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

Q3 Earnings: Nexstar Net Revenue Up 40%

nexstar logoNexstar Broadcasting reported $125.8 million in net revenue for the third quarter of 2013, an increase of +39.8% compared to the year-ago quarter.

Local revenues rose +42% and national revenues were up +48% year-over-year. Political revenues were down -90% in the non-election year, but retransmission revenue, digital media revenue and trade and barter revenue were all up for the quarter.

“Since the Company’s initial public offering ten years ago, through accretive acquisitions Nexstar has grown from 42 stations that it owned, operated, programmed and provided services to, and we have consistently enhanced the operating results of acquired stations as reflected by our long-term record of free cash flow growth on a two year cycle,” Nexstar CEO Perry A. Sook said in a statement.

Mediabistro Course

Mediabistro Job Fair

Mediabistro Job FairLand your next big gig! Join us on January 27 at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, and land your next job. Register now!