Nexstar Media has faced some additional negative changes that have shifted the balance of risk and reward to a neutral position, leading to a downgrade in its rating.
Nexstar Media Group, Inc. (NASDAQ:NXST) will hold its Q4 2024 Earnings Conference Call on February 27, 2025, at 10:00 AM ET. The call will feature company leaders including Joe Jaffoni, Perry Sook, Mike Biard, and Lee Ann Gliha, along with participants from various financial institutions. The operator welcomes everyone and notes that the call is being recorded.
Nexstar Media is experiencing significant growth in its dividends, thanks to its often overlooked television operations. This company is gaining attention for its financial performance in the media industry. Investors may find it an interesting opportunity due to its strong dividend increases.
Nexstar Media's Q4 outlook suggests a positive conclusion to 2024. The company is expected to perform well in the final quarter. Overall, it looks like a strong finish for the year.
IRVING, Texas & NEW YORK--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) and Altice USA (NYSE: ATUS) have announced a new partnership agreement, which means that all Nexstar programming is now available again for Altice USA's Optimum TV customers. Both Nexstar and Optimum appreciate the understanding of their customers and viewers during this process. Details of the agreement have not been disclosed.
Nexstar has signed a carriage agreement with Altice USA after several stations stopped broadcasting last week. The deal was announced on Saturday, and while the details are not public, programming has already been restored for two million Optimum TV subscribers, which is owned by Altice's U.S. division.
NEW YORK--(BUSINESS WIRE)--Optimum urges Nexstar, which owns several broadcast stations nationwide, to prioritize its viewers and avoid increasing TV prices for consumers. Nexstar is making unreasonable requests that do not reflect the current TV market, while Optimum is committed to advocating for customers' rights and providing affordable video options. Additionally, Nexstar's rate demands are the highest among all broadcast stations.
IRVING, Texas--(BUSINESS WIRE)--Altice USA has removed the network and local shows from Nexstar Media Group's TV stations on Optimum, affecting millions of viewers.
Nexstar Media Group is set to expand by using ATSC 3.0, which improves interactive TV, signal security, and data services. With major investments in new stations, digital resources, and acquisitions, along with strong asset growth, NXST appears to be a good investment at 7 times its earnings. Even though it has high debt, NXST's rising equity, growing cash flow, and smart acquisitions suggest it will perform well financially in the future.
In periods of market instability and uncertainty, many investors seek out stocks that pay dividends. These stocks usually belong to companies with strong cash flow that provide generous dividends to their shareholders.