Nexstar unsurprisingly reported excellent results, driven by record political advertising. Results include Tegna, which Nexstar acquired earlier this year. However, the merger is being challenged, and an injunction prevents Nexstar from integrating or influencing Tegna's operations.
Owning Tegna gives Nexstar even more negotiating power over pay-TV distributors, which will be unable to do without the size and scale the firm brings.
Advertising spending is increasingly being diverted from broadcast and traditional media to digital methods of delivery, threatening Nexstar’s advertising revenue.
Metric | NXST | FOXA | AMCX |
|---|---|---|---|
Price/Earnings (Normalized) | 11.22 | 10.43 | 13.89 |
Price/Book Value | 2.58 | 2.28 | 0.41 |
Price/Sales | 0.94 | 1.62 | 0.18 |
Price/Cash Flow | 4.77 | 7.33 | 0.41 |
Metric | NXST | FOXA | AMCX |
|---|---|---|---|
Quick Ratio | 1.14 | 3.37 | 1.43 |
Current Ratio | 1.26 | 3.79 | 1.90 |
Interest Coverage | 1.78 | 7.39 | −0.36 |
Metric | NXST | FOXA | AMCX |
|---|---|---|---|
Return on Assets (Normalized) | 4.97% | 12.46% | 0.43% |
Return on Equity (Normalized) | 33.45% | 23.88% | 1.74% |
Return on Invested Capital (Normalized) | 10.12% | 15.54% | 4.03% |
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