TVNewsCheck is reporting the Media Financial Management Association has named its five “People to Watch” for 2013 with two of the five, NBC Owned Stations chief financial officer, Christine Dorfler and Tim Busch, executive vice president and chief operating officer for Nexstar Broadcasting Group, directly responsible for making sure their local TV station groups turn a profit.

“The biggest challenge is anticipating how people are going to consume my product three, five, 10, 20 years from now,” Dorfler told Janet Stilson editor of MFM’s The Financial Manager magazine.  Dorfler’s former boss, Michael Jack, president and general manager of WNBC told Stilson, ““She’s not only an expert in her own area of the business but she’s one of those people who are intellectually curious, who will take the time to find out about other parts of this business.” Read more

Nexstar Broadcasting reported net revenue of $90 million in the third quarter of 2012, a +20.2% increase from the year-ago quarter’s net revenue of $74.8 million.

Nexstar’s core local and national revenue increased +7.4%. Political ad revenue increased +488% to $10.2 million in Q3, and retransmission revenue increased +51% to $15.1 million. The company also reported $41 million in broadcast cash flow, a +57% increase from the year-ago quarter.

In a statement, Nexstar president and CEO Perry Sook called the third quarter an “active and productive period for Nexstar.”

Nexstar Broadcasting has entered into definitive agreements to acquire three California stations from Newport Television and two Vermont stations from Smith Media, LLC.

Nexstar will pay Newport $35.4 million for KGPE, the CBS affiliate in Fresno; KGET, the NBC-CW affiliate in Bakersfield; and KKEY, the low-powered Telemundo affiliate in Bakersfield. In Vermont, Nexstar will join with Mission Broadcasting to acquire WFFF and WVNY, the Fox and ABC affiliates in Burlington, for $17.1 million.

“These transactions are consistent with our criteria for acquisitions that further strategically diversify our operations, create or present opportunities for virtual duopoly markets and which are financially accretive,” Nexstar chairman Perry Sook said in a statement.

Nexstar has renewed affiliation agreements with CBS for eight of its stations, the company announced today.

The long-term extensions are at KLBK in Lubbock, TX, KLST in San Angelo, TX, KTAB in Abilene, TX, WCIA in Decatur, IL, WFRV in Green Bay, WJMN in Marquette, WMBD in Peoria and WROC in Rochester. Mission Broadcasting has also renewed an affiliation agreement with CBS for KOLR in Springfield, MO, which Nexstar operates under a local marketing agreement.

“Our affiliation with CBS combined with our stations’ market-leading local news and unique community-focused programming allows us to deliver great entertainment and information to viewers as well as superior marketing solutions for advertisers,” Nexstar president and CEO Perry Sook said in a statement.

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. Read more

The New York Times’ Brian Stelter examines content sharing as a “survival strategy” for local stations, noting the increase of shared-services agreements “resembles the retrenchment of the American newspaper industry, but it has been far less publicized.”

Stelter takes a look at the San Angelo market, which is home to Fox-affiliate KIDY, CBS-affiliate KLST and NBC-affiliate KSAN. KLST and KSAN operate under a shared service agreement, which the FCC estimates exist in at least 83 of the 210 U.S. television markets:

The anchors are different at the NBC station KSAN and the CBS station KLST, but they read similar scripts in side-by-side studios. It’s almost comical, for a viewer flipping the channel back and forth, to see identical segments about spot news and health. (The weather segments, however, have different graphics and hosts.) Read more

Nexstar Broadcasting today reported a 19.6% rise in first quarter revenue, including a record amount of retrans revenue.

Nexstar, which owns, operates, programs, or provides services to 55 stations that reach roughly 9.3% of U.S. households, took in $83.6 million during the first three months of the year, with $14.5 million coming from carriage fees–a record for the company.

Core local and national revenue was up 7.8%.  Nexstar’s stations made $45.4 million in local revenue for the first quarter and $17.4 million in national for the period. Read more

Reporting financial results for the fourth quarter, as well as the full year, of 2011, Nexstar Broadcasting emphasized growth in core advertising.

Nexstar, which owns, operates, programs or provides services to 55 stations in 32 markets, today reported a 11.2% decrease in net revenue for the fourth quarter of 2011 and a 2.2% drop for the entire year, as compared to results from the previous year.

The company attributes the declining numbers to a decrease in political advertising.  Excluding political, Nexstar’s gross revenue was up 8.4% for the fourth quarter and 7.3% for the full year. Read more

Nexstar Broadcasting is getting millions from Sinclair Broadcast Group’s recent acquisition of the stations of Four Points Media.

This week Sinclair finalized its $200 million deal for Four Points Media’s handful of stations, and today Nexstar announced that it was being paid $6.7 million as a result of the acquisition.

Nexstar has been providing management services to Four Points and its deal was terminated when Sinclair gained control of the company’s stations.  The $6.7 million amounts to a termination fee plus money still owed for services provided in 2011. Read more

Nexstar reported a 2.3% increase in third quarter revenue today, boasting a record $74.8 million for the period.

“Nexstar’s record third quarter revenue reflects our eighth consecutive quarter of core television advertising revenue growth,” Nexstar president and CEO Perry Sook said.  “The 5.3% rise in core ad revenue growth, 17.5% increases in e-Media revenue, 30.5% in retransmission fee revenue and 21.0% improvement in management agreement revenue more than offset the impact of a 74.3% year-over-year reduction in political revenue.”

In announcing its third quarter financial results, Nexstar emphasized its expanding media footprint, which now includes WFRV and WJMN in Wisconsin and Michigan as well as WEHT in Evansville, IN. Read more