NEXSTAR MEDIA GROUP, INC.

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Nexstar Media Launches NEXTGEN TV at WHTM-TV in Harrisburg, PA, Marking the Company’s 17th Market to Launch ATSC 3.0 in 2021

12/21/2021 | 04:00pm EDT

Nexstar Media Group, Inc. announced that WHTM-TV, the Nexstar television station serving Harrisburg, Pennsylvania, has begun broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology, powered by ATSC 3.0. Harrisburg is Nexstar’s 17th market to begin broadcasting with ATSC 3.0 in 2021. Over the course of the year, Nexstar deployed ATSC 3.0 at 25 of its local television stations; close to 30% of all U.S. television households now receive a NEXTGEN TV signal from a Nexstar-owned or -operated station. NEXTGEN TV brings a whole new dimension to the television viewing experience, with brilliant video and enhanced audio. Based on the same fundamental technology as the Internet, digital applications, and other web services, NEXTGEN TV can support a wide range of features such as immersive audio and video (up to 4K), datacasting, broadcasting to mobile devices, personalized viewing tools, and advanced emergency alerts. Nexstar is a participant in BitPath, a broadcaster-supported consortium creating a network for datacasting, with services launching in 2022. Nexstar’s ATSC 3.0 television stations plan to participate in the BitPath broadcast data network. Nexstar is planning to convert another 20 of its local television markets to NEXTGEN TV next year, and its station group has set a goal of reaching 50% of U.S. TV households with NEXTGEN TV, powered by ATSC 3.0, by the end of 2022.


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All news about NEXSTAR MEDIA GROUP, INC.
05/16Rosenblatt Adjusts Nexstar Media Group's Price Target to $181 from $180, Keeps Neutral ..
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05/12Deutsche Bank Adjusts Nexstar Media Group's Price Target to $225 From $216, Maintains B..
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05/12NEXSTAR MEDIA GROUP, INC. : Ex-dividend day for
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05/10TRANSCRIPT : Nexstar Media Group, Inc., Q1 2022 Earnings Call, May 10, 2022
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05/10Nexstar Media Group to Seek M&A
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05/10Nexstar Media Group's Q1 Net Income, Revenue Increase
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05/10Nexstar Media Group Reports Record First Quarter Net Revenue of $1.21 Billion
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05/10Earnings Flash (NXST) NEXSTAR MEDIA GROUP Reports Q1 Revenue $1.21B, vs. Street Est of ..
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05/10Nexstar Media Group, Inc. Reports Earnings Results for the First Quarter Ended March 31..
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Financials (USD)
Sales 2022 5 271 M - -
Net income 2022 1 041 M - -
Net Debt 2022 6 758 M - -
P/E ratio 2022 7,00x
Yield 2022 2,02%
Capitalization 7 211 M 7 211 M -
EV / Sales 2022 2,65x
EV / Sales 2023 2,60x
Nbr of Employees 11 817
Free-Float 82,2%
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Nexstar Media Group, Inc. Technical Analysis Chart | NXST | US65336K1034 | MarketScreener
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Mean consensus BUY
Number of Analysts 10
Last Close Price 178,48 $
Average target price 204,90 $
Spread / Average Target 14,8%
EPS Revisions
Managers and Directors
Perry A. Sook Chairman & Chief Executive Officer
Thomas E. Carter President & Chief Operating Officer
Lee Ann Gliha Chief Financial Officer & Executive Vice President
Dione J. Rigsby Vice President-Technology
Brett E. Jenkins Chief Technology Officer & Executive VP
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