“Nexstar delivered another quarter of record financial results with top line, profitability, and cash flow metrics exceeding consensus expectations,” says President/CEO Perry Sook, who founded the broadcast TV company.
Indeed, Nexstar Media Group has beat the Street in three of the four last quarters, and its stock is just pennies off a record high.
How did Nexstar do in Q3? Retransmission fee revenue and political ads powered the company. But, did political put too much of a dent in national and local ad profit?