Nexstar

Nexstar Media Group Reports Record First Quarter Net Revenue of $1.26 Billion

Retrieved on: 
Tuesday, May 9, 2023
TV and Radio, Technology, Other Consumer, Public Relations, Investor Relations, Marketing, General Entertainment, Advertising, Entertainment, Communications, Audio, Video, Consumer, Mission Broadcasting, Partnership, Nextgen, CW, International, Digital, Olympic Games, Food Network, The CW, MyNetworkTV, ATSC 3.0, Golf, Woman, OTT, CBS, MVPD, Nexstar, LIV Golf, EBITDA, Acquisition, NewsNation, Nexstar Media Group, Transaction, Growth, Consolidated, YouTube TV, ATSC, Adjustment, News, Food, Television, Bookkeeping, Renewable energy, Holding company, Video game, Security (finance), Beauty salon

Beginning in the fourth quarter of 2022, Nexstar defined Adjusted EBITDA and Free Cash Flow as metrics excluding transaction and one-time expenses.

Key Points: 
  • Beginning in the fourth quarter of 2022, Nexstar defined Adjusted EBITDA and Free Cash Flow as metrics excluding transaction and one-time expenses.
  • Perry A. Sook, Chairman and Chief Executive Officer of Nexstar Media Group, Inc. commented, “Nexstar’s first quarter financial results once again outperformed consensus expectations across all key financial metrics including net revenue, Adjusted EBITDA and attributable free cash flow.
  • Record first quarter net revenue of $1.26 billion increased 3.9% from the prior year quarter.
  • ‒ 66% of Nexstar’s first quarter net revenue was generated by distribution, digital and other revenue sources.

Scripps reports Q1 2023 financial results

Retrieved on: 
Friday, May 5, 2023
Berkshire Hathaway, Golden Knights, Datacasting, WNBA, KMCC, Advertising, Sport, Scripps News, Partnership, KTNV, SSP, E. W. Scripps Company, Marketing, Atmosphere, HPE, ION, Vegas Golden Knights, Sony, National Hockey League, Tax, NHL, CTV, Weakness, Katz Broadcasting, Senior ice hockey, National Hockey League on television, ATSC 3.0, Literacy, Nexstar, Acquisition, Pappas Telecasting, ABC, Growth, ATSC, Order of the White Elephant, Book, News, Total, Television, Video game, Security (finance), Music, Livestock, Scripps

Scripps will air the games on its local station KMCC, and its Las Vegas ABC affiliate KTNV will provide marketing and promotion.

Key Points: 
  • Scripps will air the games on its local station KMCC, and its Las Vegas ABC affiliate KTNV will provide marketing and promotion.
  • During the first quarter, connected TV revenue for Scripps' national networks grew 46% over Q1 2022.
  • "Despite the ongoing macroeconomic challenges, Scripps had several bright spots in our first-quarter financial results.
  • First-quarter 2023 results by segment compared to prior-period amounts:
    Revenue was $312 million, down 4.5% from the prior-year quarter.

Nexstar Names Jamie Calandruccio as Executive Vice President of Platform Monetization & Strategy

Retrieved on: 
Monday, April 10, 2023
Technology, Entertainment, Marketing, Advertising, Communications, Mobile Entertainment, Audio, Video, General Entertainment, TV and Radio, Media Group, Senior, DirecTV, Xandr, Sony Pictures Television, Forecasting, Nexstar, NXST, Social media, Operative, Sales, Management

Nexstar Media Group, Inc. (NXST: Nasdaq) today announced the appointment of Jamie Calandruccio as Executive Vice President of Platform Monetization & Strategy, responsible for developing Nexstar’s revenue management strategy for ad sales, optimizing the company’s advertising inventory, and strengthening its programmatic business.

Key Points: 
  • Nexstar Media Group, Inc. (NXST: Nasdaq) today announced the appointment of Jamie Calandruccio as Executive Vice President of Platform Monetization & Strategy, responsible for developing Nexstar’s revenue management strategy for ad sales, optimizing the company’s advertising inventory, and strengthening its programmatic business.
  • In this newly created role, Ms. Calandruccio will work closely with Nexstar’s sales team to increase revenue and serve client needs through informed, data-driven decisions, and strategic inventory analytics.
  • Ms. Calandruccio will begin her new duties immediately and report to Nexstar’s Executive Vice President and Chief Revenue Officer, Michael Strober.
  • Ms. Calandruccio and her team also created Operative’s positioning and messaging strategies, along with supporting collateral designed to drive revenue growth.

Major Broadcasters Launch NextGen TV on Six Local Television Stations in the San Francisco Bay Area

Retrieved on: 
Thursday, March 30, 2023
Technology, Mobile, Wireless, Entertainment, Telecommunications, Audio, Video, Other Entertainment, General Entertainment, Networks, TV and Radio, Television, KGO-TV, Nextgen, 2016 United States wireless spectrum auction, Fox, KDTV-DT, Great Lakes, Univision, ATSC 3.0, Antenna, CBS, NBC, Nexstar, Internet, Gulf of Mexico, ABC, MyNet, Bay, City, ATSC, KTVU, DTV, KNTV, KRON-TV, Cable television, San Francisco Bay Area

The leading television stations serving the San Francisco Bay Area have begun broadcasting with NextGen TV, a revolutionary new digital broadcast technology.

