Nexstar Media Group Inc
NXST: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$713.00 | Krrcm | Mwbqgpsj |
Political Ad Revenue Continues to Set New Record Levels for Nexstar; Raising FVE to $205
Business Strategy and Outlook
Nexstar is the largest television station owner/operator in the United States, with 199 stations in 116 markets. Of its 199 full-power stations, 155 are affiliated with the four national broadcasters: CBS (49), Fox (42), NBC (35), and ABC (29). The firm has networks in 12 of the Top 20 television markets and reaches over 68% of U.S. TV households.