Nexstar Media Group, Inc.NXST

$164.16-1.66 (-1.00%)
NASDAQCommunication Services24:00 UTC

Company snapshot

Market Cap
$5B
Mid-cap
+282%
2016 — today
10-Year Price
+287%
2016 — today
52-Week Range
$164.16$253.64
Current $164.16· 0%

Nexstar Media Group, Inc. is a diversified U.S. media corporation focused on broadcast television and digital content. The company specializes in the strategic acquisition, development, and management of local television stations, along with operating interactive community-focused websites and a variety of digital media services. It provides no-cost programming to television viewers across the nation. By the end of 2020, Nexstar directly owned, operated, programmed, or offered sales and other services to 198 television stations. Furthermore, it extended sales, programming, and other support through local service agreements to an additional 37 independent power television stations. The company also furnishes advanced video and display advertising solutions, which can be deployed both locally and nationally across its own digital platforms and various third-party websites and mobile applications. Nexstar is also the proprietor of WGN America, a national cable channel featuring general entertainment. Its broad network of stations is affiliated with major broadcast networks such as ABC, NBC, FOX, CBS, The CW, and MyNetworkTV, among others. Originally known as Nexstar Broadcasting Group, Inc., the company adopted its current name, Nexstar Media Group, Inc., in January 2017. Founded in 1996, its corporate headquarters are located in Irving, Texas.

Valuation in context

P/E ratio
35.3
Near historic high
Near historic highs — last 10 years
P/B ratio
2.4
Below average
Below the 10-year average
EV / EBITDA
9.9
Historically pricey
Historically pricey — last 10 years
Dividend Yield
4.5%
Near historic high
Near historic highs — last 10 years
FCF Yield
13.8%
Around average
Around the 10-year average
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