Nexstar Completes ATSC 3.0 Rollout in All Top 25 U.S. Markets
NXST sits 17% above its 52-week low of $154.47.
Summary
Nexstar has completed the ATSC 3.0 transition in Cleveland, the last major U.S. market without the next-gen broadcast standard. This milestone means NextGen TV is now deployed across all top 25 DMAs, effectively achieving nationwide availability. The Cleveland launch was enabled by Nexstar's 2024 acquisition of WBNX-TV, whose spectrum resolved prior structural limitations. The upgrade unlocks new revenue opportunities, including data delivery services through the EdgeBeam Wireless joint venture. This follows the FCC's upcoming vote on August 6 to eliminate the national TV ownership cap, which could further reshape Nexstar's competitive landscape.
At the time of this announcement, NXST was trading at $180.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $154.47 to $254.30. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.