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Nexstar Media Group Inc Class A - Stock Quote NXST

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Morningstar's Nexstar Media Group Inc Class A Stock Analysis

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Political Advertising Will Help Nexstar Weather Ongoing Ad Shift to Digital; Raising FVE to $175

Neil Macker, CFA Senior Equity Analyst

Business Strategy and Outlook

| Neil Macker, CFA |

Nexstar is the largest television station owner/operator in the United States, with 199 stations in 116 markets. Of its 199 full-power stations, 155 are affiliated with the four national broadcasters: CBS (49), Fox (42), NBC (35), and ABC (29). The firm has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households.

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Key Statistics - NXST

Nexstar Media Group Inc Class A's Company Profile

Business Description

Nexstar is the largest television station owner/operator in the United States, with 199 stations in 116 markets. Of its 199 full-power stations, 155 are affiliated with the four national broadcasters: CBS (49), Fox (42), NBC (35), and ABC (29).he 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for 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), a nationwide pay-television network, and a 31% stake in Food Network and Cooking Channel.

Contact
545 E. John Carpenter Freeway, Suite 700
Irving, TX, 75062
T +1 972 373-8800
Industry Entertainment
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Aggressive Growth
Employees 12,473