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Nexstar Media Group Posts Solid Q3 Results As Core Advertising Gains Offset 2020 Political Windfall

Nexstar Media Group Posts Solid Q3 Results As Core Advertising Gains Offset 2020 Political Windfall

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Top U.S. local TV station owner Nexstar Media Group reported solid third-quarter results, with distribution and core advertising gains offsetting record 2020 political ad spending. The company’s total revenue gained 3.5% in the quarter compared with the same period a year ago, reaching $1.16 billion. Diluted earnings per share dipped to $3.90 from $4.08, but…

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