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NewsNation Parent Nexstar Raises Dividend Despite Q1 Revenue Decline, Stock Soars

Benzinga
Summary
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77% Informative

Nexstar Media Group reported first-quarter FY25 net revenue decrease of 3.9% year over year (Y/Y) Revenues from Advertising declined 10.2% Y/Y to $460 million .

Company repurchased shares worth $75 million in the quarter .

Board of Directors raised the quarterly cash dividend by 10% to $ 1.86 per share.