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Nexstar Media Group Inc (NASDAQ: NXST) reported second-quarter FY21 net revenue growth of 23.7% year-on-year to $1.13 billion, beating the analyst consensus of $1.12 billion. Revenues from Total Television Advertising jumped 35.1% Y/Y to $431.97 million, Core Advertising climbed 42% Y/Y to $423.5 million, highlighting growing demand for its premium local and national marketing solutions partially offset by a 60.5% Y/Y decline in Political Advertising revenue to $8.5 million.
...read full article on Benzinga
