“Nexstar delivered solid first quarter Net Revenue, Adjusted EBITDA, and Adjusted Free Cash Flow, driven by record first quarter distribution revenue and disciplined expense management.”
That’s the official assessment from Nexstar Media Group founder and Chairman/CEO Perry Sook. And, its a statement that could require some explanations for investors, as net revenue fell by nearly 4%, net income shrank by close to 42%, Adjusted EBITDA declined by 15.7%, and Adjusted Free Cash Flow dipped by 10.5%.
The challenges for linear local media in a non-political year were nevertheless met as expected.
