Nexstar Reduces Annual Interest Expense, Extends Maturities

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On a five-year chart, it is one of the best-performing broadcast media industry stocks on Wall Street. Even with a $20 per-share dip in value over the last 30 days — par for the course for many companies across various industries due to ongoing economic concerns and recessionary trends — Nexstar Media Group shares have held strong, delivering year-over-year growth and long-term investor rewards.


Now, the company with EVP/CFO Lee Ann Gliha — voted by RBR+TVBR readers as the Top Broadcast Best Finance Leader of 2022 — in the chair since August 2021, has engaged in a refinancing effort that it says will reduce its annual interest expense while lengthening the time on its maturities.

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