Nexstar

Nexstar Media Group Reports Record First Quarter Net Revenue of $1.28 Billion

Retrieved on: 
Giovedì, Maggio 9, 2024
Advertising, Entertainment, Digital Marketing, Communications, TV and Radio, Online, Media, Sale, ATSC 3.0, The CW, Broadcast Music, Inc., Investment, Nexstar, Policy, Advertising revenue, BMI, Hand, Nielsen, Growth, Public expenditure, KAZT-TV, Food Network, Television, CW, Comscore, Atmosphere, Nextgen, MVPD

Net Income margin is Net Income as a percentage of Net Revenue.

Key Points: 
  • Net Income margin is Net Income as a percentage of Net Revenue.
  • Adjusted EBITDA margin is Adjusted EBITDA as a percentage of Net Revenue.
  • Record first quarter net revenue of $1.28 billion, increased by $27 million, or 2.1%, reflecting growth in distribution revenue, partially offset by a slight decline in advertising and other revenue.
  • Approximately 59% of Nexstar’s first quarter revenue was derived from distribution revenue.

Agital Gains Competitive Edge with Appointment of Daniel Street to Board of Directors

Retrieved on: 
Martedì, Aprile 23, 2024
Nexstar, AI, Bain & Company, Daniel's, Daniel, M&A, Acquisition, KKR, Growth, Management

BURLINGTON, Mass., April 23, 2024 (GLOBE NEWSWIRE) -- Agital , the agency delivering measurable business results to marketers and business leaders, announced today the appointment of Daniel Street to the company’s board of directors.

Key Points: 
  • BURLINGTON, Mass., April 23, 2024 (GLOBE NEWSWIRE) -- Agital , the agency delivering measurable business results to marketers and business leaders, announced today the appointment of Daniel Street to the company’s board of directors.
  • I see my role as not just a board member but as a partner and support for the team,” said Daniel Street.
  • Daniel’s proven track record in leadership, creating high-performing cultures, and driving growth makes him a valuable addition to the Agital board.
  • "Daniel brings a wealth of leadership, growth strategy and tactical planning knowledge to Agital,” said Jeff Reynolds, CEO of Agital.

Nexstar Television Stations in Chicago, Norfolk, and Lafayette, LA, to Become Affiliated With The CW Network on September 1

Retrieved on: 
Mercoledì, Maggio 1, 2024
Marketing, Advertising, Entertainment, Communications, TV and Radio, General Entertainment, Media, Household, ACC, Nexstar, Media Group, The CW, Golf, DMA, CW, NXT, NXST, Nexstar Media Group, LIV Golf, Television

Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that its owned and operated television stations in Chicago, Illinois (DMA #3), Norfolk, Virginia (DMA #43), and Lafayette, Louisiana (DMA #125), will become affiliates of The CW Network on September 1, 2024.

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that its owned and operated television stations in Chicago, Illinois (DMA #3), Norfolk, Virginia (DMA #43), and Lafayette, Louisiana (DMA #125), will become affiliates of The CW Network on September 1, 2024.
  • All three stations will begin carrying the network’s primetime entertainment, live sports, and special event programming at that time.
  • “The addition of these Nexstar-owned stations as affiliates—two of which are among the country’s Top-50 largest markets, highlighted by Chicago, at #3—will bring the number of Nexstar-owned CW stations to 42, covering more than 36% of U.S. TV Households,” said Andrew Alford, president of Nexstar’s broadcasting division.
  • The fully ad-supported CW App, with more than 96 million downloads to date, is available for free to consumers.

Nexstar Media Group to Participate in Upcoming Investor Conferences

Retrieved on: 
Mercoledì, Aprile 17, 2024
Marketing, Entertainment, Communications, TV and Radio, Online, Media, NXST, Nexstar Media Group, JPMorgan Chase, Media Group, Conference, Nexstar, Hotel

Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in two institutional investor conferences in May:

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in two institutional investor conferences in May:
    Location: The Hilton Midtown – New York, NY
    JPMorgan 52nd Annual Global Technology, Media and Communications Conference
    Location: The Westin Boston Seaport District – Boston, MA
    Please contact your MoffettNathanson and JPMorgan sales representative to register for the conferences and to request meetings with Nexstar management.

