CBS, Nexstar to renew affiliation agreement in multi-year deal

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Go back to CBS, Nexstar to renew affiliation agreement in multi-year deal

Nexstar Media (NXST) Tops Q2 EPS by 2c, Revenues Miss

August 7, 2019 7:09 AM EDT

Nexstar Media (NASDAQ: NXST) reported Q2 EPS of $1.42, $0.02 better than the analyst estimate of $1.40. Revenue for the quarter came in at $649.01 million versus the consensus estimate of $653.08 million.

CEO Comment

Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Media Group, Inc. commented, Nexstars second quarter results reflect our ongoing progress in leveraging the viewership and reach of our leading local broadcast platform to generate continued double-digit distribution revenue growth. Nexstars second quarter net revenue, excluding political, increased 2.7% compared to the prior year period. Overall, second quarter broadcast cash flow and... More