TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Nexstar Broadcasting Boasts Record Second Quarter

Nexstar Broadcasting is celebrating record financial results for the second quarter.  The company, which owns, operates, and/or services 55 stations in 32 markets, today announced net revenue of $88.9 million for the period, a 17.7% increase over last year’s second quarter.

“Nexstar achieved record second quarter net revenue based on the strength of our core television operations and rising contributions from our retransmission and e-Media revenue streams,” Perry Sook, the company’s president and CEO, said in a statement.

“The record second quarter net revenue marks the Company’s eleventh consecutive quarter of core television advertising revenue growth while highlighting our strategies for garnering leading shares of political billings in our markets,” Sook added.

Nexstar’s core local and national revenue increased 6.7% during the second quarter, with a 16% jump in automotive advertising and a 194% increase in political revenue.

Mediabistro Course

Get $25 OFF Podcasting

PodcastingStarting July 31, learn how to develop and create your own podcast in just a a matter of weeks! In this course you'll learn how to determine the goals of your podcast, pinpoint your concept, contact and book guests, distribute and market your podcast and more. Get $25 OFF with code CLASS25Register now!