Nexstar Broadcasting Group, Inc. Provides Earnings Guidance for the Year 2015
January 27, 2016 at 05:48 pm
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Nexstar Broadcasting Group, Inc. provided earnings guidance for the year 2015. The company expects to report record operating results for 2015, marking the fourth consecutive year of record results. At the same time, the company's growing free cash flow which will amount to approximately $482 million, or average pro-forma free cash flow of approximately $7.85 per share per year, in the 2015/2016 cycle affords the company's financial flexibility to continue pursuing additional station and digital media accretive transactions, while simultaneously reducing leverage and returning capital to shareholders.
Nexstar Media Group, Inc. is a diversified media company with television broadcasting, television network and digital media assets operating in the United States. The Company produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. The Companyâs segments include Broadcast and The CW Network, LLC (The CW). The Broadcast segment includes television stations and related local websites that Company owns, operates, programs or provides sales and other services to in various markets across the United States, NewsNation, a national cable news network, two owned and operated digital multicast networks and other multicast network services, and WGN-AM, a Chicago radio station. The CW segment is a broadcast network in the United States. The other activities of the Company include digital businesses focused on the national marketplace and the management of certain real estate assets.
NEXSTAR MEDIA GROUP, INC. 
