Wells Fargo meets with Nexstar


Marci-RyvickerMarci Ryvicker, Wells Fargo Securities Senior Analyst, writes that after hosting investor meetings with Nexstar’s management this week, they came away “incrementally positive on the story.” They spent some time on the road this week (5/19 and 5/20–NYC & Boston) with CEO Perry Sook and CFO Tom Carter, and “we liked what we heard on M&A and the regulatory environment, net retrans, core ad growth, and digital. Bottom line, we like the story, esp. at a 15% blended FCF yield and reiterate our Outperform.

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