Nexstar Broadcasting Group News

Six television stations in Baton Rouge and Lafayette, including the local Fox and NBC affiliates, are slated to get new ownership later this year.

Now, after a pair of deals by the Texas-based Nexstar Broadcasting Group , the two TV stations have one owner and, by fall, will work under one roof.

As campaign ads saturated the airwaves during the 2012 campaign, and piles of campaign cash buoyed stations' balance sheets, media watchers wondered: how would the windfall revenues affect the local TV industry, and the news coverage it produces? We now have a partial answer: the ad-buying binge has accelerated the ongoing trend toward ownership ... (more)

Well, we may need to change the channel to a new leader in the sector. Lets take a look at Nexstar Broadcasting Group, Inc.

It looks like the stars have aligned for Nexstar Broadcasting Group Inc. , one of the nation's top 20 television broadcasting companies in Irving, Texas.

Nexstar Broadcasting reported gross revenues of $122.9 million in the first quarter, a 33.6% increase over the same quarter a year ago.

Nexstar Broadcasting reported $112.2 million in net revenue during the first quarter of 2013, a 34% increase on the year-ago quarter's $83.6 million.

Nexstar Broadcasting issued its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share for the quarter, missing the analysts' consensus estimate of $0.12 by $0.10, ARN reports.

PEORIA, Illinois and IRVING, Texas - Nexstar Broadcasting Group, Inc. announced today that Richard Engberg has been appointed Vice President / General Manager of WMBD-TV and associated digital services, including Bounce TV Central Illinois, and community web portals ciproud.com and ciproud.biz , which serve the Peoria / Bloomington, IL DMA .

Nexstar Broadcasting Group Inc. is moving its Memphis operations into a new facility at Belz Enterprises Inc.'s Shelby Oaks Corporate Park by June 1. Irving, Texas-based Nexstar will open the new broadcasting and news facility at 1725 N. Shelby Oaks to support the operations of WPTY-TV and WLMT-TV serving Memphis and WJKT-TV serving Jackson, Tenn., ... (more)

UBS AG currently has a buy rating on the stock. Nexstar Broadcasting traded down 1.63% on Thursday, hitting $24.13. Nexstar Broadcasting has a 1-year low of $6.00 and a 1-year high of $23.11. The stock's 50-day moving average is currently $18.46. The company has a market cap of $709.8 million and a price-to-earnings ratio of 4.13. The company also ... (more)

The firm currently has a "buy" rating on the stock. Shares of Nexstar Broadcasting traded down 0.85% during mid-day trading on Thursday, hitting $24.53. Nexstar Broadcasting has a one year low of $6.00 and a one year high of $23.11. The stock's 50-day moving average is currently $18.46. The company has a market cap of $721.6 million and a P/E ratio ... (more)

Nexstar Broadcasting declared a quarterly dividend on Friday, April 26th, ARN reports.

The top after-market Nasdaq gainers Wednesday were Old Second Bancorp Inc, Akamai Technologies Inc, Infinera Corporation, Nexstar Broadcasting Group, Inc.

Nexstar Broadcasting Group is one of the nation's top 20 station groups and owns or provides services to 72 TV stations nationwide.

Nexstar Broadcasting Group and Mission Broadcasting have agreed to acquire Communications Corp.

The new multi-year local TV ratings contract adds two stations in Nexstar Broadcasting Group, which began working with Rentrak in 2010 with three stations, now has a total of 10 stations in six different markets that use Rentrak's advanced TV measurement service.