Nexstar Media Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 07:00 am EDT
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Nexstar Media Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1,245.1 million compared to USD 1,131.6 million a year ago. Net income was USD 227.5 million compared to USD 200.1 million a year ago. Basic earnings per share from continuing operations was USD 5.66 compared to USD 4.7 a year ago. Diluted earnings per share from continuing operations was USD 5.56 compared to USD 4.51 a year ago.
For the six months, sales was USD 2,455.2 million compared to USD 2,245.5 million a year ago. Net income was USD 479.1 million compared to USD 401 million a year ago. Basic earnings per share from continuing operations was USD 11.8 compared to USD 9.34 a year ago. Diluted earnings per share from continuing operations was USD 11.54 compared to USD 8.93 a year ago.
Nexstar Media Group, Inc. is a diversified media company with television broadcasting, television network and digital media assets operating in the United States. The Company produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. The Companyâs segments include Broadcast and The CW Network, LLC (The CW). The Broadcast segment includes television stations and related local websites that Company owns, operates, programs or provides sales and other services to in various markets across the United States, NewsNation, a national cable news network, two owned and operated digital multicast networks and other multicast network services, and WGN-AM, a Chicago radio station. The CW segment is a broadcast network in the United States. The other activities of the Company include digital businesses focused on the national marketplace and the management of certain real estate assets.
NEXSTAR MEDIA GROUP, INC. 
