Nexstar Media Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 02, 2021 at 07:00 am EDT
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Nexstar Media Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 1,157.01 million compared to USD 1,118.2 million a year ago. Net income was USD 169.56 million compared to USD 190.68 million a year ago. Basic earnings per share from continuing operations was USD 4.07 compared to USD 4.24 a year ago. Diluted earnings per share from continuing operations was USD 3.9 compared to USD 4.08 a year ago.
For the nine months, sales was USD 3,402.53 million compared to USD 3,124.66 million a year ago. Net income was USD 570.58 million compared to USD 447.19 million a year ago. Basic earnings per share from continuing operations was USD 13.42 compared to USD 9.87 a year ago. Diluted earnings per share from continuing operations was USD 12.84 compared to USD 9.5 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. 
