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I'ing assume you are referring to Nexstar Media Group, a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol "NTN." Nexstar Media Group is a leading global media company focusing on broadcasting, virtual events, and digital media.
Here are some general details about Nexstar Media Group's performance, earnings, and growth:
* Earnings: Nexstar Media Group has consistently delivered strong financial results, driven by its diversified portfolio of broadcasting assets, digital media platforms, and virtual event offerings. In their last quarterly earnings report, the company reported net revenue of $689.4 million, up 18% year-over-year, primarily driven by their TV station portfolio and digital media segment.
* Growth: Nexstar Media Group has grown significantly over the years through strategic acquisitions and expansion of its digital media and virtual event offerings. In 2019, the company completed its acquisition of Tribune Media Company, expanding its broadcast station portfolio and increasing its reach to 18% of the United States' population. The company has also made significant investments in digital media companies such as NewsON and, most recently, The Africa Channel.
* Segments: Nexstar Media Group operates three primary business segments: Broadcasting, Digital Media, and Content and Entertainment. The Broadcasting segment includes their portfolio of local TV stations affiliated with major networks (CBS, NBC, ABC, and FOX), MyNetworkTV, and CW. The Digital Media segment focuses on advertising and digital commerce through their ownership in CareerBuilder, Cars.com, and other digital platforms. The Content and Entertainment segment encompasses their ownership of WGN America and WGN-TV, TV stations' original programming and distribution.
* Financial Performance: Nexstar Media Group continues to increase its revenue and profitability, driven by its diverse segments. In their latest quarterly report, the company reported a net income of $236.6 million, representing a 31% year-over-year increase. Their broadcasting segment generated $487.3 million in revenue, while their digital media segment contributed $144.6 million in revenue.
* Future Outlook: Nexstar Media Group is well-positioned for long-term growth, leveraging their core broadcasting assets, digital media investments, and expanding virtual event capabilities. The company has recently launched a national multicast network, XL Media, and continued investments in Esports and sports betting content. Analysts expect their growth momentum to continue, with several upgrade ratings and price targets reflecting their positive outlook.
This information provides a general overview of Nexstar Media Group's performance, earnings, and growth. Remember that stock market and company performances can fluctuate rapidly, so stay updated with the latest news and developments if you're considering investing in Nexstar or any other publicly traded company.