OverviewSuggest Edit

Nexstar Media Group is a television broadcasting company focused on the acquisition, development, and operation of television stations in medium-sized markets. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The Company offers free over-the-air programming to television viewing audiences. It also provides sales, programming, and other services through various local service agreements. 

TypePublic
Founded1996
HQIrving, US
Websitenexstar.tv

Latest Updates

Employees (est.) (Dec 2018)8,249(-1%)
Job Openings547
Revenue (FY, 2018)$2.8 B(+14%)
Share Price (Oct 2019)$98.8 (+4%)

Key People/Management at Nexstar

Perry Sook

Perry Sook

Chairman, President and CEO
Brett Jenkins

Brett Jenkins

Executive VP, Chief Technology Officer
Blake Russell

Blake Russell

Executive VP, Station Operations and Content Development
Gregory Raifman

Gregory Raifman

President, Nexstar Digital, LLC
Tom Carter

Tom Carter

Executive VP, Chief Financial Officer
Brian Jones

Brian Jones

Executive VP, Chief Operating Officer Nexstar Broadcasting, Inc
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Nexstar Office Locations

Nexstar has offices in Irving, Albany, Albuquerque, Alexandria and in 61 other locations
Irving, US (HQ)
545 E John Carpenter Fwy #700
Albany, US
Albany, NY, USA
Albuquerque, US
Albuquerque, NM, USA
Alexandria, US
Alexandria, VA, USA
Altoona, US
Altoona, PA, USA
Augusta, US
Augusta, GA, USA
Show all (65)

Nexstar Financials and Metrics

Nexstar Revenue

Nexstar's revenue was reported to be $2.77 b in FY, 2018
USD

Revenue (Q2, 2019)

649.0m

Net income (Q2, 2019)

70.7m

EBIT (Q2, 2019)

149.9m

Market capitalization (11-Oct-2019)

4.6b

Closing stock price (11-Oct-2019)

98.8

Cash (30-Jun-2019)

79.9m
Nexstar's current market capitalization is $4.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

502.3m631.3m896.4m1.1b2.4b2.8b

Revenue growth, %

26%42%23%

Operating expense total

399.1m690.3m815.9m1.9b2.0b

Depreciation and amortization

30.1m48.5m46.6m159.5m149.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

40.0m131.9m43.4m87.7m115.7m145.1m

Accounts Receivable

Inventories

6.1m16.1m7.3m15.0m

Current Assets

201.2m317.7m260.0m363.2m1.1b767.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

24.6m50.6m32.1m68.7m44.6m26.9m23.4m12.8m27.2m29.3m72.9m85.9m135.8m109.1m147.7m118.4m128.6m79.9m

Inventories

34.4m

Current Assets

149.3m204.5m189.6m230.1m281.6m266.9m289.2m234.3m261.9m287.0m1.1b1.1b1.0b1.0b717.1m766.5m743.5m775.9m

PP&E

219.3m205.5m219.2m215.6m277.8m276.2m271.6m287.7m283.9m283.6m741.5m738.7m738.2m725.3m720.5m723.9m740.0m748.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(1.8m)64.6m76.4m93.1m475.3m388.3m

Depreciation and Amortization

33.6m25.9m47.2m51.3m100.7m109.8m

Inventories

(3.2m)1.3m(1.3m)(29.0m)

Accounts Payable

4.3m4.0m16.9m33.3m(17.4m)(7.5m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

10.7m7.4m18.3m33.7m11.9m31.8m49.0m22.3m24.8m72.7m4.9m42.1m47.3m133.9m233.8m56.9m127.6m

Depreciation and Amortization

24.8m8.4m17.0m25.8m23.9m22.2m35.3m12.6m11.3m38.2m22.2m25.8m50.9m78.6m27.4m55.5m

Inventories

34.4m

Accounts Payable

4.0m343.0k8.6m5.0m20.3m(3.8m)10.6m(6.5m)29.9m13.8m(32.6m)61.1m(10.4m)759.0k(11.3m)(7.8m)2.4m
USDY, 2019

