La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Nexstar Media Gr a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Nexstar Media Gr..

Nexstar Media Gr (NASDAQ:NXST) Azioni, Catena delle Opzioni

Nexstar Media Gr

Nexstar Media Group Inc is the largest television station owner-operator in the United States with over 200 stations in 116 markets. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has stations in 12 of the top 20 television markets and reaches 68% of us TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.

Nexstar Media Group Inc

NEXSTAR MEDIA GROUP ORD

Acquisition Creates a Nexstar Duopoly in Nation's 19th Largest TV Market and Political Battleground State
Station Will Become a CW Affiliate on September 1, 2025
Nexstar Media Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>), today announced that it has agreed to acquire the assets of WBNX-TV/TV55 in Cleveland, Ohio, from the Winston Broadcasting Company. The acquisition will create a duopoly for Nexstar in the nation's 19th largest television market, where the company already owns and operates WJW-TV (FOX).
WBNX-TV is currently an independent television station and will, under Nexstar's ownership, become an affiliate of The CW Network on Sept. 1, 2025. The transaction, subject to regulatory and other customary approvals, is expected to close in 2025 and will be accretive to Nexstar's operating results pro forma for the conversion to a CW affiliation. Financial terms of the transaction were not disclosed.

NXST

Nexstar Media Group To Expand Presence In Cleveland With Acquisition Of WBNX-TV/TV55; Financial Terms Of The Transaction Were Not Disclosed

Investors in Nexstar Media Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxst#NASDAQ">NXST</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $95 Call had some of the highest implied volatility of all equity options today.
<h2>What is Implied Volatility?</h2>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h2>What do the Analysts Think?</h2>
Clearly, options traders are pricing in a big move for Nexstar Media shares, but what is the fundamental picture for the company? Currently, Nexstar Media is a Zacks Rank #5 (Strong Sell) in the Broadcast Radio and Television industry that ranks in the Top 41% of our Zacks Industry Rank. Over the last 60 days, no analyst increased the earnings estimates for the current quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $5.89 per share to $5.51 in that period.
Given the way analysts feel about Nexstar Media right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2350198/is-the-options-market-predicting-a-spike-in-nexstar-media-nxst-stock?cid=CS-BENZ-FT-tale_of_the_tape|options-2350198">To read this article on Zacks.com click here.</a>

Earnings

Mid Cap

News

Options

Markets

Analyst Ratings

Media

Trading Ideas

Is the Options Market Predicting a Spike in Nexstar Media Stock?

Benchmark analyst Daniel Kurnos maintains Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) with a Buy and lowers the price target from $225 to $215.

Price Target

Benchmark Maintains Buy on Nexstar Media Gr, Lowers Price Target to $215

Management

On Sept 30, Nexstar Media Group Notified Michael Strober That It Eliminated His Position Of Executive Vice President & Chief Revenue Officer

Guggenheim analyst Curry Baker maintains Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) with a Buy and lowers the price target from $200 to $198.

Guggenheim Maintains Buy on Nexstar Media Gr, Lowers Price Target to $198

Nexstar Media Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>), today announced that its owned and operated television stations in Augusta, Georgia (WJBF-D3 DMA #110); Monroe, Louisiana (KARD-D2 DMA #142); Wichita Falls, Texas (KFDX-D3 DMA #149); Terre Haute, Indiana (WTWO-D2 DMA #159); and Utica, New York (WFXV-D2 DMA #171), will become affiliates of The CW Network.&nbsp;

Nexstar Media Reveals Five Stations That Will Carry CW's Primetime Entertainment, Live Sports, And Special Event Programming Beginning In September And October

