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

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

Nexstar Media Group Reports Second Quarter Net Revenue of $649.0 Million

August 7, 2019 7:04 AM EDT

Net Revenue Drives 2Q Operating Income of $149.9 Million, Net Income of $70.7 Million, BCF of $227.5 Million,
Adjusted EBITDA of $197.0 Million and Free Cash Flow of $85.8 Million

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported financial results for the second quarter ended June 30, 2019 as summarized below.

 

Summary 2019 Second Quarter Highlights

 

 

 

Three Months Ended June 30,

 

 

 

 

 

 

Six Months Ended June 30,

 

 

 

 

 

($ in thousands)

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CBS and Nexstar Media Group Renew Affiliation Agreements

August 6, 2019 9:15 AM EDT

NEW YORK and IRVING, Texas, Aug. 6, 2019 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) and Nexstar Media Group, Inc. (Nasdaq: NXST) today announced a multi-year agreement that renews CBS network affiliations for Nexstar stations, in fifteen markets that reach approximately 5% of the U.S. audience and nearly six million households. The new agreement extends all CBS/Nexstar affiliation agreements related to a total of 19 stations that were set to expire this year.

Nexstar is the largest independent operator of CBS affiliates, covering 13% of the U.S. and serving more... More