nexstar media group political contributions

The company has become particularly adept at organizing those particularly where -- in markets where we have a presence virtually in the entire state like in Illinois like in Tennessee, Texas, Pennsylvania. One is, you talked about local news and viewership. Third quarter capex should come in at approximately $40 million, and we're still expecting approximately $160 million for the entire year. Overall, we are encouraged by early signs of recovery across our station footprint, as nearly all of our markets have reopened in some form and key economic indicators, including employment and consumer spending, are improving. But so far, through this normal people in all age groups are tuning to our local news broadcast in increasing numbers. The company is the largest television station owner in the United States, owning 197 television stations across the U.S., most of which are affiliates with the four "major" U.S. television networks. Nexstar undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Perry, please go ahead. We will travel more in the third quarter than we did in the second quarter.
Reflecting the shares repurchased to date, Nexstar has approximately 45.7 million shares of Class A common stock outstanding (the only class of shares outstanding) and has approximately $156.8 million available under its share repurchase authorization. Those are factored into our projections and analysis and our retrans revenue is, again, we forecast attrition into our budgeting process, and we are at budget on retrans revenue and our projections through the end of this year. Sorry.

And I guess on a related note, in terms of categories, just given the importance of the auto category, anything you can give us in terms of how that rebound is shaping up and what you're expecting from auto in the next couple of months?

Such delays resulted in operating revenue of $31.54 billion.Verizon's media revenue that covers Yahoo, HuffPost and TechCrunch was hit with as companies reduced their ad spending. Armstrong Williams (born February 5, 1962) is an American political commentator, entrepreneur, author, and talk show host. As a result, Nexstar's business is well-positioned to withstand the near-term decline in … We also believe that Adjusted EBITDA is useful to investors and lenders as a measure of valuation and ability to service debt. In this regard, we have hired or promoted 11 general managers, added two regional vice presidents and promoted four finance department executives to support our expanded operations as well as added four corporate executives to manage content acquisition/WGNA, distribution, sales and corporate communications. The other leg two legs to the stool from our perspective, distribution revenue has been strong, continues to be strong, as Perry mentioned, we're on budget for the year. A webcast replay will be available for 90 days following the live event at Is GM Stock A Buy As General Motors Soars With Hummer EV. two quickies. Thank you for that. AT&T is trying to catch up its larger streaming rivals. However, nobody is populating our New York offices because of the public transportation requirements, and they don't feel safe, and there's certainly no mandate to do that. So that score has already been put on the board, for the most part. So that's a very positive initial indication. As a reminder, Nexstar's only covenant is our first lien debt covenant which is the aforementioned 4.25x.In addition to our leverage reduction activity, during the first quarter we allocated $25.7 million toward cash dividend payments and another $72.6 million to opportunistically repurchase just short of one million shares of Nexstar Class A common stock, reducing our basic share count to 45.2 million shares outstanding at quarter end. And we've heard that from some of the political advertising agencies that this is going to be the primary means of communication through the campaign at least maybe until the late stages when people feel comfortable congregating. Okay. But I mean, Q2 will be the worst of it in our view. Nexstar Media Group is a leading 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. Our capital structure is in great shape from a cost of capital maturity and ability to access -- to address leverage in addition our service to our local communities and the local and national advertisers has never been stronger.Our disciplines in these areas have driven significant growth as well as consistency and visibility of results. "It's the first time that the pricing of such a big listing - the largest in human history - has been determined outside New York City" he told the Bund Summit in the eastern financial hub of Shanghai. For the second quarter of 2020, we anticipate recording approximately $25 million in TV Food network distribution. And it during in that era, it would tend to be the place to go when something an event occurred, but some of the other news more partnered newscast where politically would sort of gather the their base in more normal times. "And when you do something, again, as traditional as a discounted cash flow from an intrinsic value standpoint, the company's not that overvalued," he said.Photo courtesy of Square. So just any help kind of framing your thoughts on sort of the magnitude of that opportunity? So I can tell you that we -- the feedback has been a, none of our peer group appear to be doing this; and b they appreciate the time and the goodwill created by spending the time to focus on their business and how we could be helpful and an agent of change going forward. Reflecting first quarter 2020 repurchases, we have reduced our issued and outstanding share count to approximately 45.3 million and we remain confident in our unique positioning in this environment to again generate positive free cash flow in the current quarter. The revenue numbers break down to: Core advertising […] And we're particularly gratified by that kind of execution producing those kinds of results.
The Company’s first lien net leverage ratio at June 30, 2020 was approximately 3.11x compared to a covenant of 4.25x. Not sure where in Perry's answer we got cut off. On the return of capital front, in late June, we declared our third quarterly cash dividend at the new $0.56 per share level, which was 24% ahead of last year's payout.

People are here, unless they have compromised immunities or child care or senior care issues they have to deal with and we're making allowances for that.


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