Key Points: 
  • The leading television stations serving the San Francisco Bay Area have begun broadcasting with NextGen TV, a revolutionary new digital broadcast technology.
  • NextGen TV adds a new dimension to TV viewing, with vibrant video and new Voice+ dialogue enhancement that brings voices to the foreground.
  • Launch of NextGen TV follows a decade of development and months of planning and preparation by the local stations.
  • Bay Area viewers can learn more about NextGen TV by visiting www.WatchNextGenTV.com , which offers a guide listing cities where NextGen TV is already live, as well as links to available NextGen TV set models.

Malvertising Violations Reach Three Year Peak, Says Confiant

Retrieved on: 
Tuesday, March 28, 2023
Raphaël Confiant, SSP, Container deposit legislation in the United States, Firefox, Cryptocurrency, Microsoft, MAQ, Xandr, Research, Crime, Privacy, Paramount, Gambling, Nexstar, Google Chrome, Yahoo!, Mozilla, SSPS, Update, OpenX, Entrepreneurship, Ecosystem, Media.net, Gannett, Computer security, Dietary supplement, Mobile phone, Mushroom, Magnite

NEW YORK, March 28, 2023 /PRNewswire/ -- Confiant, the Cybersecurity industry leader for ad tech, released its 2023 Malvertising & Ad Quality index (MAQ) industry benchmark report based on 2022 annualized data. The MAQ is Confiant's study of the current state of creative ad quality and ad security in the marketplace.

Key Points: 
  • One in every 140 programmatic impressions had serious security or quality violations, a 104% increase in quality violations and nearly doubling security violations over both 2020 and 2021.
  • For the worst-performer of the group, 1 in every 330 impressions was a misleading claim, which was far more than the others.
  • NEW YORK, March 28, 2023 /PRNewswire/ -- Confiant, the Cybersecurity industry leader for ad tech, released its 2023 Malvertising & Ad Quality index (MAQ) industry benchmark report based on 2022 annualized data.
  • The MAQ reports that overall ad security violations nearly doubled in 2022, being the highest since 2019, and represented a three year high point in malvertising attacks.

DIRECTV Files Conspiracy Suit Against Nation's Largest Broadcaster Nexstar, Charging Collusion with Mission and White Knight Broadcasting

Retrieved on: 
Tuesday, March 14, 2023
Nexstar Media Group, World Series, NBC, CBS, Billings, Montana, NCAA basketball tournament, DIRECTV STREAM, Consumer, City, Academy Awards, DIRECTV, ABC, Mission Broadcasting, Mission, Key, White Knight, Douglas v. U.S. District Court ex rel Talk America, FOX, White Knight Broadcasting, District court, FCC, Music, Television, Nexstar

EL SEGUNDO, Calif., March 14, 2023 /PRNewswire/ -- DIRECTV today took a stand for its customers by mounting a legal challenge in what it charges is an illegal conspiracy among three broadcasters to increase content costs for free over-the-air TV. The fees distributors pay for permission to offer their customers local broadcast stations have soared more than 5,000% in the past 17 years and is the single largest source of rising costs facing video consumers today. When any distributors resist extreme rate increases, Nexstar and other broadcast giants often act as a gateway to black out key content from consumers living within any regions they are exclusively licensed to serve, and levy far higher tolls to bring that programming back.

Key Points: 
  • The DIRECTV suit calls out in detail how Nexstar utilizes Mission and White Knight to skirt FCC station ownership caps and other federal laws through collusive retransmission consent negotiations with "sidecar" station groups that it manages.
  • "Mission and White Knight are now unlawfully coordinating with Nexstar to raise prices and extract supracompetitive retransmission consent fees from DIRECTV in 'overlap' DMAs—those markets where both Nexstar and either Mission or White Knight each own a Big-4 station," DIRECTV states.
  • "To accomplish this unlawful and anticompetitive aim, Mission and White Knight have entered into an agreement in which they have effectively relinquished decision-making authority to Nexstar."
  • Legal record of this case is available at the U.S. District Court for the Southern District of New York

Nexstar Reaches Multi-year Agreement With Youtube TV for Launch of 59 Nexstar Stations Including Its CW, MyNet, and Independent Television Stations

Retrieved on: 
Monday, March 13, 2023
Online, Entertainment, Mobile Entertainment, Consumer, Technology, General Entertainment, TV and Radio, Other Consumer, Marketing, Audio, Video, Advertising, Communications, NewsNation, The CW, Nexstar Media Group, Nexstar, CW, News, Media Group, Weather, CBS, YouTube TV, MyNetworkTV, Baton Rouge, Louisiana, Sport, Partnership, Television

Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) today announced that it has reached a comprehensive multi-year distribution agreement with YouTube TV to launch 59 stations on its platform, including its 29 CW-affiliated television stations, its 26 MyNetworkTV affiliates, and its four independent stations in Chicago, Washington, D.C., Oklahoma City, and Baton Rouge.

