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IRVING, Texas - Nexstar Media Group, Inc. (NASDAQ:NXST), a media powerhouse with a market capitalization of $6 billion and strong financial health according to InvestingPro analysis, announced that Jimmy Kimmel Live! will return to its owned and partner television stations affiliated with the ABC Television Network starting Friday.
The company said it had discussions with executives at The Walt Disney Company to address concerns that led to the temporary removal of the late-night show from its stations. Nexstar did not specify the nature of these concerns or how long the program had been off air.
"We have had discussions with executives at The Walt Disney Company and appreciate their constructive approach to addressing our concerns," Nexstar stated in a press release.
The media company emphasized its commitment to protecting First Amendment rights while producing content that serves local communities. Nexstar highlighted its role as a local broadcaster that aims to deliver "fact-based and unbiased" news.
"We stand apart from cable television, monolithic streaming services, and national networks in our commitment — and obligation — to be stewards of the public airwaves and to protect and reflect the specific sensibilities of our communities," the company added.
Nexstar Media Group operates America’s largest local television broadcasting group with more than 200 owned or partner stations across 116 U.S. markets. The company reaches approximately 220 million people through its various media properties, which include The CW network and NewsNation.
The company stated that its decisions throughout this process were made "independent of any external influence from government agencies or individuals."
In other recent news, Nexstar Media Group reported its Q2 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $3.06, compared to the forecasted $2.81. The company also reported revenue of $1.23 billion, slightly above the anticipated $1.21 billion. Nexstar announced a significant all-cash acquisition of TEGNA for $6.2 billion, valuing TEGNA at $22 per share, a 31% premium over its average 30-day stock price. This acquisition, approved by both companies’ boards, will create a broadcasting entity covering 80% of US households. Following this announcement, Guggenheim and Benchmark both raised their price targets for Nexstar to $250, maintaining a Buy rating. Guggenheim highlighted the deal’s potential for over 40% free cash flow accretion. Meanwhile, Nexstar decided to continue preempting "Jimmy Kimmel Live!" on its ABC-affiliated stations due to comments made by Kimmel, pending assurances of constructive dialogue. These developments reflect Nexstar’s strategic moves and ongoing commitment to growth.
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