Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

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


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Nexstar Media : Charitable Foundation, WXIN-TV, and WTTV-TV Donate $10,000 To Food Banks Serving Indianapolis and Central Indiana

12/04/2020 | 05:35pm EST

IRVING, TX (Dec. 4, 2020) - The Nexstar Media Charitable Foundation announced today it will donate $5,000 each to two food banks serving Indianapolis and central Indiana, on behalf of WXIN-TV FOX59 and WTTV-TV CBS4, the Nexstar Inc. local television stations serving the area. The Foundation will donate $5,000 to Gleaners Food Bank of Indiana and another $5,000 to Midwest Food Bank of Indiana. The donations are part of the television stations' 'Pack the Pantries' project, conducted annually to help local food pantries stock their shelves. The donations will be used to help each food bank continue providing vitally needed food and supplies to needy families and fight food insecurity throughout central Indiana.

  • Gleaners Food Bank of Indiana: On a yearly basis, hundreds of thousands of hungry Hoosiers depend on food and other critical grocery products provided by Gleaners Food Bank of Indiana. Gleaners supplies items to hunger relief agencies and schools throughout 21 counties in central and southeastern Indiana.

'Over the years - and certainly in the past few months - many partners have come forward to help us serve hungry Hoosiers,' said John Elliott, President/CEO of Gleaners Food Bank of Indiana. 'It would be difficult to find a more loyal and impactful partner than Fox59 and their ongoing efforts to Pack the Pantries. In 2020 alone, the two Pack the Pantries initiatives have helped us to provide nearly a million meals. These events highlight our mission and bring the community together.'

  • Midwest Food Bank of Indiana: Midwest Food Bank currently distributes over $23 million worth of food to over 2,000 non-profits each month. They stand ready for disaster relief efforts and can get food-filled relief boxes to those in need, within 24 hours. Nearly $280 million worth of food was distributed in 2019. Midwest Food Bank of Indianapolis provides food to over 300 agency partners in over 70 counties in Indiana.

'Many thanks to Fox59 and Nexstar Broadcasting, as they once again provide timely support for Midwest's mission to bridge the gap between prosperity and poverty in our community,' John Whitaker, Executive Director Midwest Food Bank Indiana Division. 'This year's Pack the Pantries event was truly one to remember. Through their efforts they have once again provided a way for us to step up and help record numbers of Hoosiers facing food insecurity in our community during this lingering pandemic. Their wonderful gift of $5000 will be used to purchase much needed protein items such as canned meat and peanut butter which are in short supply in most pantries we serve. Please accept our heartfelt thanks on behalf of those we serve who will receive nourishment and a measure of hope through your generous gift.'

Commenting on the donations, Dominic Mancuso, Vice President and General Manager of FOX59 and CBS4 said, 'The economic impact of the COVID19 pandemic has hit Indiana hard, and some people who never worried about putting food on the table, are now finding themselves visiting a food pantry for the first time. The Pack the Pantries project has been active for a few years now, but in 2020 we saw the need rise to an unprecedented level. We doubled down on our efforts to help hungry Hoosiers, holding an emergency food drive in April, and another in June, and raised $340k to support Gleaners Food Bank of Indiana and Midwest Food Bank of Indiana. Giving back to the local communities served by Nexstar in 115 markets across the country is core to the company's mission and we are proud to make this donation of $10,000 on behalf of FOX59 and CBS4, Nexstar Media Group, and all of Nexstar's 13,000 employees.'

The Nexstar Media Charitable Foundation's mission is to contribute to and work with public charities and non-profit organizations to improve the communities in which Nexstar Media Group Inc. and its subsidiaries do business. The foundation was originally established in 1958 and it makes donations of approximately $350,000 annually.


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.

Nexstar Media Contact:
Gary Weitman
EVP & Chief Communications Officer


Nexstar Media Group Inc. published this content on 04 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 December 2020 22:34:02 UTC

© Publicnow 2020
01/21NEXSTAR MEDIA : and Feeding America® Announce Partnership Valued at $2 Million t..
01/19INSIDER TRENDS : Nexstar Media Group Insider Exercises Option/Derivative Securit..
01/19NEXSTAR MEDIA : Cable Network, WGN America, Names Jonathan Killian Vice Presiden..
01/19INSIDER TRENDS : Insider at Nexstar Media Group Acquires Stock Via Option/Deriva..
01/14NEXSTAR MEDIA : Says its Cable Network, WGN America, to be Carried by Live Strea..
01/14NEXSTAR MEDIA : Cable Network, WGN America, Reaches Carriage Agreement With Vidg..
01/05NEXSTAR MEDIA : 2020 Fourth Quarter Financial Results Webcast
01/05NEXSTAR MEDIA : to Report 2020 Fourth Quarter Financial Results, Host Conference..
01/05NEXSTAR MEDIA : Award-Winning Journalist Ashleigh Banfield to Join Nexstar Media..
01/04NEXSTAR MEDIA : Renews Affiliate Deals With NBC Television Network for 33 Market..
More news
Financials (USD)
Sales 2020 4 433 M - -
Net income 2020 761 M - -
Net Debt 2020 7 151 M - -
P/E ratio 2020 6,58x
Yield 2020 2,00%
Capitalization 4 757 M 4 757 M -
EV / Sales 2020 2,69x
EV / Sales 2021 2,63x
Nbr of Employees 14 891
Free-Float 89,6%
Duration : Period :
Nexstar Media Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NEXSTAR MEDIA GROUP, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 10
Average target price 128,80 $
Last Close Price 108,00 $
Spread / Highest target 34,3%
Spread / Average Target 19,3%
Spread / Lowest Target 6,48%
EPS Revisions
Managers and Directors
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
1st jan.Capitalization (M$)
DISCOVERY, INC.24.59%23 857
TEGNA INC.12.40%3 449