The nation’s largest owner of broadcast TV stations on Thursday announced that its Board of Directors has approved a big new share repurchase program, one that authorizes it to repurchase up to $1 billion shares of its Class A common stock.
That’s not the only huge news from Nexstar Media Group. It’s board has also approved an increase in the company’s quarterly cash dividend — a somewhat incredible feat as some radio broadcasting companies saw COVID-19 suspend their dividend altogether.
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