Leave it to the stock market to provide a story like this.
Nexstar Broadcasting, owner of KSNF in Joplin and de facto owner of KODE, announced Thursday that net revenues were down 12.8 percent in the fourth quarter and eight percent for 2005, but since the final figures were higher than company officials had predicted, Nexstar's stock price increased another 12 cents, closing at $4.26 Thursday.
In a news release, CEO Perry Sook blamed a decrease in political advertising and put a positive spin on the decreased revenues, saying non-political revenues were up 0.8 percent.
And, of course, everything will come up roses in 2006 now that the retransmission deals are in place, Sook indicated.
Has anyone ever noticed that Matt Blunt and this fellow sure look a lot alike?
ReplyDeleteSmart money is buying this publicly held company as it is managed appropriately for each stations market size and they know what they are doing. The stocks are incredibly undervalued right now and there is CASH to be made!
ReplyDeleteWhether you want to believe that, or just keep wishing this company foul for unspoken reasons (Bad, Bad "self-appointed "Journalist",)Nexstar is undervalued and the stock is at a bargain price!