Akta is Pioneering the Future of AI Powered Converged Video

Retrieved on: 
Mercoledì, Aprile 10, 2024
Online, Cloud, Metadata, TelevisaUnivision, NAB Show, Smart TV, News, Fox, Nexstar, Android, AI, VOD, FAST, Growth, Artificial intelligence, Workflow, CBS, Animation, Motion, TvOS, Android TV, Synthetic media, OTT, Commercial software, Generative, Distribution, NAB, Algorithm, IOS, Video game

MIAMI, April 10, 2024 /PRNewswire-PRWeb/ -- Akta, a leading video platform provider, will showcase its latest innovations for unifying streaming video, monetization and broadcast workflows in the cloud using artificial intelligence at the 2024 NAB Show in Las Vegas.

Key Points: 
  • "Akta is showcasing innovative solutions that enable both the technical and business principals to deliver world class monetizable video experiences while reducing cost."
  • Alper Turgut, Chairman
    Our advanced technology uses AI to unify three worlds that were traditionally separate: Online Video Streaming, Monetization/Advertising and Broadcast.
  • We're innovating broadcast playout and FAST channel creation while helping monetize, syndicate and deliver video to any screen including traditional broadcast.
  • Automate Video Editing / Summarization/ Metadata with AI - using our advanced video processing capabilities, Akta customers can leverage Generative AI to analyze video content and generate relevant metadata, automatically edit clips based on understood triggers and behaviors, and create summaries of video on the fly.

Nexstar Media Releases Statement on FCC Ruling Regarding Its Relationship With WPIX-TV

Retrieved on: 
Giovedì, Marzo 21, 2024
Marketing, Entertainment, Communications, TV and Radio, Media, Publishing, Local marketing agreement, LMA, Media Group, FCC, Mission Broadcasting, WPIX-TV, Nexstar Media Group, Noise, News, Nexstar

Nexstar Media Group, Inc. (Nasdaq: NXST), today released the following statement from its Chairman and Chief Executive Officer, Perry Sook, about the FCC’s action regarding the Company’s relationship with WPIX-TV in New York City:

Key Points: 
  • Nexstar Media Group, Inc. (Nasdaq: NXST), today released the following statement from its Chairman and Chief Executive Officer, Perry Sook, about the FCC’s action regarding the Company’s relationship with WPIX-TV in New York City:
    “We are extremely disappointed in today’s action by the Federal Communication Commission regarding our relationship with WPIX-TV and we intend to dispute it vigorously.
  • We believe the FCC has been misled by the often distracting noise in the media ecosphere and that it has completely misjudged the facts.
  • The facts are that Nexstar has always complied with FCC regulations and that its relationship with WPIX-TV under a Local Marketing Agreement (LMA) was approved by the FCC in 2020, when WPIX-TV was purchased by Mission Broadcasting, Inc. Nexstar believes that joint operating, shared service, and local marketing agreements like those in which it is engaged are vitally important to maintain a competitive media marketplace and to enable broadcasters to continue investing in local news, investigative journalism, and other services that they uniquely provide to the communities in which they are located.”

Gray Television Partners with Leading Broadcasters to Bring Cleveland Cavaliers Games Back to Free Over-The-Air Television Across Ohio

Retrieved on: 
Venerdì, Marzo 1, 2024
Television, Senior, Atmosphere, Gray Television, WHIO, WXIX, Cleveland Cavaliers, Bally Sports, NBC, Nexstar, Cox Media Group, Cavalier, CBS

“We are excited to share that in addition to airing these five games on Gray’s WUAB in Cleveland and WXIX in Cincinnati, Gray has partnered with local television broadcasters to expand the coverage of Cavaliers basketball throughout the region.

Key Points: 
  • “We are excited to share that in addition to airing these five games on Gray’s WUAB in Cleveland and WXIX in Cincinnati, Gray has partnered with local television broadcasters to expand the coverage of Cavaliers basketball throughout the region.
  • This is a significant victory for the Cavaliers and sports fans throughout the region,” said Matt Moran, Senior Managing Vice President for Gray Television.
  • Serena Winters and Cayleigh Griffin will remain as sideline reporter and co-host of Cavaliers Live, respectively.
  • More information about these games and how to access the games in your market can be found on cavs.com/broadcast and cleveland19.com/free.

