NXST - ネクスタ―・ブロ―ドキャスティング・グル―プ （Nexstar Media Group Inc.）

Nexstar Reaches Multi-Year Agreement With Hulu Nexstar

Irving-based Nexstar Media Group has signed a multi-year distribution deal with subscription streaming service Hulu.

TV station owner Nexstar Media Group (NXST) has reached a multi-year distribution deal with Hulu (DIS) (CMCSA). Financial terms weren''t disclosed

Deal covers 122 local television stations, including MyNetworkTV Affiliates and four independent stations

https://www.investing.com/news/assorted/nexstar-media-reaches-multiyear-agreement-with-hulu-432SI-3068989

CVS, Walgreens Limit Sales Of Children''s Pain Meds Amid Shortage Be Jeremy Tanner of Nextar Media As the country slogs through a “tripledemic” wave of COVID-19, influenza and RSV infections, CVS and Walgreens confirmed Monday that they are limiting purchases of children’s pain and fever medication. A Walgreens spokesperson told Nexstar that the decision was due to “increased demand and various supplier challenges,” and that pediatric fever reducing products are “seeing constraint across the country.” There is currently no widespread, national shortage so supplies may vary from one community to another. “In an effort to help support availability and avoid excess purchases, we put into effect an online only purchase limit of six per online transaction for all over-the-counter pediatric fever reducers,” the spokesperson added. The company encourages customers looking to buy an item in-store to check the Walgreens website for inventory by location. CVS spokesperson Mary Gattuso said the drugstore chain created the product limit to ensure “equitable access for all our customers.” There is currently a two product limit on all children’s pain relief products at all CVS Pharmacy locations and cvs.com, Gattuso confirmed. “We’re committed to meeting our customers’ needs and are working with our suppliers to ensure continued access to these items,” Gattuso said.

WPIX-TV restored in New York

According to Benzinga Pro, during Q3, Nexstar Media Group (NASDAQ: NXST ) earned $287.50 million, a 26.93% increase from the preceding quarter. Nexstar Media Group also posted a total of $1.27 billion in sales, a 1.94% increase since Q2. Nexstar Media Group earned $226.50 million, and sales totaled $1.25 billion in Q2. Why Is ROIC Significant? Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative to invested capital by a business. Generally, a higher ROIC suggests … Full story available on Benzinga.com

The grant during the September 2022 “Hunger Action Month” is part of Nexstar’s four-year $2 million partnership with Feeding America

Grant is Part of Nexstar''s Four-Year $2 Million Partnership with Feeding America The Nexstar Media Charitable Foundation today announced that it has made another $50,000 donation to Feeding America ® , the nation''s largest domestic hunger relief organization, to assist with Feeding America''s promotion of "Hunger Action Month," which begins today, September 1. The contribution is part of Nexstar Media Group, Inc.''s ongoing four-year $2 million partnership with Feeding America. As part of the partnership, during the month of September, Nexstar''s 200 owned and partner broadcast stations and its cable news network, NewsNation, will donate airtime worth approximately $600,000 to air a variety of public service announcements on behalf of Feeding America. In addition, with one or more partner food banks in all of Nexstar''s 116 television markets, Nexstar employees are being encouraged to volunteer their time and effort to assist Feeding America in fulfilling its mission. "When tackling an issue as large-scale and relentless as hunger, we''re so grateful to have partners like Nexstar who are using their platform and resources to help spread awareness and build momentum," said Claire Babineaux-Fontenot, CEO of Feeding America. "This Hunger Action Month, we''re excited to work together and share our message in the hopes that more people will join us in the fight against hunger." Currently, 38 million people, including 12 million children and 5.2 million seniors, across the United States face hunger.

In the US, streaming viewers are starting to take over the number for cable while new data suggests the average broadcast viewer is older than expected Founded in 2006, the CW turns 16 years old this year, which feels right considering it has always branded itself as the younger, hipper brother to the bigger networks. The buzziest series on the CW are centered on teenagers: Riverdale, a modern, supernatural update on the Archie comics, and All American, about a Black high school football player recruited to play for a school in Beverly Hills. They also have two superhero shows, Superman & Lois and The Flash, which also theoretically appeal to younger audiences. Youthful content, however, does not necessarily equal youthful viewers, which we learned this week when it was revealed that the average age of a CW viewer is 58 . In a twist worthy of Riverdale itself, which recently featured a time travel storyline, the hip, young viewers of the CW have suddenly turned middle-aged. Or maybe not.

Nexstar Media Group is planning to acquire a 75 percent ownership in The CW Network. Warner Bros. Discovery and Paramount Global, the current co-owners of The CW, will each retain a 12.5 percent ownership interest. An excerpt from the announcement reads: “The proposed transaction is expected to create value for Nexstar shareholders by solidifying the […] The post Nexstar Media to own 75 percent stake in The CW Network appeared first on Talking Biz News .

Nexstar Media Group is investing huge sums to buy a 75% stake in The CW television network. The American publicly traded media company with HQ offices in Chicago, Illinois; Irving, Texas, and Midtown Manhattan is set to…