Key Points: 
  • Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) today announced that it has reached a comprehensive multi-year distribution agreement with YouTube TV to launch 59 stations on its platform, including its 29 CW-affiliated television stations, its 26 MyNetworkTV affiliates, and its four independent stations in Chicago, Washington, D.C., Oklahoma City, and Baton Rouge.
  • The agreement also renews and extends YouTube TV’s carriage of America’s fastest-growing cable news network, NewsNation, which is home to such shows as “Cuomo,” “Dan Abrams Live,” and “Banfield.” In addition, Nexstar extended carriage of all of the Company’s CBS-affiliated stations on YouTube TV.
  • Financial terms of the agreement were not released.
  • “These agreements with YouTube TV underscore the importance of Nexstar’s national and local content on its platform,” said Tom Carter, Nexstar’s Chief Operating Officer.

Nexstar Media Group Reports Record Fourth Quarter Net Revenue of $1.49 Billion and Fiscal Year 2022 Net Revenue of $5.21 Billion

Retrieved on: 
Tuesday, February 28, 2023
Other Consumer, Technology, Entertainment, Marketing, Advertising, Communications, Audio, Video, General Entertainment, TV and Radio, Consumer, Main Street, EBITDA, NewsNation, Transaction, News, Nexstar, The CW, Digital, MVPD, Growth, Executive, Television, Acquisition, Share repurchase, Annual general meeting, Capitol Hill Block Party, CW, Editorial, Weakness, ATSC 3.0, ATSC, Sale, Olympic Games, ABC, Mission Broadcasting, Consolidated, Cryptocurrency, Bookkeeping, Music, Commercial property, Public utility, Mobile phone, Bank, Holding company, Video game, Pharmaceutical industry, Renting, Security (finance), Adjustment

Beginning in the fourth quarter of 2022, Nexstar defined Adjusted EBITDA and Free Cash Flow as metrics excluding transaction and one-time expenses.

Key Points: 
  • Beginning in the fourth quarter of 2022, Nexstar defined Adjusted EBITDA and Free Cash Flow as metrics excluding transaction and one-time expenses.
  • Generated record non-presidential year political advertising revenue of $505.6 million, just $2.0 million shy of 2020 presidential election year levels.
  • Record fourth quarter net revenue of $1.49 billion increased 19.3% from the prior year quarter.
  • 50% of Nexstar’s fourth quarter net revenue was generated by distribution, digital and other revenue sources.

Nexstar Names Joe Ruffolo Senior Vice President and General Manager for The Hill and NewsNation Digital

Retrieved on: 
Friday, February 24, 2023
Media, TV and Radio, Communications, Entertainment, Marketing, NewsNation, Samsung, News, BBC Studios, Nexstar, ABC News, Nexstar Media Group, Senior, National Geographic, The Walt Disney Company, AOL, Hill, The Hill, Insurrection Media, Inc., Editorial, CNN, Television, Nickelodeon, OceanX

Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that Joe Ruffolo has been named to the newly created position of Senior Vice President and General Manager for The Hill and NewsNation Digital, responsible for the long-term strategy and day-to-day operations of each property.

Key Points: 
  • Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that Joe Ruffolo has been named to the newly created position of Senior Vice President and General Manager for The Hill and NewsNation Digital, responsible for the long-term strategy and day-to-day operations of each property.
  • As Nexstar realigns its national digital news platforms, The Hill will become part of the company’s Networks Division, effective immediately.
  • Mr. Ruffolo will begin his new duties March 6, and report to Sean Compton, President of Nexstar’s Networks Division.
  • During his tenure at OceanX, Mr. Ruffolo led all editorial, business development, strategy, social, digital, marketing, and post-production operations for the company.

COMET, CHARGE! and TBD Add 2.4 Million Over-the-Air and Cable Homes

Retrieved on: 
Monday, February 6, 2023
Entertainment, Communications, Other Entertainment, General Entertainment, TV and Radio, Media, Fantasy, Science, KPHO, Nexstar, KBNT, KGHB, DMA's, Univision, CBS, KVSN, TBD, Growth, WVLT, WWAX, KRON, COMET, Communications satellite, Harbor, Television, KEUS

The changes will increase nationwide coverage by 2.4 million TV households by the end of Q2 2023.

Key Points: 
  • The changes will increase nationwide coverage by 2.4 million TV households by the end of Q2 2023.
  • This coverage brings the total new coverage since the start of 2022 to nearly 17 million TV households, in addition to the networks’ already impressive footprints.
  • COMET, which is the top destination on free television for science fiction and fantasy programming, will add Colorado Springs on KGHB.
  • and TBD will be available to an additional 2.4 million viewers across the country,” said Adam Ware SVP, Growth Networks Group.