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The Latest Breaking News from Nexstar Media

FCC Secretary threatens to pull broadcaster licenses over Iran war coverage

Federal Communications Commission (FCC) Secretary Brendan Carr is demanding that every broadcaster fall in line with the Trump administration stance regarding the Iran war. Doing otherwise may risk their license to operate as media companies.

Tegna Stock Soars Over 30% In After-Hours As Nexstar Nears Acquisition Deal, Raising Stakes For FCC Deregulation Fight: Report

Tegna Stock Soars Over 30% In After-Hours As Nexstar Nears Acquisition Deal, Raising Stakes For FCC Deregulation Fight: Report

Nexstar Media Group Inc. (NASDAQ:NXST) is reportedly in advanced discussions to acquire fellow television broadcaster Tegna Inc. (NYSE:TGNA).

Nexstar’s KHON2 Raises $1.187M for Hawaii Wildfire Relief Efforts

Nexstar’s KHON2 Raises $1.187M for Hawaii Wildfire Relief Efforts

KLAS-TV in Las Vegas raised an additional $134,253 and the Nexstar Media Charitable Foundation donated $20,000 to the effort

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Nexstar Nears Deal To Snap Majority Control In CW Network: WSJ

Nexstar Media Group, Inc (NASDAQ:NXST) is on the verge of acquiring majority control of the CW Network from Warner Bros. Discovery, Inc (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA), the Wall Street Journal reports. The leading owner of local television stations would acquire 75% of the CW, a broadcast network aimed primarily at teens and young adults, with…

Nexstar Media Tops Q1 Backed By Advertising, Distribution Revenue Growth

Nexstar Media Group, Inc (NASDAQ:NXST) reported a first-quarter FY22 net revenue growth of 8.6% year-on-year to $1.21 billion, beating the consensus of $1.19 billion. Revenues from Total Television Advertising rose 8.3% Y/Y to $451.8 million, comprising Core Advertising revenue that climbed 4% Y/Y to $428.1 million and a 338.9% growth in Political Advertising…

Nexstar Media Tops Q4 Consensus; Expects To Gain From Political Advertising

Nexstar Media Group Inc (NASDAQ:NXST) reported a fourth-quarter FY21 net revenue decline of 9.5% year-on-year to $1.25 billion, beating the consensus of $1.23 billion. Revenues from Total Television Advertising declined 33.6% Y/Y to $512.8 million, comprising Core Advertising revenue that climbed 4.3% Y/Y to $493.9 million, partially offset by a 93.7% decline in…

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