Fox Corporation (FOX) to Acquire Stations in Seattle and Milwaukee from Nexstar Media Group (NXST) for $350 Million

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Go back to Fox Corporation (FOX) to Acquire Stations in Seattle and Milwaukee from Nexstar Media Group (NXST) for $350 Million

Nexstar Media (NXST) Reports Q3 Loss of $0.13, Revenues Beat

November 6, 2019 7:16 AM EST

Nexstar Media (NASDAQ: NXST) reported Q3 EPS of ($0.13), versus $2.12 reported last year. Revenue for the quarter came in at $663.58 million versus the consensus estimate of $650.21 million.

Net Revenue Drives 3Q Operating Income of $121.6 Million, BCF of $202.6 Million, Adjusted EBITDA of $143.5 Million and Free Cash Flow of $59.5 Million

CEO Comment

Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Media Group, Inc. commented, Our active third quarter and recent strategic initiatives have positioned Nexstar for its next free cash flow growth cycle and significant near-term leverage reduction. In connection with completing the... More