Nexstar Media Group Inc
NXST: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $558.00 | Lqhq | Sdtytmvd |
Retransmission Revenue Is Under Pressure at Nexstar Due to Secular Pay TV Decline
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Business Strategy and Outlook
Nexstar is the largest television station owner/operator in the United States, with stations in 116 markets. Of its 199 full-power stations, 155 are affiliated with the four national broadcasters: CBS, Fox, NBC, and ABC. The firm has networks in 12 of the Top 20 television markets and reaches over 68% of U.S. TV households. Nexstar also owns NewsNation (formerly WGN) and 75% of The CW.