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Raises For Everyone at Nexstar?
['Scott Jones']
FTVLive
If you listened to the suit-and-ties over at Nexstar, you’d think they were throwing money at everyone.
Nexstar Media Group posted its second-quarter earnings report on Thursday, and surprise—they’re rolling in green.
The company recorded a whopping $2.0 billion in net revenue for the quarter, bringing in $113 million in net income and $633 million in adjusted EBITDA.
All told, operating cash hit $298 million, with $238 million in adjusted free cash flow.
Naturally, they found $57 million to hand out to shareholders in dividends and paid down $409 million in debt.