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Nexstar Media Group Inc (NXST.OQ)

NXST.OQ on NASDAQ Stock Exchange Global Select Market

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21 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Nexstar Media Group Reports Qtrly Earnings Per Share Of $1.01
Wednesday, 9 May 2018 

May 9 (Reuters) - Nexstar Media Group Inc ::Q1 REVENUE $615.3 MILLION VERSUS I/B/E/S VIEW $613.1 MILLION.QTRLY EARNINGS PER SHARE $ 1.01.REMAIN CONFIDENT IN MEETING TARGET FOR AVERAGE ANNUAL FREE CASH FLOW IN EXCESS OF $600 MILLION FOR 2018/2019 CYCLE.  Full Article

Nexstar Media Group CEO Perry Sook's 2017 Compensation Was $19.3 Million
Friday, 27 Apr 2018 

April 27 (Reuters) - Nexstar Media Group Inc ::NEXSTAR MEDIA GROUP INC SAYS CEO PERRY SOOK'S 2017 COMPENSATION WAS $19.3 MILLION , INCLUDING STOCK AWARDS OF $8.8 MILLION - SEC FILING.NEXSTAR MEDIA GROUP INC SAYS CEO PERRY SOOK'S 2017 COMPENSATION OF $19.3 MILLION ALSO INCLUDES $9 MILLION BONUS.NEXSTAR MEDIA GROUP INC SAYS CFO THOMAS CARTER'S 2017 COMPENSATION WAS $6.2 MILLION.  Full Article

Nexstar Media Group To Acquire LKQD Technologies For $90 Mln
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Nexstar Media Group Inc ::NEXSTAR MEDIA GROUP TO ACQUIRE LEADING DIGITAL VIDEO ADVERTISING INFRASTRUCTURE PLATFORM, LKQD TECHNOLOGIES, FOR $90 MILLION IN ACCRETIVE TRANSACTION.NEXSTAR MEDIA GROUP INC - DEAL FOR $90 MILLION.NEXSTAR MEDIA GROUP INC - ‍TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO NEXSTAR'S OPERATING RESULTS AND FREE CASH FLOW​.NEXSTAR MEDIA GROUP INC - DEAL DOES NOT MATERIALLY ALTER CO'S LEVERAGE POSITION, TO BE FINANCED WITH CASH, FUNDS FROM CO'S REVOLVING CREDIT FACILITY​.NEXSTAR MEDIA - ‍SENIOR MEMBERS OF LKQD MANAGEMENT, INCLUDING CEO BRIAN DEFRANCESCO, CTO CHRISTOPHE CLAPP, ENTERED EMPLOYMENT AGREEMENTS WITH NEXSTAR​.NEXSTAR MEDIA GROUP INC - ‍AFTER DEAL, LKQD WILL CONTINUE TO OPERATE ITS BUSINESS AS A DIVISION OF NEXSTAR DIGITAL​.  Full Article

‍Moody's says looser local media ownership rules will benefit U.S. television broadcasters​
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Moody's‍::Moody's says looser local media ownership rules will benefit U.S. television broadcasters​.Moody's says U.S. Federal Communication Commission's decision to loosen local media ownership rules is credit positive for U.S. television broadcasters‍​.Moody's says under revised FCC rules, U.S. TV broadcasters to benefit from consolidation of local market ownership through acquisitions, station swaps.  Full Article

Nexstar Media Group posts qtrly earnings per share $0.98
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Nexstar Media Group Inc :Q3 revenue $611.9 million versus I/B/E/S view $608.9 million.Nexstar Media Group qtrly earnings per share $0.98​.Nexstar Media Group Inc - ‍Reiterates projected pro-forma free cash flow guidance of approximately $574 million during 2017/2018 cycle​.Q3 earnings per share view $0.91 -- Thomson Reuters I/B/E/S.  Full Article

Nexstar broadcasting prices $2.75 billion term loan B facility
Tuesday, 27 Sep 2016 

Nexstar Broadcasting Group Inc : Now expects to generate over $540 million of average annual free cash flow over 2016/2017 period . Approximately $60 million annual reduction in post-closing interest expense with respect to media general deal . Nexstar Broadcasting prices $2.75 billion term loan B facility . Nexstar Broadcasting Group Inc says term loan B facility will be issued at a price equal to 99.75% of its face value . Says its wholly owned subsidiary, Nexstar Broadcasting Inc, priced a $2.75 billion term loan B facility .Cost of financing media general transaction is below company's prior expectation.  Full Article

Nexstar affirms 2016 $100 mln political revenue target-CEO
Wednesday, 21 Sep 2016 

Nexstar Broadcasting Affirms Target Of About $100 Mln Political Revenues For 2016 : Nexstar CEO says has already booked more than two thirds of 2016 political revenue target .Nexstar to present details at conference later Wednesday.  Full Article

Nexstar qtrly earnings per share $0.78
Tuesday, 9 Aug 2016 

Nexstar Broadcasting Group Inc : Q2 revenue $262 million versus I/B/E/S view $264.6 million . Qtrly earnings per share $0.78 . Q2 earnings per share view $0.84 -- Thomson Reuters I/B/E/S . Progress towards completion later this year of our acquisition of media general is tracking consistent with our timeline .On pace to achieve guidance for annual average 2016/2017 free cash flow of $250 million or average pro-forma free cash flow of $8.15/share per year.  Full Article

Nexstar Broadcasting Group announced pricing of $900 mln offering of senior notes
Thursday, 14 Jul 2016 

Nexstar Broadcasting Group Inc : Announces pricing of $900 million offering of senior notes . Says priced an offering of $900 million in aggregate principal amount of 5.625% new senior notes due 2024 .Sale of notes is expected to be completed on or about july 27, 2016.  Full Article