2024-03-07 01:13:23 ET
Summary
- Nexstar Media Group is anticipated to see a significant rebound in Political Advertising given the upcoming U.S. Presidential Election.
- While net revenue came under pressure in Q4 2023, as compared to the prior year quarter, operating expenses also saw a decline during this period.
- I take a bullish view of Nexstar Media Group.
Investment Thesis: I take the view that Nexstar Media Group has the capacity for further upside on the basis of an anticipated rebound in Political Advertising revenue....
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Nexstar Media: Political Advertising Revenue Could Aid Earnings Growth