Nexstar Broadcasting (NXST) Misses Q2 EPS by 7c

Nexstar Broadcasting Second Quarter Net Revenue Rises 19.4% to a Record $262.0 Million

August 9, 2016 7:04 AM EDT

Net Revenue Growth Drives Record 2Q Operating Income of $64.0 Million, BCF of $103.2 Million and Adjusted EBITDA of $90.2 Million

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported record financial results for the second quarter ended June 30, 2016 as summarized below.

             

Summary 2016 Second Quarter Highlights

  Three Months Ended June 30,   Six Months Ended June 30, ($ in thousands) 2016       2015 Change   2016   2015 Change Local Revenue $ 97,608 $ 93,991 +3.8 % $ 191,375   $ 178,515 +7.2 % National Revenue $ 35,877 $ 38,793 (7.5 )% $ 71,327 $ 74,371 (4.1 )% Core Revenue $ 133,485 $ 132,784 +0.5 % $ 262,702 $ 252,886 +3.9 %   Political Revenue $ 11,257 $ 1,906... More