Despite the <a href="https://www.benzinga.com/news/24/08/40328139/elon-musk-delays-live-chat-with-trump-due-to-massive-ddos-attack-on-x-will-proceed-with-a-smaller-nu">technical difficulties</a> plaguing the &#8220;Spaces&#8221; conversation between Elon Musk and Donald Trump, millions of viewers tuned in, prompting a question about the viability of live interviews — and future presidential debates — taking place on social media.
What Happened: Benzinga <a href="https://x.com/Benzinga/status/1823349409578414343">asked </a>readers about the potential of X Spaces: "Should all interviews and debates happen on X Spaces?" 
The results were:
<ul>
<li>Yes: 42.9%</li>
<li>No: 34.6%</li>
<li>I Don't Care: 22.6%</li>
</ul>
None of the three answers received over 50% in the poll, but it was yes that came away as the clear winner with 42.9% of the result.
This means that Beniznga readers appear to be interested in future interviews and debates happening on X.
The Musk/Trump interview — which took place about three months before <a href="https://www.benzinga.com/topic/2024-election">the 2024 presidential election</a> — spanned <a href="https://www.benzinga.com/news/24/08/40328821/trump-and-musk-interview-covers-everything-from-failed-assassination-attempt-to-kamala-harriss-no-ta">a variety of topics</a>: electric vehicles, artificial intelligence, politics, immigration and Russia.
Millions of listeners tuned into the three-hour conversation. At the time of writing, the Spaces has 28.5 million listeners and the <a href="https://x.com/realDonaldTrump/status/1823144316014911820">post </a>on X has been seen 267 million times.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent081524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The conversation with Trump and Musk was not the first 2024 election-themed Spaces event.
Musk previously hosted Florida Governor Ron DeSantis, who <a href="https://www.benzinga.com/general/social-media/23/05/32581204/desantis-declares-presidential-bid-with-musk-on-twitter-spaces-social-media-becomes-pivotal-">used the platform to announce</a> his entry into the 2024 presidential race. 
Like the Trump event, it was also marred <a href="https://www.benzinga.com/general/politics/23/05/32564924/desantis-announces-2024-presidential-run-lauds-elon-musks-commitment-to-free-speech">by glitches and delays</a>. 
Musk <a href="https://www.benzinga.com/news/24/08/40330138/elon-musk-says-hes-happy-to-host-kamala-on-x-after-trump-interview-vice-presidents-team-says-it-was">has since invited </a>Vice President Kamala Harris to interview on the platform as well.
"Happy to host Kamala on X Spaces too," Musk said.
Harris' campaign team seemed to deny the invite with a response.
"Trump's entire campaign is in service of people like Elon Musk and himself — self-obsessed rich guys who will sell out the middle class and who cannot run a livestream in the year 2024," the KamalaHQ account on X said.
Many X users have said that there should be a presidential debate held on the social media site, rather than on a traditional television network where there could be bias and hidden agendas (X-owner Musk is a major <a href="https://www.benzinga.com/news/24/07/39804113/exclusive-elon-musk-is-burning-his-own-blue-bridges-by-donating-to-trump-says-market-expert">Trump donor and supporter</a>).
Trump and Harris <a href="https://www.benzinga.com/general/politics/24/08/40265985/trump-vs-harris-2024-presidential-election-candidates-agree-to-sept-10-debate-could-more-faceoff">have agreed to</a> a presidential debate with Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) owned ABC on Sept. 10. Trump was hesitant to accept this media outlet as he has a pending lawsuit with the media company and believes he will be treated unfairly.
NewsNation, which is a unit of Nexstar Media Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>), has <a href="https://www.benzinga.com/general/politics/24/08/40170953/trump-vs-harris-presidential-debate-dilemma-solved-media-outlet-pitches-alternative-that-would-s">pitched hosting a debate</a> that would come from a non-partisan media company.
The first 2024 presidential debate was watched by 47.9 million people and set records for CNN. Viewership for the debate was down from the first debates of the 2016 and 2020 elections.
While some candidates may be against doing interviews or debates on X, the social media platform could represent one of the future mediums of politicians to connect with potential voters.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/08/40355353/harris-vs-trump-vice-president-leads-2024-election-poll-by-3-points-shows-strength-among-indepen">Harris Vs. Trump: Vice President Leads 2024 Election Poll by 3 Points, Shows Strength Among Independent, Young Voters</a></li>
</ul>
Image: Shutterstock

Social Media

Politics

Exclusives

Musk, Trump X Spaces Sparks Discussion: Benzinga Readers Say More Talks Should Be Hosted On Social Media

Barrington Research analyst James Goss maintains Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) with a Outperform and maintains $200 price target.

Barrington Research Maintains Outperform on Nexstar Media Gr, Maintains $200 Price Target

Deutsche Bank analyst Benjamin Soff maintains Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) with a Buy and lowers the price target from $207 to $205.

Deutsche Bank Maintains Buy on Nexstar Media Gr, Lowers Price Target to $205

Wells Fargo analyst Steven Cahall maintains Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) with a Overweight and lowers the price target from $221 to $209.

Wells Fargo Maintains Overweight on Nexstar Media Gr, Lowers Price Target to $209

Benchmark analyst Daniel Kurnos reiterates Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) with a Buy and maintains $225 price target.

