Wednesday, November 07, 2007

Good news brings stock market lift for Nexstar Broadcasting

The news that Nexstar Broadcasting, which owns or operates KSNF and KODE in Joplin, and KSFX and KOLR in Springfield, managed to make up for loss of political advertising during the off year with new revenue streams, was welcomed on Wall Street.
Nexstar's stock was up 39 cents per share at closing Tuesday, climbing to $9.55 a share.
In a news release issued Tuesday, the company said it had made up for the lost revenue through new media (internet) and retransmission payments.

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