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Last $56.89 USD
Change Today -1.06 / -1.83%
Volume 387.8K
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

nexstar broadcasting group-a (NXST) Key Developments

Nexstar Broadcasting Group, Inc. Promotes Stephen Freifeld to Vice President and General Manager of Erie, Pennsylvania Broadcast and Digital Operations

Nexstar Broadcasting Group, Inc. announced that Stephen Freifeld has been promoted to Vice President and General Manager of WJET-TV (ABC) and the associated mobile /digital operations under YourErie.com and YourErie.biz which serve the Erie, PA market (DMA #150). He will also oversee Nexstar's relationship with Mission Broadcasting s affiliate WFXP-TV (FOX) under a joint operating agreement. Mr. Freifeld most recently served as the Director of Sales at WJET-TV, WFXP-TV, and YourErie.com for fifteen years and was responsible for overseeing all aspects of the station s sales department. Mr. Freifeld will assume his new responsibilities immediately and will report to Theresa Underwood, Senior Vice President of Nexstar Broadcasting.

Nexstar Broadcasting Group, Inc. Promotes Randy Stone to Vice President of KARD-TV (FOX) and Associated Digital Services

Nexstar Broadcasting Group, Inc. announced that Randy Stone has been promoted to Vice President of KARD-TV (FOX) and associated digital services, including Bounce TV, community web portal Myarklamiss.com and myarklamiss.biz serving the Monroe, Louisiana and El Dorado, Arkansas DMA (#137). In his new role, he will also oversee Nexstar's relationship with Mission Broadcasting s affiliate KTVE-TV (NBC) under a joint operating agreement. Mr. Stone will assume his new responsibilities immediately and report to Julie Pruett, Senior Vice President of Nexstar Broadcasting. Randy Stone has 30 years of combined broadcast television and sales management experience with a comprehensive background in local news production, digital services, entertainment programming, new business development, inventory control and regional sales. Since 2009, he served as Vice President and General Manager of Nexstar's television and digital operations in Grand Junction /Montrose /Glenwood Springs, CO (DMA #185) including MyNetworkTV affiliate KGJT-TV as well as CBS affiliate KREX-TV and its satellite stations KREG and KREY. Before joining Nexstar, Mr. Stone was the General Sales Manager (GSM) of KAUZ-TV (CBS), Texoma CW and the stations.

Nexstar Broadcasting Group, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 02:30 PM

Nexstar Broadcasting Group, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 02:30 PM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States.

Nexstar Broadcasting Group, Inc. Provides Capital Expenditure Guidance for the Year 2015

Nexstar Broadcasting Group, Inc. provided capital expenditure guidance for the year 2015. Budgeted CapEx is expected to be approximately $25 million. The company now expects to generate free cash flow of approximately $456 million or an average pro forma free cash flow of approximately $7.30 a share, up from prior estimate of approximately $450 million or average pro forma free cash flow of $7.25 per share.

Nexstar Broadcasting Group, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015

Nexstar Broadcasting Group, Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenue of $203.391 million against $133.833 million a year ago. Income from operations was $37.904 million against $27.700 million a year ago. Adjusted EBITDA was $64.045 million against $42.108 million a year ago. Free cash flow was $42.953 million against $25.255 million a year ago. Net income attributable to the company was $12.907 million or $0.40 per diluted share against $7.353 million or $0.23 per diluted share a year ago. Income before income taxes was $18.493 million against $12.402 million a year ago. Capital expenditures were $5.524 million against $3.969 million a year ago.

 

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NXST

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Valuation NXST Industry Range
Price/Earnings 26.0x
Price/Sales 2.5x
Price/Book 27.2x
Price/Cash Flow 9.9x
TEV/Sales 0.3x
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