Wedbush Raises Price Target on Nexstar Broadcasting (NXST) to $66
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Nexstar Broadcasting Third Quarter Net Revenue Rises 23.6% to a Record $275.7 Million
November 8, 2016 7:04 AM ESTNet Revenue Growth Drives Record 3Q Operating Income of $72.9 Million, BCF of $109.9 Million, Adjusted EBITDA of $98.2 Million and Free Cash Flow of $58.5 Million
IRVING, Texas--(BUSINESS WIRE)-- Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported record financial results for the third quarter ended September 30, 2016 as summarized below.
ÂSummary 2016 Third Quarter Highlights
        ÂThree Months EndedSeptember 30,
Nine Months EndedSeptember 30,
($ in thousands) 2016 Â Â 2015 Change 2016 Â Â 2015 Change Local Revenue $ 94,878 $ 88,018 +7.8% $ 286,253 $ 266,533 +7.4% National Revenue $ 36,522 $ 37,899 (3.6)% $ 107,849 $ 112,270... More
