Nexstar's FCF and Capital Allocation
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Nexstar Content is Valuable
Nexstar produced and programmed content drives its ratings and revenues.
Valuable Network
Relationships
OCBS
12:00
FOX
abc
my
NBC
TV
•
#1, #2 or #3 affiliate for every major
broadcast network
Airing sports, news, lifestyle and
entertainment content
Owned Broadcast
Networks
•
Nexstar
MEDIA GROUP, INC.
Nexstar Produces 300,000 Hours of Local Content Each Year
Nexstar Local Station
Content Viewership
Nexstar's local news and other
produced/acquired content is
responsible for more than half of the
viewership of its local stations.
Local advertisers value the local
audiences Nexstar delivers.
Four Book Average (July - Oct 2022) Nexstar
Station Viewership by Content Type
Source: Nielsen
Nexstar Local Station
Advertising Revenue
Nexstar's local news and other local
and syndicated content accounts for
approximately 70% of stations' core
advertising revenue.
2021 Nexstar Station Advertising Revenue
by Content Type
THE
JW
Network
<<REWIND
ANTENNA
TV
Content,
PLAYBACK THE 80's & 90's ▸▸
34%
PH
Owns The CW, America's 5th major
broadcast network
Owns and created Antenna TV (ranks
in top half of cable networks in terms
of viewership) and Rewind TV
Nexstar
Content
(Local and
Syndicated),
66%
Network
Content,
30%
Nexstar
Content
(Local and
Syndicated),
70%
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