Nexstar Q1 Revenue Hits Record After Tegna Deal
Nexstar Media Group reported record first-quarter net revenue of $1.40 billion due to its acquisition of Tegna Inc. and increased advertising and distribution revenue. The company’s net income rose by 64.9% to $160 million, largely driven by the Tegna acquisition and higher political ad revenue. Despite legal challenges to the Tegna deal, Nexstar continues to focus on local journalism and has shown growth in NewsNation and The CW's move towards profitability with new sports programming.
https://tvnewscheck.com/business/article/nexstar-q1-revenue-hits-record-after-tegna-deal/