Nexstar Media Group Inc
NXST: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $R% | LOCK|yQn | LOCK|Y>@^qJT |
Nexstar Earnings: Advertising Woes and Slowing Distribution Growth Are Disappointing Yet Expected
Nexstar's first-quarter results were unsurprising, with revenue falling 4% on decreased political revenue and general advertising softness. Excluding political advertising, revenue was down 1.4% as the advertising decline outstripped minimal distribution revenue growth.
