Nexstar Slips Despite Strong Q4


Perry Sook“Nexstar had an outstanding 2016,” with double-digit growth that saw the company net revenues eclipse $1 billion, Chairman, President and CEO Perry Sook said in his opening remarks on Nexstar Media Group‘s Q4 and full-year 2016 conference call with investors.

Indeed, Nexstar had a high-quality Q4 with “record results” seen thanks to the broadcast television company maximizing from political dollars and retrans fees.

But, Nexstar stock dipped in early trading on Wall Street on Wednesday. Why?

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