Trade Nexstar Media Group Inc - NXST CFD

Nexstar Media Group, Inc. Company profile

About Nexstar Media Group Inc

Nexstar Media Group, Inc. (Nexstar) is a television broadcasting and digital media company focused on the acquisition, development and operation of television stations and interactive community websites and digital media services throughout the United States. The Company's segment includes Broadcast and Other. The Broadcast segment includes television stations and related community focused websites that Nexstar owns, operates, programs or provides sales and other services in various markets across the United States; NewsNation, a live daily national newscast and a national general entertainment cable network, digital multicast network services; and WGN-AM, a Chicago radio station. The other segment activities include corporate functions; the management of certain real estate assets, including revenues from leasing certain owned office and production facilities; and digital businesses.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Nexstar Media Group Inc revenues increased 3% to $4.65B. Net income increased 3% to $834.6M. Revenues reflect Broadcasting segment increase of 3% to $4.53B, Other segment increase of 26% to $114.6M. Net income also reflects Income (loss) on equity investments, net increase of 78% to $124.6M (income), Interest expense, net decrease of 16% to $282.7M (expense).

Equity composition

Common Stock A $.01 Par, 04/11, 100M auth., 15,038,839 issd. Insiders control 3.66%. Class B Common Stock, $.01 Par, 20M auth., 13,411,588 issd. Class C Common Stock, $.01 Par, 5M auth., none issd. Insiders control 100%- CL.B & CL.C. IPO: 11/25/03, 10M shares @ $14 by Banc of America Securities.