NasdaqGS:NXSTMedia
Nexstar Media Group (NXST) Stock Gains On Cash Flow Strength And Debt Concerns
Nexstar Media Group stock closed up 3.1% at US$193.78, which indicates traders responded positively to the headline. The core story is in the cash flow. Quarterly revenue reached roughly US$2.0b and adjusted free cash flow was US$238m, more than double a year earlier, as the TEGNA deal, political advertising and major sports events contributed to higher broadcast and distribution results.
In the short term, this appears to be a relief rally after a volatile 90-day period. Over a longer...