Nexstar Boosts Board and Shareholder Value Initiatives

An update from Nexstar Media Group (NXST) is now available.

Nexstar Media Group has appointed Ellen Johnson, the current Executive Vice President and CFO of Interpublic Group, to its Board of Directors, effective from October 1, 2024. Johnson, who brings extensive financial and leadership experience, will stand for election at Nexstar’s annual stockholders’ meeting starting in 2025. Compliant with NASDAQ and SEC independence requirements, Johnson’s compensation aligns with that of other non-employee Board members. Additionally, Nexstar announced a dividend payout and a new $1.5 billion share repurchase program, complementing an existing repurchase initiative. These financial strategies underscore Nexstar’s commitment to delivering shareholder value.

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