Nexstar Third-Quarter Net Income Rises Sharply on Tegna Acquisition
Nexstar reported net income of $255 million, or $7.92 a share, up from $70 million, or $2.14 a share. The company attributed revenue growth to its Tegna acquisition and the midterm election season.
By Rob CurranNexstar Media's third-quarter net income rose sharply as the local television chain's acquisition of rival Tegna and the midterm election season bolstered revenue growth.The television broadcaster posted earnings of $255 million, or $7.92 a share, up from $70 million, or $2.14 a share…