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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Nexstar Media Group, Inc.    NXST

NEXSTAR MEDIA GROUP, INC.

(NXST)
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Nexstar Media : Cable Network, WGN America, Reaches First-Ever Carriage Agreement With YouTube TV

12/01/2020 | 07:04am EST

Agreement Makes WGN America Available to More Than 3 Million New Streaming Subscribers in 2021

Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its wholly-owned cable network, WGN America, has reached a new multi-year agreement with YouTube TV to be carried by the cloud-based streaming service beginning Jan. 19, 2021.

The agreement enables WGN America to add more than 3 million new subscribers to the national reach of the cable network, currently available in approximately 75 million television households across the United States. WGN America is the home of NewsNation, the country’s only live nationwide newscast airing in prime-time every night.

“We are extremely happy to have WGN America joining YouTube TV and we expect to continue the strategic expansion of WGN America to even more viewers in the months ahead,” said Sean Compton, President of the Networks Division of Nexstar Inc. “We look forward to bringing WGN America’s programming and NewsNation’s fact-based, unbiased reporting to YouTube TV subscribers, including coverage of the Presidential inauguration, which takes place just after our partnership begins.”

About Nexstar Media Group, Inc.
Nexstar Media Group (NASDAQ: NXST) is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Its wholly owned operating subsidiary, Nexstar Inc., consists of three divisions: Broadcasting, Digital, and Networks. The Broadcasting Division operates, programs, or provides sales and other services to 197 television stations and related digital multicast signals reaching 115 markets or approximately 39% of all U.S. television households (reflecting the FCC’s UHF discount). The division’s portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. The Digital Division operates 122 local websites and 316 mobile apps offering hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content and creating new revenue opportunities for the company. The Networks Division operates WGN America, a growing national general entertainment cable network and the home of NewsNation, multicast network Antenna TV, and WGN Radio in Chicago. Nexstar also owns a 31.3% ownership stake in TV Food Network, a top tier cable asset. For more information please visit www.nexstar.tv.


© Business Wire 2020
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More news
Financials (USD)
Sales 2020 4 433 M - -
Net income 2020 761 M - -
Net Debt 2020 7 151 M - -
P/E ratio 2020 6,66x
Yield 2020 1,97%
Capitalization 4 820 M 4 820 M -
EV / Sales 2020 2,70x
EV / Sales 2021 2,64x
Nbr of Employees 14 891
Free-Float 89,6%
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Nexstar Media Group, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends NEXSTAR MEDIA GROUP, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Average target price 128,80 $
Last Close Price 109,43 $
Spread / Highest target 32,5%
Spread / Average Target 17,7%
Spread / Lowest Target 5,09%
EPS Revisions
Managers and Directors
NameTitle
Perry A. Sook Chairman & Chief Executive Officer
Thomas E. Carter President, Chief Operating & Financial Officer
Brett E. Jenkins Chief Technology Officer & Executive VP
Irving Martin Pompadur Independent Director
Jay M. Grossman Independent Director
Sector and Competitors
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