are closed.FCC Chairman Ajit Pai stated "Sinclair's conduct during its attempt to merge with Tribune was completely unacceptable." He said the penalty should serve as a "cautionary tale" to other licensees, but disagreed with those who for political reasons "demand that we revoke Sinclair's licenses. While they don't like what they perceive to be the broadcaster's viewpoints, the First Amendment still applies around here."Why It Matters The most high profile of the investigations involved misstatements to the FCC by Sinclair, reported The Wall Street Journal.Pai blocked the Sinclair-Tribune deal on the grounds that the conservative media house's station divestitures would still have left Sinclair in control of the stations, which is in violation of FCC rules. The proposed Sinclair-Tribune deal was met with criticism from Democrats who accused the FCC of going easy on media-ownership guidelines. Tribune thereafter withdrew from the deal and sued Sinclair, accusing it of not doing enough to gain regulatory approval. Nexstar Media Group Inc. (NASDAQ: NXST) has since then acquired Tribune and emerged as the largest broadcast station owner in the United States. According to the FCC, the largest civil penalty imposed previously was $24 million, paid by Univision in 2007.Price Action On Wednesday Sinclair shares closed 2.70% higher at $15.80.See more from Benzinga * Wendy's Locations Run Out Of Beef As COVID-19 Forces Meatpacking Plant Closures * Delta Further Reduces Seating On Flights In Response To Coronavirus * Apple Capitalizes On Plunge In Yields, Issues Cheapest Bonds In Years(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Those holding Nexstar Media Group (NASDAQ:NXST) shares must be pleased that the share price has rebounded 32% in the...
Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2020 first quarter financial results before the market opens on Wednesday, May 6, 2020. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results.
Nexstar Broadcasting news anchors Colleen Marshall and Ali Meyer have each been honored with a national "Gracie Award" for groundbreaking reporting.
Q1 2020 Nexstar Media Group Inc Earnings Call
Sinclair Broadcast Group has agreed to pay a $48 million fine to the Federal Communications Commission (FCC) resolving the probe into the company's abandoned deal to buy Tribune Media in what the agency said was its largest-ever civil penalty. Sinclair Chief Executive Chris Ripley said in a statement on Wednesday the company was pleased with the resolution. "Sinclair is committed to continue to interact constructively with all of its regulators to ensure full compliance with applicable laws, rules and regulations," said Ripley, who is the company's president.
Nexstar Media Group, Inc. (NASDAQ:NXST) just released its latest quarterly results and things are looking bullish. It...
NXST earnings call for the period ending March 31, 2020.
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI), Nexstar Media Group, Inc, (NASDAQ: NXST), and The E.W. Scripps Company (NASDAQ: SSP), three of the nation's leading local television broadcasters, announce that their Las Vegas television stations began broadcasting today in NEXTGEN TV powered by ATSC 3.0. NEXTGEN TV is a new broadcasting technology delivering dramatically improved audio and video experiences for consumers and interoperability with Internet-delivered content. NEXTGEN TV is the most significant broadcast technology upgrade ever, enabling the full integration of enhanced broadcast television service into the digital and mobile lifestyles of today's consumers.
Nexstar Media Group (NASDAQ:NXST) shareholders are no doubt pleased to see that the share price has bounced 36% in the...
Nexstar Broadcasting television stations win 50 regional Edward R. Murrow awards for outstanding journalism and local news programming.
Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $0.56 per share of its Class A common stock. The dividend is payable on Friday, May 29, 2020, to shareholders of record on Friday, May 15, 2020.
Sinclair Broadcast Group has agreed to pay a $48 million fine to the Federal Communications Communication to close investigations related to its attempted merger with Tribune Media. The FCC said in its announcement that this is the largest civil penalty paid by a broadcaster in the agency’s history. It added that Sinclair will also have to "abide by a strict compliance plan in order to close three open investigations."
Nexstar Media Group will hold its 2020 Annual Meeting of Stockholders in a virtual-only format on June 3, due to COVID-19 public health concerns.
Nexstar Media Group, Inc. (NASDAQ: NXST) ("Nexstar" or "the Company") today reported financial results for the first quarter ended March 31, 2020 as summarized below. The actual results presented herein for the three months ended March 31, 2020 reflect the Company’s legacy Nexstar Broadcasting and digital operations and full quarterly results from the Tribune Media stations which we acquired on September 19, 2019. First quarter 2020 revenue from WGN America, also acquired in the Tribune transaction, is included in core advertising revenue and distribution fee revenue. The contribution from Nexstar’s 31.3% ownership stake in TV Food Network and other investments acquired in the Tribune transaction is included in the full income statement on page 7 under "Income (loss) on equity investments, net." The comparable three month period ended March 31, 2019 reflects Nexstar’s legacy broadcasting and digital operations.
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.
It's nice to see the Nexstar Media Group, Inc. (NASDAQ:NXST) share price up 24% in a week. But in truth the last year...