• Nexstar Revenues, Income Increase In Second Quarter 2022

    by Perry Michael Simon
    August 4, 2022 at 5:24 AM (PT)
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    Political Revenues Rise

    A big jump in political advertising revenue and growth in digital revenue helped offset a slump in core advertising revenue at NEXSTAR MEDIA GROUP, which saw second quarter 2022 net revenue rise 10% year-over-year to $1.245 billion and net income grow 13.4% to $226.5 million. Political revenue jumped 920% to $86.7 million, while core ad revenue fell 2.5% to $413 million and digital revenue rose 20.2% to $88.2 million. The company does not break out results from its sole radio property, News-Talk WGN-A/CHICAGO.

    NEXSTAR also signed Chairman/CEO PERRY A. SOOK to a contract extension, adding three years to take SOOK's deal through MARCH 31, 2026 at a base salary of $3 million per year plus bonuses and automatic one-year renewals.

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