Nexstar Broadcasting's stock took a major leap yesterday, up 42 cents at the close of trading, to $8.31 per share. It wasn't that long ago that the stock dipped below $4, but it has been on an upward incline since then.
Nexstar Broadcasting owns KSNF in Joplin and KSFX in Springfield, and is de facto owner of KODE in Joplin and KOLR in Springfield.
Still not the $11 it was when it went public a few years ago but certainly on the rise. What reason is being attributed to the jump? Is the cash from the cable agreement more profitable than Cable One and others around the country are leading us to believe? Remember, this rise is coming in the year before a presidential election...these odd years are not typically profitable for TV stations.
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