Internet revenue, retransmission fees boost Nexstar Broadcasting

Ad sales may be down at Nexstar Broadcasting, but that is not having a dramatic effect on the company's bottom line, according to an article in TV Business Report.

Nexstar has seen a 15 percent increase in internet revenue and a 68 percent increase in retransmission fees:

Nexstar’s second quarter and year-to-date results demonstrate that the Company continues to be an industry leader in revenue performance in good times and bad. Second quarter results are in-line with our operating expectations for the current environment as strong aggregate year-over-year increases in retransmission consent and e-Media revenues, and the recognition of initial management fee revenue, partially mitigated the softness in spot revenue related to weak national and local economies,” said Sook.

Nexstar Broadcasting owns KSNF in Joplin and KSFX in Springfield and is de facto owner of KODE in Joplin and KOLR in Springfield.