Tuesday, March 18, 2008

Nexstar Broadcasting stock continues to drop

Less than 10 months ago, Nexstar Broadcasting stock stood at $14.98 per share, but that price has dropped steadily since that time.
At the close of trading Monday, Nexstar stock had dropped another 18 cents per share to $5.96 per share.

That being said, Nexstar stock is still doing better than that of Saga Communications, owner of KOAM and KFJX in the Joplin/Pittsburg market. Despite an increase of 16 cents per share Monday, Saga stock is still lagging at $5.63.
Nexstar Broadcasting owns KSNF in Joplin and KSFX in Springfield, and is the de facto owner of KODE in Joplin and KOLR in Springfield.

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