Nexstar Media Group Inc

NXST: XNAS (USA)
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Nexstar Earnings: Encouraging Business Trends as We Await the Potential Acquisition of Tegna

Nexstar reported a good fourth quarter, with higher distribution revenue and a 5% jump in core advertising revenue (which excludes political advertising) versus last year. Management said it's on track to close its Tegna acquisition by the end of the first half, but we doubt approval will be clean.

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