Nexstar Broadcasting Increases Quarterly Cash Dividend Payable on February 28, 2014
January 17, 2014 at 12:04 pm
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Nexstar Broadcasting Group, Inc. announced that its Board of Directors approved a 25% increase in the quarterly cash dividend to $0.15 per share of its Class A common stock beginning with the dividend declared for the first quarter of 2014. The dividend is payable on February 28, 2014, to shareholders of record on February 14, 2014.
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. 
