Nexstar Media Group, Inc. (NASDAQ: NXST) reported financial results for the first quarter ended March 31, 2024. The company achieved record net revenue of $1.28 billion, surpassing expectations. Nexstar’s Founder, Chairman, and CEO, Perry A. Sook, expressed confidence in the company’s performance and highlighted the strong start in 2024. The company expects to maintain momentum throughout the year, particularly with anticipated record political spending during the presidential election cycle. Nexstar remains committed to delivering value to its distribution and advertising partners, as demonstrated by its all-time high distribution revenue in the first quarter. The company continues to make progress at The CW, reducing operating losses and showing improvement in primetime audience numbers. For further details, interested individuals can refer to Nexstar’s website for the complete press release.
Nexstar Media Group Posts Record First Quarter Revenue and Strong Outlook
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