nexstar media group political contributions

Yes, good morning. Great. And we remain confident in our unique positioning in this environment to again generate significant free cash flow in the current quarter and again in Q4 of this year. Armstrong Williams (born February 5, 1962) is an American political commentator, entrepreneur, author, and talk show host. In addition, this measure is useful to investors because it is frequently used by industry analysts, investors and lenders as a measure of valuation for broadcast companies, although their definitions of Free Cash Flow may differ from our definition. IRVING, Texas – February 26, 2020 – Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or “the Company”) today reported financial results for the fourth quarter ended December 31, 2019 as summarized below. "Square's stock is trading at 167 times forward earnings, while PayPal's stock is trading at 46 times.The stocks have expanded from momentum and multiple expansion, but this may overlook the broader decline in spending that is "hitting all of these companies square in the gut," she said. We want to get it right, and we will grow as fast as our success would allow us to grow. I don't think any of us expect that to happen this time. And if so, and we're on both sides of that transaction. That will manifest itself in the third quarter of this year, where we'll be up against zero history for a period of time. Hi. In summary, I hope that our comments today reinforce the fact that we remain confident in the strength and the resilience of Nexstar's scaled and diversified business model. We do have some that will be up end of this year and early next year, and that's where those conversations will center around what's the best type of agreement for both companies to enter into. And so what we could really use is an upfront or a fourth quarter scatter market to break. During the first half of 2020, we allocated approximately $594 million in cash from operations and investments toward debt reduction, opportunistic share repurchases, and cash dividends. 2016 According to Nielsen data, even as states and localities began to slowly reopen in the second quarter, local broadcast television evening news viewership among adults age 18 to 34 remained impressively high, with year-over-year increases in average cumulative weekly impressions in April, May and June of 151%, 83% and 89%, respectively***. And without conventions to fund and without rallies to fund, the one-way to reach people is to provide cash television. But I mean, Q2 will be the worst of it in our view. It is obviously demonstrated that local news is a product that people want and are willing to pay for. Thanks for getting me on here. We deploy that by actually repaying debt and looking at stock repurchases, but that's a multi variable equation. Nexstar's leading local platform is well positioned to withstand this environment due to several factors, including our differentiated broadcast and digital sales programs, the continued growth of our distribution revenue stream and what are projected to be record levels of political spending here in 2020. For example, last night in our rehearsals, we did a story on the first women police chief in Colorado Springs. But, again, we don't expect any of that will affect our political revenue assumptions for the year. For the third quarter of 2020, we anticipate recording approximately $12 million in TV Food Network distributions. Has there been any significant change that you can talk about? Operator? And as Perry had mentioned, obviously, we factor in, in our budgeting process and in our guidance process an attrition rate for subscribers and a unit rate for our revenue and as we mentioned, that was basically in line for the second quarter and early returns for the third quarter are consistent with that expectation. Recent distribution agreement renewals and the inclusion of WGN America resulted in a 70.7% rise in distribution revenue to $536.5 million, representing nearly 59% of total net revenue. By the end of April, the vast majority of the initial operating synergies of the Tribune transaction have been realized. Select a Cycle: Both presidential campaigns recently generated record levels of fundraising, which bodes well for our upcoming political revenue trajectory. Please, go ahead, sir. According to Nielsen data, even as states and localities began to reopen in the second quarter, local broadcast television evening news viewership among adults aged 18 to 34 remained impressively high, with year-over-year increases in average cumulative weekly impressions in April, May and June of 151%, 83% and 89%, respectively. ET, Good day everyone. At the same time, the active management of our capital structure and strong free cash flow growth has provided us with the financial flexibility to support our return of capital and leverage reduction initiatives including share repurchases, dividend payments, debt reduction and strategic business investments—all of which have delivered meaningful shareholder returns. Over time, our disciplines in these areas have strengthened the resiliency of our business and our business model and created an unrivaled local marketing platform while supporting increasing growing, and growing returns for our shareholders. And I think there was a story last week about the Trump campaign, starting to roll out a couple of wads of ads. [Operator Instructions] And we'll take our first question from John Janedis with Wolfe Research. Market data powered by FactSet and Web Financial Group. We also believe that broadcast cash flow and multiples of broadcast cash flow are useful to investors because it is frequently used by industry analysts, investors and lenders as a measure of valuation for broadcast companies. “In 2019, we closed the highly accretive acquisition of Tribune Media creating the largest U.S. television broadcast station group; entered into deleveraging purchase and sale agreements with Fox Television Stations; completed new multi-year retransmission consent agreements representing approximately 70% of our subscribers; entered into new long-term network affiliation agreements with CBS, FOX and NBC and realigned our digital business to drive future growth and profitability.

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