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NextGen TV Debuts On 5 Little Rock Stations
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NextGen TV Comes to Little Rock
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Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Little Rock, AR
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Nexstar Reports 1Q Net Revenue Up 2%
The increase to $1.1 billion from 1Q 2020 was boosted by a higher distribution fee revenue (up 13%) and digital revenue growth of 18%. Core ad revenue was down 1.4%.
By Mark K. Miller | May 4, 2021 | 7:34 a.m. ET.
Nexstar Media Group this morning reported financial results for the first quarter of 2021 that included net revenue of $1,113,931, an increase of 2% from the same quarter of 2020.
Core ad revenue totaled $412 million, down 1.4% from $417 million in 1Q 2020.
Political ad revenue was $5.4 million, down 90.2% from a year ago.
Distribution fee revenue grew 13% to $621 million.
Digital revenue climbed 17.6% to $66 million.
Other revenue fell 29.1% to $9.1 million.