Reiteration

Benchmark Reiterates Buy on Nexstar Media Gr, Maintains $225 Price Target

5 analysts have shared their evaluations of Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $209.2, a high estimate of $225.00, and a low estimate of $200.00. This current average has increased by 3.05% from the previous average price target of $203.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1723150863_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Nexstar Media Gr among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Goss</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>James Goss</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$225.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>James Goss</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Steven Cahall</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$221.00</td>
<td>$190.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Nexstar Media Gr. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Nexstar Media Gr compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Nexstar Media Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Nexstar Media Gr's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NXST/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Nexstar Media Gr analyst ratings.</a>
<h2>About Nexstar Media Gr</h2>
Nexstar Media Group Inc is the largest television station owner-operator in the United States with over 200 stations in 116 markets. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has stations in 12 of the top 20 television markets and reaches 68% of us TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.
<h3>A Deep Dive into Nexstar Media Gr's Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Nexstar Media Gr displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 2.15%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Communication Services sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Nexstar Media Gr's net margin excels beyond industry benchmarks, reaching 13.63%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Nexstar Media Gr's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.58% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Nexstar Media Gr's ROA stands out, surpassing industry averages. With an impressive ROA of 1.46%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 2.95, Nexstar Media Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

5 Analysts Assess Nexstar Media Gr: What You Need To Know

Nexstar Media Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) shares are trading lower after the company reported a&nbsp;second-quarter&nbsp;FY24 net revenue increase of&nbsp;2.3%&nbsp;Y/Y to&nbsp;$1.269 billion,&nbsp;missing <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40247201/nexstar-media-group-reports-record-second-quarter-net-revenue-of-1-27-billion" rel="noreferrer noopener">the consensus of&nbsp;$1.297 billion</a>.
Revenues from Advertising rose&nbsp;2.2%&nbsp;Y/Y to&nbsp;$522 million. The increase was driven by a $37 million rise in election-related political ads, offsetting a $24 million drop in non-political ad revenue due to a weak advertising market.
Distribution revenue gained&nbsp;5.5%&nbsp;Y/Y to&nbsp;$734 million. This growth was driven by favorable distribution contract renewals, rate escalators, increased vMVPD subscribers, new CW affiliations, and the return of partner stations on one MVPD.
Adjusted EBITDA jumped&nbsp;18.8%&nbsp;Y/Y to&nbsp;$398 million, and the margin expanded to&nbsp;31.4%&nbsp;from&nbsp;27.0%&nbsp;a year ago.
EPS was&nbsp;$3.54, up from&nbsp;$2.64&nbsp;in the prior year quarter and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">below the consensus of&nbsp;$4.01.</a>
Adjusted free cash flow totaled&nbsp;$78 million, up from&nbsp;$74 million&nbsp;in the prior year quarter.
As of June 30, 2024, unrestricted cash stood at $146 million. The company&#8217;s quarterly return of capital to shareholders was $190 million.
Perry A. Sook, Nexstar&#8217;s Chairman and Chief Executive Officer, said, &#8220;During the quarter, we continued executing on our plan at The CW, reducing operating losses by $33 million year-over-year and $83 million year-to-date as our organizational and programming changes are driving improved cash flows and the third consecutive quarter of ratings growth in primetime entertainment programming.&#8221;
&#8220;Looking ahead, we expect to benefit from anticipated record levels of political spending on broadcast <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">television in the second half of the year</a>.&#8221;
Investors can gain exposure to the stock via&nbsp;WBI BullBear Value 3000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBIF#NYSE">WBIF</a>) and&nbsp;WBI BullBear Quality 3000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBIL#NYSE">WBIL</a>).
Price Action: NXST shares are down 3.30% at $166.22 at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/08/40170953/trump-vs-harris-presidential-debate-dilemma-solved-media-outlet-pitches-alternative-that-would-s" target="_blank" rel="noreferrer noopener">Trump Vs. Harris Presidential Debate Dilemma Solved? Media Outlet Pitches &#8216;Alternative That Would Satisfy Both Candidates&#8217;</a></li>
</ul>

Equities

Guidance

WBIF

WBIL

Nexstar's Stock Dips: Q2 Earnings Fall Short Amid Mixed Advertising Market

Nexstar Media Expects To Benefit From Anticipated Record Levels Of Political Spending On Broadcast Television In H2

Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) reported quarterly earnings of $3.54 per share which missed the analyst consensus estimate of $4.01 by 11.72 percent.&nbsp;

Earnings Misses

Nexstar Media Gr Q2 2024 GAAP EPS $3.54 Misses $4.01 Estimate

Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) reported quarterly sales of $1.269 billion which missed the analyst consensus estimate of $1.297 billion by 2.15 percent. This is a 2.34 percent increase over sales of $1.240 billion the same period last year.

Nexstar Media Gr Q2 Sales $1.269B Miss $1.297B Estimate

Plans for an upcoming presidential debate between Kamala Harris and Donald Trump have hit a roadblock ahead of the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
Each candidate is currently ready to debate at rival events, with a media company proposing a solution to get both candidates together.
What Happened: The first <a href="https://www.benzinga.com/general/politics/24/06/39563409/heres-how-many-people-watched-the-2024-presidential-debate-and-how-fox-beat-cnn-at-its-own-game">2024 presidential debate</a> between Trump and President Joe Biden may have been one of the biggest turning points in the 2024 election, with Biden later dropping out of the race.
The debate was watched by 47.9 million people and set records for Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) unit CNN, while also bringing in less viewers than the first presidential debates of 2016 and 2020.
Biden and Trump originally agreed on a second debate set for Sept. 10 on ABC News, a unit of The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>). Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) has also proposed <a href="https://www.benzinga.com/general/politics/24/07/39967679/trump-vs-harris-fox-news-proposes-another-2024-presidential-debate-how-media-company-could-be-bi">hosting a debate </a>on Sept. 17.
NewsNation, which is a unit of Nexstar Media Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>), has proposed a debate for Trump and Harris with letters sent to the two presidential candidates' teams.
"I'd like to offer an alternative that would satisfy both candidates – not to mention the American people – a fair, respectful and even-handed debate on NewsNation, co-sponsored by The Hill," Nexstar executive Sean Compton said in the letter, as reported by <a href="https://variety.com/2024/tv/news/newsnation-harris-trump-presidential-debate-1236095178/">Variety</a>.
Nexstar also owns The Hill, a political news media outlet.
"We of course are flexible on the timing, format and location of the debate, although we certainly expect it would be held in a battleground state such as Pennsylvania."
NewsNation, launched in 2001, is smaller than other media outlets that have hosted presidential debates. The outlet has attempted to be non-partisan and an alternative to media outlets that are often partisan.
"Unlike some media outlets, they are not identified as favoring either Democrats or Republicans. That's why NewsNation and The Hill are the perfect platform for an intelligent conversation about the crucial issues facing America as we head into the election."
Harris has said she will be appearing at the <a href="https://www.benzinga.com/news/24/08/40150710/donald-trump-lobs-insults-at-kamala-harris-as-campaigns-spar-over-debates">previously agreed upon</a> Sept. 10 debate with ABC News. Trump is proposing a Fox News hosted debate on Sept. 4, calling the Sept. 10 debate cancelled since Biden dropped out and due to his ongoing litigation against the media network.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent080524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: With Biden and Harris at a standstill over when, where and with which media platform a debate will be hosted, this could be a good opportunity for NewsNation to play the non-partisan card. &nbsp;
Trump has argued that an ABC-hosted debate would not be impartial due to his ongoing litigation with the media network. The former president is also pushing to make sure there is a live studio audience for a debate with Harris, something that was not part of his first debate with Biden.
Harris has pushed back <a href="https://www.benzinga.com/news/24/07/40055967/kamala-harris-hopes-trump-will-meet-her-on-the-debate-stage-if-youve-got-something-to-say-say-it-to">against Trump's claim</a> that he is willing to debate "any time, any place" in her recent comments about the presidential debates.
"Donald, I do hope you'll reconsider meeting me on the debate stage," Harris recently said. "If you've got something to say, say it to my face."
NewsNation hosted the fourth Republican debate during the 2024 election, which was skipped by Trump. The debate had around 4.1 million viewers for NewsNation.
Unlike past debates that were not exclusive to one media network, media companies are now fighting to land the rights to be the home of debates.
CNN was the lucky winner of the rights to the first debate, but also allowed simulcasting of the event, which benefitted Fox, who had strong viewership.
With the 2024 election nearly three months away, voters may be excited about the notion of Trump and Harris facing off head-to-head in a debate for the first time.
With or without the debate, Nexstar is <a href="https://www.benzinga.com/general/politics/24/03/37550422/trump-ready-to-debate-biden-anytime-anywhere-anyplace-how-media-companies-shareholders-could-be-">viewed as a potential winner </a>among media stocks with increased spending during the 2024 election as the owner of America's largest local broadcasting network with 200 owned or partner stations in 116 U.S. markets.
Check This Out:
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent080524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Shutterstock

FOXA

Trump Vs. Harris Presidential Debate Dilemma Solved? Media Outlet Pitches 'Alternative That Would Satisfy Both Candidates'

