Nexstar Media Group, Inc. (Nasdaq: NXST) has announced that its Board of Directors approved an expansion of the Company´s share repurchase authorization for up to an additional USD 300 million of repurchases of its Class A common stock, the company said.
The expansion brings the total capacity under Nexstar´s share repurchase program to approximately USD 384.2 million when combined with the approximate USD 84.2 million remaining under its prior authorization as of June 30, 2020.
As of June 30, 2020, Nexstar had approximately 45.3 million shares of Class A common stock outstanding (the only class of shares outstanding).
Nexstar Media Group is a diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. For more information visit www.nexstar.tv.