Nexstar sees record 16% lift in Q2 revenues
Nexstar Broadcasting Q2 net revenue rose 16.4% to a record $146.9 million. That growth drove Q2 operating income of $34.9 million, broadcast cash flow of $58.7 Million, adjusted EBITDA of $49.6 million. Nexstar saw a 72% jump in digital media revenue in Q2 to $13.3 million. The higher mix of the digital business helped push up margins for the company.