NXST Nexstar Broadcasting Group, Inc. featured news, full reports, and detailed charts
Nexstar Broadcasting Group, Inc. (NXST) Wrap Up:
We are a television broadcasting company focused exclusively on the acquisition, development and operation of television stations in medium-sized markets in the United States, primarily markets that rank from 50 to 175, as reported by A.C. Nielsen Company. As of December 31, 2007, we owned and operated 32 stations, and provided sales or other services to an additional 17 stations that are owned by Mission and other entities. In 17 of the 29 markets that we serve, we own, operate, program or provide sales and other services to more than one station. We refer to these markets as duopoly markets. We have more than doubled the size of our portfolio since January 1, 2003, having acquired 18 stations and begun providing services to 11 additional stations. The stations that we own, operate, program or provide sales and other services to are in markets located in New York, Pennsylvania, Illinois, Indiana, Missouri, Texas, Louisiana, Arkansas, Alabama, Montana and Maryland. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f11%2f0001193125-08-052568.html#FIS_BUSINESS"Nexstar Broadcasting Group Inc. (NXST:NASDAQ)
Snapshot of Nexstar Broadcasting Group Inc. (NXST)
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OPEN
$3.10
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PREVIOUS CLOSE
$3.10
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DAY HIGH
$3.30
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DAY LOW
$3.01
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52 WEEK HIGH
09/22/09 - $3.74
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52 WEEK LOW
11/20/08 - $0.48
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MARKET CAP
86.7M
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AVERAGE VOLUME 3 mo
27.4K
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DILUTED EPS TTM
$-1.23
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SHARES OUTSTANDING
28.4M
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NXST Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
NXST Top Compensated Officers
Executives, Board Directors
Key developments for Nexstar Broadcasting Group Inc. (NXST)
Nexstar Broadcasting Group Inc. announced that they will report Q3, 2009 results before the start of trading on November 11, 2009.
Nexstar Broadcasting Group Inc., Q3 2009 Earnings Call, Nov 11 2009
Nexstar Broadcasting Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net revenue totaled $62.2 million, a 12.0% decline from the company's record second quarter revenue of $70.6 million in the comparable period of 2008. The lower net revenue reflects the overall downturn in advertising spending due to the impact of the current economic recession as well as a $2.8 million or 77.0% reduction in gross political spending in a non-election year. The company reported income from operations of $9.0 million, compared with $16.2 million in the quarter ended June 30, 2008. Adjusted EBITDA totaled $16.4 million for the second quarter of 2009, compared with $24.8 million in the second quarter of 2008. Free cash flow in the quarter ended June 30, 2009 was $5.0 million, compared with $11.1 million in the comparable period of 2008. Net loss was $1.2 million or $0.04 per basic and diluted share compared to net income of $3.9 million or $0.14 per basic and diluted share for the same quarter a year ago. Income before income taxes was $149,000 compared to loss before income taxes of $5.5 million for the same quarter a year ago. Capital expenditures were $6.2 million compared to $3.7 million for the same quarter a year ago. For the six months, the company reported net income of $4.8 million or $0.17 per basic and diluted share on net revenue of $117.6 million compared to net loss of $11.5 million or $0.40 per basic and diluted share on net revenue of $134.3 million for the same period a year ago. Income from operations was $7.7 million compared to $16.4 million for the same period a year ago. Income before income taxes was $7.6 million compared to loss before income taxes of $8.1 million for the same period a year ago. Free cash flow was $1.5 million compared to $15.5 million for the same period a year ago. Capital expenditures were $9.4 million compared to $7.9 million for the same period a year ago. Adjusted EBITDA was $23.9 million compared to $42.9 million for the same period a year ago. The company's total net debt at June 30, 2009 was $658.5 million.
NXST Competitors
| Company | Last | Change |
| ACME Communications Inc | $0.31 USD | 0.00 |
| Gray Television Inc | $1.29 USD | -0.11 |
| Lin TV Corp | $4.29 USD | -0.01 |
| Media General Inc | $9.46 USD | -0.20 |
| Sinclair Broadcast Group Inc | $3.66 USD | +0.09 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | NXST | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.3x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | 2.5x |
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| TEV/Sales | NM | Not Meaningful |
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NXST |
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NXST transactions
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Target | |
| No transactions in the last 6 months. | ||