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Dana Zimmer, President of Distribution & Strategy at Nexstar Media Group (NASDAQ:NXST), recently sold shares worth $159,011. The transaction, dated May 27, 2025, involved the sale of 916 shares at an average price of $173.593 per share. This sale was conducted to cover tax withholding obligations related to the settlement of restricted stock units (RSUs) and performance stock units (PSUs) that vested earlier in May. The company maintains strong financial health with a P/E ratio of 8.6 and an attractive dividend yield of 4.25%.
In addition to the sale, Zimmer acquired 2,000 shares of common stock through the conversion of RSUs and PSUs on May 23, 2025. These acquisitions did not involve any cash transactions, as the RSUs and PSUs were awarded previously and vested according to pre-established conditions.
After these transactions, Zimmer holds a total of 4,225 shares of Nexstar Media Group’s common stock.
In other recent news, Nexstar Media Group reported its Q1 2025 earnings, surpassing analyst expectations with earnings per share (EPS) of $3.37, compared to the forecasted $3.26. The company’s revenue was in line with projections at $1.23 billion, though it experienced a 3.9% decline year-over-year. Notably, Nexstar’s advertising revenue fell by 10.2%, while distribution revenue showed a slight increase. The company is optimistic about future growth, particularly in distribution revenue, and expects the CW Network to reach profitability by 2026. Nexstar’s strategic efforts include expanding sports programming and exploring new advertising models. Analysts from firms like The Benchmark Company and Wells Fargo (NYSE:WFC) have shown interest in Nexstar’s regulatory strategies and potential mergers. The company is actively pursuing deregulatory measures to enable further consolidation, which could lead to significant shareholder value.
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