“Our fourth quarter financial results mark a strong finish to another successful year for Nexstar in which we delivered $5.4 billion in total net revenue — the highest in our company’s 28-year history,” Nexstar Media Group founder and Chairman/CEO Perry A. Sook said as he opened the company’s Q4 2024 earnings call on Thursday.
Was he downplaying Nexstar’s fiscal health? In late trading, “NXST” was up by nearly 12.5% from Wednesday’s closing price, marking a sharp rebound for the broadcast media industry’s best-performing stock.
