Nexstar Media Group Inc (OQ:NXST)

Sector:  Consumer Cyclicals Industry:  Broadcasting
See Regulatory Filings on SEC
Company Contact
Address: 545 E John Carpenter Fwy Ste 700
IRVING TX 75062-3932
Tel: 1-212-8358500
IR: See website
Key People
Perry A. Sook
Chairman of the Board, Chief Executive Officer
Blake Russell
Executive Vice President - Station Operations
Thomas E. Carter
President, Chief Operating Officer
Lee Ann Gliha
Chief Financial Officer, Executive Vice President
Andrew Alford
President - Broadcasting
Karen A Brophy
President - Digital
Sean Compton
President - Networks overseeing WGN America, AntennaTV, and WGN Radio
Dana Zimmer
President - Distribution
Brett Jenkins
Executive Vice President, Chief Technology Officer
Rachel Morgan
Executive Vice President, General Counsel
Business Overview
Nexstar Media Group, Inc. (Nexstar) is a diversified media company with television broadcasting, television network and digital media assets, interactive community websites and digital media services operating in the United States. Its segment includes Broadcast and Other. The Broadcast segment includes television stations and related community focused websites that Nexstar owns, operates, programs or provides sales and other services in various markets across the United States; NewsNation, a live daily national newscast and a national general entertainment cable network, digital multicast network services; and WGN-AM, a Chicago radio station. The other segment activities include corporate functions; the management of certain real estate assets, including revenues from leasing certain owned office and production facilities; and digital businesses. Its digital businesses include video and display advertising platforms that are delivered locally & nationally through own Websites, others.
Financial Overview
For the three months ended 31 March 2022, Nexstar Media Group Inc revenues increased 9% to $1.21B. Net income increased 25% to $251.6M. Revenues reflect Broadcasting segment increase of 8% to $1.18B, Other segment increase of 22% to $26.2M. Net income benefited from Income (loss) on equity investments, net increase of 26% to $37.7M (income), Other Operating Expense decrease of 10% to $27.8M (expense).
Employees: 11,160 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $13,654M as of Mar 31, 2022
Annual revenue (TTM): $4,745M as of Mar 31, 2022
EBITDA (TTM): $1,832M as of Mar 31, 2022
Net annual income (TTM): $885.26M as of Mar 31, 2022
Free cash flow (TTM): $874.61M as of Mar 31, 2022
Net Debt Last Fiscal Year: $6,934M as of Mar 31, 2022
Shares outstanding: 40,404,252 as of May 9, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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