Ad Boost
Nexstar, the largest TV station group, got a boost from midterm political ad spending as well as a rise in distribution and digital revenue in the second quarter.
The company reported net income of $226.5 million, a rise of 13.4%, in the period ended June 30. Revenue rose to $1.25 billion, up 10%, from the same period a year earlier. The results beat analysts consensus estimates, as did earnings per share.
“Our results benefitted from strong year-over-year growth in political advertising, di