Professional
Added to YB: 2025-05-05
Pitch date: 2025-04-30
NXST [bearish]
Nexstar Media Group, Inc.
-40.39%
current return
Author Info
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Company Info
Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States.
Market Cap
$5.7B
Pitch Price
$145.08
Price Target
N/A
Dividend
3.93%
EV/EBITDA
7.35
P/E
11.67
EV/Sales
2.36
Sector
Media
Category
N/A
Nexstar Media Group, Inc. (Nasdaq: NXST) Is Failing With Its Digital Strategy and Will Face Its Kodak Moment Soon
NXST short: Legacy TV broadcaster w/200 stations. Declining audience (avg age 65) & web traffic across all digital assets. 16 former execs interviewed, all negative: '1.5 years of stability left.' Digital strategy failing despite acquisitions. $2.9B goodwill vs $2.2B equity. Insider selling ($48.1M). Trading at premium to peers despite outdated tech, dying audience.
Read full article (15 min)