Nexstar Broadcasting Group (NXST) PT Lowered to $83 at RBC Capital

Nexstar Media Group First Quarter Net Revenue Rises 13.9% to a Record $615.3 Million

May 9, 2018 7:04 AM EDT

Net Revenue Growth Drives Record 1Q Operating Income of $117.6 Million and Net Income of $47.3 Million

BCF of $204.5 Million, Adjusted EBITDA of $181.1 Million and Free Cash Flow of $121.5 Million, Inclusive of One-Time Transaction Expenses

Repurchases 0.5 Million Shares During First Quarter

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported record financial results for the first quarter ended March 31, 2018 as summarized below.

Summary 2018 First Quarter Highlights

          Three Months Ended March 31, ($ in thousands) 2018       2017 Change Local Revenue $ 193,268 $ 178,476   +8.3 % National Revenue $ 67,045 $ 65,982 +1.6 % Core Advertising Revenue $ 260,313... More