NXST
Nexstar to Launch Daily Primetime Local Newscasts on Stations in Dallas and Phoenix
Article Summary
BUY- Nexstar Media Group Inc. (NXST: NASDAQ) announced that it will launch primetime newscasts Monday through Sunday in Dallas and Phoenix in mid-August, bringing local news content to millions of new viewers in two of the nation's top-12 markets.
- Nexstar Media Group owns KDAF-TV in Dallas (CW33) and KAZT-TV (CW7 Arizona) under a Time Brokerage Agreement, and the new newscast will air at 9 p.m. local time following programming on The CW Network.
- Nexstar is committed to serving communities with high-quality, fact-based local journalism, particularly important now as the mid-term elections approach and voters look for reliable, credible information.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -4.6% | 25% | 0.0 ptsDeclining (-4.6%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 137.7% | 25% | 100.0 ptsExceptional (137.7%) - Very high expectations |
| Target Price Upside ? | 42.0% | 20% | 95.0 ptsHuge Upside (42.0%) - Target: $258.29 vs Current: $181.89 |
| Gross Margin % ? | 40.0% | 15% | 60.0 ptsSolid (40.0%) - Decent margins |
| Drawdown from 52-Wk High ? | -28.5% | 15% | 80.0 ptsSolid Dip (-28.5%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About NXST
- Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States.
- It owns, operates, programs, or provides sales and other services to power television and radio stations; and provides television programming services.
- The company offers video and display advertising platforms through its own and various third party websites, mobile and over-the-top applications, digital media solutions to media publishers and advertisers, and a consumer product reviews platform.
- In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks.
- Further, its digital assets include 125 local websites, 229 mobile applications, 110 connected television applications, television channels from The CW and The Hill, BestReviews, and advertising solutions.
- Additionally, the company engages in the digital business.
- Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks.
- Nexstar Media Group, Inc. was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017.
- The company was founded in 1996 and is headquartered in Irving, Texas.