Nexstar Q2 Revenue Up 20% on ‘Quadruple Play’

By Andrew Gauthier 

Broadcasting & Cable

Nexstar Broadcasting Group reported net revenue in the second quarter of $74.5 million, up 19.9% from the same quarter last year. Gross local revenues climbed 7.8% and gross national revenues grew a whopping 32.6%.

Retransmission fee revenue was $7.3 million, a 14% increase from the same quarter last year. Automotive advertising grew 37% in the quarter.

Taking the telco’s branding a step further, Nexstar Chairman/President/CEO Perry Sook said Nexstar’s “quadruple play” of revenue streams–traditional media, subscription based revenue, mobile and e-media–paced the group to record numbers. More…