Perry A. Sook, Nexstar chairman, president and CEO, said: “The expanded repurchase authorization reflects our confidence in the company’s growing free cash flow from operations and our long-term commitment to deploying capital in a manner that can enhance shareholder value.”
The plan is to buy $25 million of its Class A common shares, which it expects to be completed by the first quarter of 2019.
The board of directors of the E.W. Scripps Co. on Tuesday authorized a new share repurchase program up to $100 million of the company’s Class A common shares. This authorization […]
When Disney and other media stocks crumbled last month, the home of Star Wars seized on the opportunity to buy back its stock at what looked like dirt cheap prices. Disney went big, aggressively repurchasing $2.4 billion in shares, Thomas Staggs, the company’s chief operating officer, told analysts at a conference on Thursday.
Perry A. Sook, Nexstar chairman, president and CEO: “The repurchase authorization reflects our confidence in the company’s growing free cash flow … and provides a flexible complement to our existing return of capital initiatives through our quarterly cash dividend.”
The company will offer senior notes due 2026 to partially pay down short-term borrowings, including commercial paper.
Exclusives
Gray Television Inc. announced today that on Dec. 9 it completed the repurchase of an additional 68.73 shares of its Series D perpetual preferred stock in a series of private […]
Scripps Networks Interactive Inc. today announced that its board of directors has authorized a $1 billion share repurchase program. Scripps Networks Interactive’s media portfolio includes lifestyle television and Internet brands […]
