Nexstar Media Group, Inc. (NXST)
Nexstar Media Group, Inc. operates in the Broadcasting industry of the Communication Services sector, headquartered in Irving, TX, US. The stock last traded at $185.14, up 0.31% on the session, giving a market capitalisation of $5.65B. On trailing twelve-month figures it carries a trailing P/E of 31.54, a net margin of 2.7%. Its beta of 0.89 implies it has historically moved less than the broad market.
Nexstar Media Group, Inc. is a diversified U.S. media corporation focused on broadcast television and digital content. The company specializes in the strategic acquisition, development, and management of local television stations, along with operating interactive community-focused websites and a variety of digital media services. It provides no-cost programming to television viewers across the nation. By the end of 2020, Nexstar directly owned, operated, programmed, or offered sales and other services to 198 television stations. Furthermore, it extended sales, programming, and other support through local service agreements to an additional 37 independent power television stations. The company also furnishes advanced video and display advertising solutions, which can be deployed both locally and nationally across its own digital platforms and various third-party websites and mobile applications. Nexstar is also the proprietor of WGN America, a national cable channel featuring general entertainment. Its broad network of stations is affiliated with major broadcast networks such as ABC, NBC, FOX, CBS, The CW, and MyNetworkTV, among others. Originally known as Nexstar Broadcasting Group, Inc., the company adopted its current name, Nexstar Media Group, Inc., in January 2017. Founded in 1996, its corporate headquarters are located in Irving, Texas.
Nexstar Media Group, Inc. is most often compared with the following Communication Services names: