Nexstar Media Intrinsic Stock Value – NEXSTAR MEDIA Announces Multi-Year Broadcast Deal with CW Network for LIV Golf League

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Nexstar Media Intrinsic Stock Value – NEXSTAR MEDIA ($NASDAQ:NXST), one of the leading media companies in the U.S., has announced a multi-year broadcast deal with the CW Network for the LIV Golf League. The LIV Golf League, backed by Saudi Arabia, is a new golf league that is set to launch in 2023. The CW Network is renowned for its young-audience-oriented dramas and is jointly owned by Warner Bros., Discovery and Paramount. It is a perfect fit for the LIV Golf League, which is targeting a younger audience and is looking to capitalize on the growing interest in golf.

This deal marks a major milestone for the LIV Golf League as it looks to gain exposure in the sports world. It also owns or operates local news and programming websites, as well as offers mobile applications and social media sites. The company’s portfolio also includes Nexstar Digital, which provides digital marketing services, websites and applications that reach millions of users every month. It will provide a platform for the LIV Golf League to gain exposure and reach a wider audience, while helping NEXSTAR MEDIA to expand its portfolio of broadcast offerings and reach new audiences.

Market Price

The new broadcast deal with CW Network will enable NEXSTAR MEDIA to bring the LIV Golf League, which is a professional golf tour and lifestyle brand, to television viewers in every major market in the United States. The agreement further solidifies NEXSTAR MEDIA’s position as a leader in broadcasting professional sports leagues. On Thursday, NEXSTAR MEDIA stock opened at $181.5 and closed at $182.3, down by 0.7% from prior closing price of 183.6. Despite the slight dip in its stock price, analysts remain bullish on NEXSTAR MEDIA, citing the long-term value of the new broadcast agreement and its potential to drive viewership and revenue growth.

It will enable the company to broaden its reach and attract more viewers to its programming. With the LIV Golf League now part of its lineup, NEXSTAR MEDIA is sure to capitalize on the growing popularity of professional golf. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Nexstar Media are shown below. More…

VI Analysis – Nexstar Media Intrinsic Stock Value

Nexstar Media Group Inc. (NXST) is a media and entertainment company that owns, operates, and provides services to local television and digital media properties. The company has a strong portfolio of television and digital properties that provide news, entertainment, and other programming to local communities. VI app has made it easy to analyze the company’s fundamentals and potential. The VI Line fair value of the company’s stock is estimated to be around $166.6. Currently, the stock is trading at $182.3, which is overvalued by 9%. This indicates that investors may want to take a closer look at the stock before investing. Nexstar Media Group Inc. has a strong balance sheet and has shown consistent growth in its revenue and operating income over the last few years. Its debt-to-equity ratio is well below industry average, which indicates that the company is not heavily leveraged. The company also has a healthy cash position and is generating positive free cash flow. Moreover, Nexstar Media Group Inc. also has a strong presence in the media and entertainment industry with its television and digital properties. As a result, investors should consider these factors before investing in the company’s stock. More…

VI Peers

The company competes with Sinclair Broadcast Group Inc, Fox Corp, and Klassik Radio AG in the provision of local news and entertainment programming.

– Sinclair Broadcast Group Inc ($NASDAQ:SBGI)

Sinclair Broadcast Group Inc is a publicly traded company with a market cap of 1.26B as of 2022. The company operates in the broadcasting industry and owns and operates, programs, or provides sales and other services to television stations in the United States. As of 2018, Sinclair Broadcast Group Inc operated a total of 193 television stations. The company also owns and operates four regional sports networks, a digital program network, and a cable network channel.

– Fox Corp ($NASDAQ:FOXA)

Fox Corporation is an American media company that is primarily involved in the production and distribution of news and entertainment content. The company has a market capitalization of 15.38 billion as of 2022 and a return on equity of 11.49%. Fox Corporation is the parent company of a number of media businesses, including the Fox News Channel, Fox Business Network, Fox Sports, and Fox Television Stations.

– Klassik Radio AG ($LTS:0EXW)

Klassik Radio AG is a German radio station that offers a wide range of classical music. It has a market cap of 22.97M as of 2022 and a return on equity of 14.02%. The company’s mission is to promote the appreciation of classical music and to make it accessible to as many people as possible.

Summary

NEXSTAR Media recently announced a multi-year broadcast deal with the CW Network for the LIV Golf League. The broadcasting agreement is expected to bring a new level of visibility to the league, as well as provide NEXSTAR Media with significant media exposure. Investors have reacted positively to the news, as it could lead to increased viewership and higher advertising revenue for the company. The long-term outlook for NEXSTAR Media looks strong, as they have proven to be a reliable source of quality content and are committed to offering the best in entertainment.