Financial Leverage

3.6 x
Show all financial metrics

Nexstar Operating Metrics

FY, 2014FY, 2015FY, 2016Q1, 2017FY, 2017

Television Markets

49 61 62 100 100

Television Stations

87 99 104 170 170

Viewers

16.20 m20.40 m20.80 m44.70 m43.60 m
Show all operating metrics

Nexstar Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Tribune Media CompanyDecember 02, 2018$4.10 b

Nexstar Revenue Breakdown

Embed Graph

Nexstar revenue breakdown by business segment: 94.3% from Broadcasting and 5.7% from Other

Nexstar Online and Social Media Presence

Embed Graph

Nexstar Blogs

Nexstar Media Group Refinances Senior Secured Term Loans And Revolving Credit Facility

Nexstar Media Group, Inc. received commitments for a $2.676 billion refinancing of its outstanding Senior Secured Term Loan facilities, lowering its annual interest expense by approximately $7 million. The post Nexstar Media Group Refinances Senior Secured Term Loans And Revolving Credit Facility ap…

Nexstar Promotes Robert Simone to Vice President and General Manager of Springfield, Massachusetts Television and Digital Operations

Nexstar Media Group promotes Bob Simone to Vice President and General Manager of WWLP-TV (NBC), EWLP (CW) and all associated digital services, including WWLP.com serving Springfield, MA. The post Nexstar Promotes Robert Simone to Vice President and General Manager of Springfield, Massachusetts Tele…

Nexstar Media Group 2018 Third Quarter Financial Results Webcast

Nexstar Media Group, Inc. (NASDAQ: NXST) is hosting a conference call and webcast at 10:00 a.m. ET on Thursday, November 8, 2018 to review its 2018 third quarter financial results. The post Nexstar Media Group 2018 Third Quarter Financial Results Webcast appeared first on Nexstar Media Group, Inc..

Nexstar Media Group to Report 2018 Third Quarter Financial Results, Host Conference Call and Webcast on November 8

Nexstar Media Group will report its 2018 third quarter financial results before the market opens on Thursday, November 8, 2018 and host a conference call and webcast at 10:00 a.m. ET that morning. The post Nexstar Media Group to Report 2018 Third Quarter Financial Results, Host Conference Call and W…

Nexstar Media Group Goldman Sachs Communacopia Conference Presentation

Nexstar Media Group EVP and CFO, Thomas Carter, is participating in the Goldman Sachs 27th Annual Communacopia Conference on Wednesday, September 12, 2018. The post Nexstar Media Group Goldman Sachs Communacopia Conference Presentation appeared first on Nexstar Media Group, Inc..

Nexstar Media Group Benchmark Company Conference Presentation

Nexstar Media Group, Inc. EVP and CFO, Thomas Carter, is participating in the Benchmark Company Media, Entertainment and Internet Conference on September 6, 2018. The post Nexstar Media Group Benchmark Company Conference Presentation appeared first on Nexstar Media Group, Inc..
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Nexstar Frequently Asked Questions

  • When was Nexstar founded?

    Nexstar was founded in 1996.

  • Who are Nexstar key executives?

    Nexstar's key executives are Perry Sook, Brett Jenkins and Blake Russell.

  • How many employees does Nexstar have?

    Nexstar has 8,249 employees.

  • What is Nexstar revenue?

    Latest Nexstar annual revenue is $2.8 b.

  • What is Nexstar revenue per employee?

    Latest Nexstar revenue per employee is $335.4 k.

  • Who are Nexstar competitors?

    Competitors of Nexstar include Fox News, France 24 and Sinclair Broadcast Group.

  • Where is Nexstar headquarters?

    Nexstar headquarters is located at 545 E John Carpenter Fwy #700, Irving.

  • Where are Nexstar offices?

    Nexstar has offices in Irving, Albany, Albuquerque, Alexandria and in 61 other locations.

  • How many offices does Nexstar have?

    Nexstar has 65 offices.