Nexstar Media Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NYSE">NXST</a>) short percent of float has risen 4.35% since its last report. The company recently reported that it has 2.12 million shares sold short, which is 7.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.63 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Nexstar Media Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722885320_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Nexstar Media Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Nexstar Media Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Nexstar Media Gr's peer group average for short interest as a percentage of float is 9.68%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(NXST) - Analyzing Nexstar Media Gr's Short Interest

In a recent episode of CNBC&#8217;s &#8220;Mad Money,&#8221; host Jim Cramer suggested that three media stocks are likely to perform well in the lead-up to the upcoming presidential election.
What Happened: Cramer, who is known for his stock recommendations, highlighted Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>), and Nexstar Media Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) as potential winners in the media sector, CNBC <a href="https://www.cnbc.com/2024/07/31/jim-cramer-recommends-three-media-stocks-in-the-run-up-to-the-election.html">reported</a> on Wednesday.
He pointed out that the upcoming election could significantly impact these companies, with increased viewership and political ad spending likely to boost their revenues.
"As much as I really do loathe talking politics on the show, I think the suddenly close election gives you an opportunity to try to profit from some of the media stocks that are about to be inundated with both viewers and political ad dollars," he said.
Regarding Fox, Cramer emphasized the potential growth from its live programming, particularly sports and news, due to its extensive deals with the NFL and college football. He also predicted a surge in viewership for Fox News in the months leading up to the November election.
He also recommended The New York Times, suggesting that a close election or a win by former President Donald Trump would further boost the company&#8217;s stock. Cramer noted that Trump&#8217;s presidency had driven increased news engagement and subscriber growth for the Times.
As for Nexstar, Cramer highlighted the company&#8217;s local TV stations, which could generate significant advertising revenue as candidates and super PACs invest in commercials over the next three months, particularly in battleground states.
However, Cramer cautioned that Nexstar is more of a trade than an investment and could face challenges post-election, similar to many traditional TV companies.
"When you look at the polling, suddenly we've got a close race," Cramer said. "Putting aside the polling, what really matters are the expectations, because Wall Street's an expectations machine."
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/40004774/dow-jumps-over-650-points-following-inflation-data-fear-greed-index-moves-to-neutral-zone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dow Jumps Over 650 Points Following Inflation Data: Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone</a>
Why It Matters: The media landscape is poised for significant changes as the 2024 presidential election approaches. Cramer has previously suggested that a second term for Trump could positively impact the stock market, as Trump's policies might favor market growth. 
Cramer pointed out that Trump&#8217;s reliance on stock market performance to gauge his success could <a href="https://www.benzinga.com/markets/equities/24/06/39562285/jim-cramer-says-trumps-return-to-white-house-could-be-good-for-your-portfolio-hate-him-or-like-h">lead to bullish measures</a>.
Additionally, Cramer has identified stocks that could <a href="https://www.benzinga.com/markets/equities/24/07/39785609/jim-cramer-says-these-stocks-could-soar-or-sink-if-trump-wins-2024-election">soar or sink if Trump wins</a> the 2024 election. He noted that the recent assassination attempt on Trump has intensified speculation about his chances of reelection. Cramer remarked, &#8220;After this weekend, it sure seems like the Trump stocks are back,&#8221; but he also warned that market dynamics can shift rapidly.
The race between Vice President Kamala Harris and Trump is particularly tight, with recent polls showing a narrow lead for Trump, <a href="https://www.benzinga.com/news/24/07/39999519/trump-vs-harris-latest-survey-indicates-positive-signs-for-this-candidate">according to a survey</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40002999/bitcoin-ethereum-dogecoin-move-sideways-as-trump-raises-pro-crypto-pitch-why-does-this-ana?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Move Sideways As Trump Raises Pro-Crypto Pitch &#8211; Why Does This Analyst Think Longing King Crypto Could Soon Be A Good Option?</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Press Releases

The CW Network and Gray Media Renew Affiliation Agreements for 38 Local Television Stations Across the Country

Nexstar Media Group to Participate in Upcoming Investor Conferences

Nexstar Media Names Scott Weaver Senior Vice President of Government Relations

Nexstar Media Group to Report 2024 Third Quarter Financial Results, Host Conference Call and Webcast on November 7

Nexstar Television Stations in Augusta, Georgia; Monroe, Louisiana; Wichita Falls, Texas; Terre Haute, Indiana; and Utica, New York, to Become CW Network Affiliates

Nexstar Media Raises Nearly $1.5 Million to Date for Hurricane Relief Efforts

Dennis Miller to Depart as President of The CW Network on October 31

Nexstar Media Group to Expand Presence in Cleveland With Acquisition of WBNX-TV/TV55

The CW Network Brings Shoppable TV to ACC Football in Innovative Partnership With Shopsense AI

Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share

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