Edition:
India

Nexstar Media Group Inc (NXST.OQ)

NXST.OQ on NASDAQ Stock Exchange Global Select Market

66.55USD
21 Nov 2017
Change (% chg)

$0.10 (+0.15%)
Prev Close
$66.45
Open
$66.90
Day's High
$66.95
Day's Low
$66.15
Volume
96,374
Avg. Vol
186,211
52-wk High
$73.85
52-wk Low
$55.95

Latest Key Developments (Source: Significant Developments)

‍Moody's says looser local media ownership rules will benefit U.S. television broadcasters​
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Moody's‍::Moody's says looser local media ownership rules will benefit U.S. television broadcasters​.Moody's says U.S. Federal Communication Commission's decision to loosen local media ownership rules is credit positive for U.S. television broadcasters‍​.Moody's says under revised FCC rules, U.S. TV broadcasters to benefit from consolidation of local market ownership through acquisitions, station swaps.  Full Article

Nexstar Media Group posts qtrly earnings per share $0.98
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Nexstar Media Group Inc :Q3 revenue $611.9 million versus I/B/E/S view $608.9 million.Nexstar Media Group qtrly earnings per share $0.98​.Nexstar Media Group Inc - ‍Reiterates projected pro-forma free cash flow guidance of approximately $574 million during 2017/2018 cycle​.Q3 earnings per share view $0.91 -- Thomson Reuters I/B/E/S.  Full Article

Nexstar broadcasting prices $2.75 billion term loan B facility
Wednesday, 28 Sep 2016 

Nexstar Broadcasting Group Inc : Now expects to generate over $540 million of average annual free cash flow over 2016/2017 period . Approximately $60 million annual reduction in post-closing interest expense with respect to media general deal . Nexstar Broadcasting prices $2.75 billion term loan B facility . Nexstar Broadcasting Group Inc says term loan B facility will be issued at a price equal to 99.75% of its face value . Says its wholly owned subsidiary, Nexstar Broadcasting Inc, priced a $2.75 billion term loan B facility .Cost of financing media general transaction is below company's prior expectation.  Full Article

Nexstar affirms 2016 $100 mln political revenue target-CEO
Wednesday, 21 Sep 2016 

Nexstar Broadcasting Affirms Target Of About $100 Mln Political Revenues For 2016 : Nexstar CEO says has already booked more than two thirds of 2016 political revenue target .Nexstar to present details at conference later Wednesday.  Full Article

Nexstar qtrly earnings per share $0.78
Tuesday, 9 Aug 2016 

Nexstar Broadcasting Group Inc : Q2 revenue $262 million versus I/B/E/S view $264.6 million . Qtrly earnings per share $0.78 . Q2 earnings per share view $0.84 -- Thomson Reuters I/B/E/S . Progress towards completion later this year of our acquisition of media general is tracking consistent with our timeline .On pace to achieve guidance for annual average 2016/2017 free cash flow of $250 million or average pro-forma free cash flow of $8.15/share per year.  Full Article

Nexstar Broadcasting Group announced pricing of $900 mln offering of senior notes
Thursday, 14 Jul 2016 

Nexstar Broadcasting Group Inc : Announces pricing of $900 million offering of senior notes . Says priced an offering of $900 million in aggregate principal amount of 5.625% new senior notes due 2024 .Sale of notes is expected to be completed on or about july 27, 2016.  Full Article

Nexstar Broadcasting to divest 5 stations for $115 mln
Monday, 13 Jun 2016 

Nexstar Broadcasting Group Inc : Aggregate value of station divestitures related to media general transaction approximates $545 million .Nexstar broadcasting enters into definitive agreement to divest five stations in five markets for $115 million.  Full Article

Nexstar, Media General shareholders vote to approve Nexstar's acquisition of Media General
Wednesday, 8 Jun 2016 

Nexstar Broadcasting : Shareholders Elected Lisbeth Mcnabb, C. Thomas Mcmillen To Serve As Class I Directors Until Date Of Nexstar 2019 Annual Meeting .Shareholders Of Nexstar Broadcasting And Media General Vote To Approve Nexstar's Acquisition Of Media General.  Full Article

Nexstar Broadcasting to divest two stations for $270 mln
Friday, 3 Jun 2016 

Nexstar Broadcasting Group Inc : Nexstar Broadcasting enters into definitive agreement to divest two stations in two markets for $270 million . Agreement to sell WBAY-TV, and KWQC-TV, to Gray Television Group Inc. . Nexstar Broadcasting enters into definitive agreement to divest two stations in two markets for $270 million .Divestiture reflects co's intention to obtain FCC and Department Of Justice approval of proposed Nexstar / Media General transaction.  Full Article

Gray Television sees ending 2016 with low total leverage ratio
Friday, 3 Jun 2016 

Gray Television Inc : Gray to acquire #1 ranked television stations in green bay and davenport markets . Addition of mid-market television stations will be immediately free cash flow accretive . Gray may also consider opportunistically accessing debt markets to fund deal . Including expected operational synergies, stations expected to produce 2-year blended broadcast cash flow margins greater than 50 percent . Has capacity to close transaction primarily through use of cash on hand at closing .Sees ending 2016 With Low Total Leverage Ratio, Net Of Cash, in range of 4.5 to 4.7 times on a trailing eight-quarter basis.  Full Article