Nexstar Broadcasting (NXST) Misses Q1 EPS by 1c

Nexstar Broadcasting First Quarter Net Revenue Rises 52.0% to a Record $203.4 Million

May 7, 2015 7:04 AM EDT

Net Revenue Growth Drives Record 1Q Operating Income of $37.9 Million up 36.8%, Adjusted EBITDA of $64.0 Million up 52.1%, and Free Cash Flow of $43.0 Million up 70.1%

Nexstar to Launch Lafayette, Louisianas First NBC Affiliate and Waco, Texas First Stand-alone MyNetworkTV Affiliate on July 1 Through Efficient Spectrum Re-Allocations

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported record financial results for the first quarter ended March 31, 2015 as summarized below.

           

Summary 2015 First Quarter Highlights

 

($ in thousands)

Three Months EndedMarch 31,

  2015         2014       Change Local Revenues $ 84,524       $ 65,642 +28.8% National Revenues... More