Nexstar Media Names Chris Pruitt as Vice President and General Manager of Its Springfield, Missouri Broadcast and Digital Operations

Retrieved on: 
Lunedì, Febbraio 19, 2024
Technology, Entertainment, Marketing, Advertising, Communications, Media, Audio, Video, General Entertainment, TV and Radio, Social Media, CW, Senior, Poverty, FOX, KMVT-TV, Caritas, News, KOLR-TV, ID, DMA, KOZL-TV, KSVT, Nature, Nexstar Media Group, KIAH-TV, Houston Food Bank, Nexstar, KIAH, MyNet, Midwestern State University, Media Group, CBS, Cancer, Hunger, Television

Nexstar Media Group, Inc. (Nasdaq: NXST), announced today that it has named Chris Pruitt as Vice President and General Manager of its broadcast and digital operations in Springfield, Missouri (DMA #73), responsible for the long range planning and day-to-day operations of KRBK-TV (FOX), KOZL-TV (MyNet), Ozarksfirst.com, and their related digital and social media channels.

Key Points: 
  • Nexstar Media Group, Inc. (Nasdaq: NXST), announced today that it has named Chris Pruitt as Vice President and General Manager of its broadcast and digital operations in Springfield, Missouri (DMA #73), responsible for the long range planning and day-to-day operations of KRBK-TV (FOX), KOZL-TV (MyNet), Ozarksfirst.com, and their related digital and social media channels.
  • In his new role, he will also oversee Nexstar’s operational agreements with Mission Broadcasting, Inc., to provide services for KOLR-TV (CBS).
  • Mr. Pruitt will assume his new responsibilities immediately and report to Mike Vaughn, Senior Vice President and Regional Manager for Nexstar’s broadcasting division.
  • I am just as happy to be joining our broadcast and digital teams in Springfield, and look forward to forging a deep relationship with the community.

Innovid Reports Q4 and Fiscal Year 2023 Financial Results

Retrieved on: 
Martedì, Febbraio 27, 2024
Acquisition, Risk, Annual report, Free cash flow, Telephone, Digital, Growth, Entrepreneurship, Adjustment, Advertising, GAAP, Rain, CTV, Webcast, Nexstar, Public expenditure, Tax, Intellectual property, The Walt Disney Company, FY, PetSmart, Bank statement, Failure, Depreciation

"We're very proud to close out a transformational year at Innovid and exit 2023 with solid business momentum.

Key Points: 
  • "We're very proud to close out a transformational year at Innovid and exit 2023 with solid business momentum.
  • The Company will host a conference call and webcast to discuss fourth quarter and full year 2023 financial results today at 8:30 a.m. Eastern Time.
  • Innovid also discloses and discusses non-GAAP financial measures such as Adjusted EBITDA,  Adjusted EBITDA margin percent and Free Cash Flow.
  • These forward-looking statements include, without limitation, the Company's expectations regarding its future financial results, expected growth and future market opportunity.

Nexstar Media Group to Participate in Upcoming Investor Conferences

Retrieved on: 
Giovedì, Febbraio 15, 2024
Entertainment, Sports, Other Entertainment, Technology, TV and Radio, Other Sports, Audio, Video, CFO, NXST, EVP, Deutsche Bank, Palace Hotel, Conference, Nexstar Media Group, Morgan Stanley, Nexstar, Media Group, Cryptocurrency

Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in two institutional investor conferences in March:

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in two institutional investor conferences in March:
    Location: The Palace Hotel - San Francisco, CA
    Deutsche Bank 32nd Annual Media, Internet & Telecom Conference
    Location: The Breakers - West Palm Beach, FL
    Speakers: Michael Biard, President and COO / Lee Ann Gliha, EVP and CFO
    Please contact your Morgan Stanley and Deutsche Bank sales representative to register for the conferences and to request meetings with Nexstar management.