The Latest Breaking News from Nexstar Media

Nexstar Media Group, Inc (NASDAQ:NXST) is on the verge of acquiring majority control of the CW Network from Warner Bros. Discovery, Inc (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA), the Wall Street Journal reports. The leading owner of local television stations would acquire 75% of the CW, a broadcast network aimed primarily at teens and young adults, with…

Nexstar Media Group, Inc (NASDAQ:NXST) reported a first-quarter FY22 net revenue growth of 8.6% year-on-year to $1.21 billion, beating the consensus of $1.19 billion. Revenues from Total Television Advertising rose 8.3% Y/Y to $451.8 million, comprising Core Advertising revenue that climbed 4% Y/Y to $428.1 million and a 338.9% growth in Political Advertising…

Nexstar Media Group Inc (NASDAQ:NXST) reported a fourth-quarter FY21 net revenue decline of 9.5% year-on-year to $1.25 billion, beating the consensus of $1.23 billion. Revenues from Total Television Advertising declined 33.6% Y/Y to $512.8 million, comprising Core Advertising revenue that climbed 4.3% Y/Y to $493.9 million, partially offset by a 93.7% decline in…