Nexstar Declares Quarterly Cash Dividend

Nexstar Media Group announced today that its board of directors declared a quarterly cash dividend of $0.70 per share of its Class A common stock. The dividend is payable on Friday, May 28, to shareholders of record on Friday, May 14.

EARNINGS CALL

Nexstar Ahead Of Budget For 2021 Ad Sales

Chairman-CEO Perry Sook and Broadcasting President Tim Busch are bullish on a number of ad revenue fronts, including an auto rebound, sports betting and strong political opportunities heading toward 2022.

QUARTERLY REPORT

Nexstar Reports Record 4Q Revenue

The increase to $1.4 billion from 4Q 2019 was boosted by a 717% increase in political advertising as well as higher distribution fee revenue. Core ad revenue was down 9.9%.

Lori Tavoularis Named Nexstar Digital CRO

She will lead an expanded revenue team that includes Jennifer Scialbro, SVP of local digital sales and Wil Danielson, SVP of national digital sales.

Nexstar Ups Dividend, Sets $1B Share Repurchase

It OKs a 25% increase in quarterly cash dividend to $0.70 per share and authorizes repurchase up to $1 billion of its Class A common stock.

WDVM Returns To Antietam Broadband

Nexstar Media Group, Inc. and Antietam Broadband announced Tuesday that they reached a multi-year agreement to return independent WDVM Hagerstown , Md. (Washington DMA) to the broadband system in Hagerstown and Washington County, Md. The station has been absent from the cable service’s channel lineup since the end of 2018.

Nexstar Buying Product Reviews Company

It’s paying Tribune Publishing $160 million for BestReviews, saying the deal “diversifies our digital content portfolio while presenting the company with new and significant revenue channels.”

Nexstar Stations, WGN America Go Dark On Dish

Nexstar Media Group TV stations in 120 markets and 42 states as well as WGN America nationwide have gone dark on Dish Network platforms after days of negotiations between the companies failed to yield a deal. In all, 164 stations are offline.

Nexstar Responds To Dish Comments

The ongoing retransmission consent battle between Dish Network and Nexstar Media Group continued Friday, with the station group claiming that Dish has declined reasonable offers to settle the dispute.

Dish Turns Up Heat In Nexstar Dispute

Dish Network and Nexstar Media Group are warning subscribers and viewers of a potential blackout. As with past contract disputes, the companies are blaming the other. In a Thanksgiving news release, Dish said Nexstar is threatening the “largest local station blackout in TV history” that could “black out” customers’ access to “164 local channels in 120 markets across 42 states and the District of Columbia.” The contract between Dish and Nexstar expires Dec. 2, according to Gary Weitman, Nexstar EVP and chief communications officer, who said: “We felt it was important to start advising our viewers who are Dish subscribers of the potential for an interruption in service, since Dish has a history of repeatedly forcing stations off of their system.”

QUARTERLY REPORT

Nexstar 3Q Revenue Soars 68.5%

That increase from 3Q 2019 was boosted by a 583% increase in political advertising and its purchase last year of Tribune Media. Core ad revenue grew 31.6%.

Nexstar Merges Broadcast, Digital Operations

Nexstar Media Group is combining its broadcasting and digital subsidiaries as Nexstar Inc. to “drive synergies, create operational efficiencies, reduce expenses and enhance financial results.” Timothy C. Busch becomes president, broadcasting; the digital business unit will be led by Karen Brophy; and Sean Compton will be president, networks, overseeing WGN America, AntennaTV and WGN Radio.

Nexstar Ups Thomas Carter To President-COO

The veteran Nexstar exec will retain his current responsibilities as chief financial officer for the foreseeable future, the company said.

Brackets, ‘Crop Circles’ Laid The Groundwork For ‘NewsNation’ Sets

Advertising Technology Pandemic Report Card At OTT News Summit

Executives from Nexstar, Newsy, CBS Local Digital and Local Now will assess ad technology’s performance amid the pandemic’s growing streaming audience at TVNewsCheck’s virtual OTT News Summit on Sept. 24. Register here.

MARKET SHARE

How Nexstar’s $120M Will Promote ‘News Nation’

Perry Sook, Nexstar Media Group’s chairman and president, says the company is dedicating the equivalent of $120 million this year to promote its national newscast, News Nation. How will that money be spent? What media is being used? And what will the creative be?

EARNINGS CALL

Nexstar Growing New Advertisers Amid Pandemic

The company saw sequential month-over-month core advertising improvement from April to May, May to June — “and this trend is continuing in July,” according to CEO Perry Sook.

Nexstar 2Q Revenue Climbs To $914.6M

That represents a 40.9% jump from 2Q 2019, boosted by its purchase of Tribune Media. Looking ahead, CEO Core ad revenue grew 11.4% and political ad money shot up 583% to $21.6 million.

Nexstar Declares Quarterly Cash Dividend

Nexstar Media Group 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, Aug. 21, to shareholders of record on Friday, Aug. 7. Nexstar said that while it intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the board of directors at its discretion.

