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Nexstar Sets the Stage with a $1.5 Billion Additional Share Repurchase – Buyback Wednesdays

  • August 7, 2024

Last month after we published a C-suite transitions article about the broadcasting company TEGNA (TGNA), I got a chance to discuss a smaller competitor Entravision Communications (EVC) and the broadcasting segment in general with a professional investor. He had been following a group of broadcasters for a decade and felt that both TEGNA and Nexstar were high quality names in this segment. I did a deep dive into TEGNA and picked it as a spotlight idea for our August 2024 Special Situations Newsletter.

When I noticed that Nexstar had announced a large stock buyback, I was excited at the opportunity to learn more about one of the biggest players in the broadcasting segment.

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