Nexstar Optimistic on Surviving 2009

Mar 5, 2009  •  Post A Comment

Nexstar Broadcasting President-COO Perry Sook says his company will “survive in 2009,” TVNewsday reports. Nexstar, along with Gray and LIN, has been trading at under $1 per share, but Sook said during the company’s earnings conference call that Nexstar expects around $25 million in retransmission revenue and some $15 million for e-media revenue, the site says. The company has been able to reduce its debt by 2.8% in the last year to $646.3 million, TVNewsday adds.
—Sergio Ibarra

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