WGN Prepares For A National Newscast In A Crowded Market

WGN America Sets ‘News Nation’ Personnel

Nexstar’s primetime national newscast launches Sept. 1. Anchors Joe Donlon and Marni Hughes, breaking news anchor Rob Nelson and meteorologist Albert Ramon will be drawing from Nexstar’s team of 5,400 journalists in 110 newsrooms across the U.S.

Las Vegas Stations Launch 3.0 Broadcasts

Powered by ATSC 3.0, Sinclair’s KSNV (NBC) and KVCW (CW), Nexstar’s KLAS (CBS) and Scripps’ KTNV (ABC) are now broadcasting with the new NextGen TV technology.

Nexstar Sites, Mobile Apps Top 1.1B Page Views

With users up 133% and page views up 250% in April from April 2019, Nexstar’s websites and apps now reach 36% of U.S. adults.

EARNINGS CALL

Nexstar Keeps Staff And Readies For Rebound

As states begin opening up, Nexstar CEO Perry Sook projects that the company will be profitable in every quarter of this year with a rebounding auto category and expected political spending among the reasons.

QUARTERLY REPORT

Nexstar 1Q Revenue Climbs To $1.1 Billion

That represents a 74.2% jump from 1Q 2019, boosted by its purchase of Tribune Media. Looking ahead, CEO Perry Sook says: “While the coronavirus has presented serious challenges for the entire broadcast industry, Nexstar’s leading local broadcast platform is well positioned to withstand this environment due to several factors including continued growth of distribution revenue and what are projected to be record levels of political spending in 2020.”

Nexstar Media Group Declares Cash Dividend

Nexstar Media Group today announced 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, to shareholders of record on Friday, May 15.

TVN TECH

TVN Tech | 1080p HDR Gains Momentum For Major Sports

Costs are inhibiting a flood of 4K sports production, but 1080p HDR offers numerous practical advantages, among them that the improvement in picture quality is more readily apparent to consumers than the gain from 4K resolution. Above, Sony tested an 8K camera at the Sony Open in Hawaii last year, but doesn’t expect 8K to be used for regular sports production for several years.

TVN TECH

TVN Tech | News Workflows Get COVID-19 Stress Test

With coronavirus pushing numerous staffers into remote working situations, broadcasters are increasingly looking to exploit all of the remote functionality in their newsroom computer systems. Improved IP connectivity and better automation software is helping to make that happen.

ViacomCBS And Nexstar Renew More Affiliations

The new multi-year agreement with the largest independent operator of CBS affiliates covers nine stations reaching approximately 3.5% of the U.S.

MARKET SHARE

Nexstar Stations Streaming Coronavirus Information Daily

Portland Stations Plan ATSC 3.0 Rollout

Stations from Meredith, Nexstar, Sinclair and Tegna have applied for FCC approval to launch NextGen TV in Oregon.

BORRELL MIAMI 2020

Local Media’s Digital Faithful Meet In Miami

OTT and revived TV membership models were among the highlights of a local digital advertising conference that just managed to sneak in under the coronavirus wire.

Nexstar, Charter Create WWLP Local News Deal

A special news feed for Charter subscribers in Berkshire County, Mass., will be launched in the next 30 to 60 days and includes a dedicated journalist to provide regular coverage of issues affecting the various communities.

Fox And Nexstar Complete Station Sales

With the deals involving stations in Seattle, Milwaukee, and Charlotte, N.C., Fox Television Stations expands its footprint to 29 stations across the country. Nexstar says it will use the approximately $240 million of net after-tax proceeds from the deals to reduce borrowings under its credit facilities.

EARNINGS CALL

Core Advertising Grows For Nexstar

CEO Perry Sook reports 4Q growth in 16 of the station group’s 25 major ad categories that are regularly tracked. That translated to a 1.3% increase in same-station core advertising.

Nexstar Ups Quarterly Dividend By 24.4%

The increase to $0.56 per share marks the company’s seventh annual consecutive rise in cash dividend.

NATPE 2020

NATPE 2020 | Sook Sees Plenty Of Promise For OTA, Nexstar

Nexstar CEO and President Perry Sook says leagues like the NBA may turn to broadcasters for their over-the-air advantage amid underperforming cable ratings, and that NextGen TV is the greatest tool a TV group can use “to control its destiny.” And he’s bullish about Nexstar’s biggest competitive advantage — its local news and sales forces.

Nexstar To Air Primetime WGN America News

The live, daily three-hour primetime News Nation will draw on the experience and in-market expertise of Nexstar’s 5,400 local journalists and 110 newsrooms across the country. Leading the effort is Jennifer Lyons as VP news of WGN America.

Nexstar And Nielsen Set Ratings Agreement

Nielsen will provide rating services for Nexstar’s 197 television stations, national unwired ratings, digital subchannels, Antenna TV and national distribution of WGN America.

Nexstar Promotes Jason Gray, Mark Hoyla To Accounting VPs

Nexstar Media Group, today promoted two members of the company’s accounting department: Jason Gray is now VP and assistant corporate controller, and Mark Hoyla becomes VP of financial reporting.  The promotions are effective immediately and both men will continue reporting to Patrick Cusick, Nexstar’s SVP and controller. “Jason and Mark are talented and deeply experienced, […]