Other indicators were also good for the company:
Nexstar recorded a net loss of $12.6 million for full year 2009, versus a $78 million loss in 2008. Nexstar reported profit of $967,000 in the fourth quarter, compared with a $21.2 million loss during the same period in 2008. Net revenue for the quarter was $74 million, an 8% decline for the period. Excluding political, net revenue was up 11%. The company said revenue rose thanks to improved ad conditions and retransmission fees among other factors. National revenue was up 10.5% to $17.5 million while local revenue rose to $44 million during the fourth quarter, a 6% rise.
The earnings call transcript can be found at this link.
Nexstar Broadcasting owns KSNF in Joplin and KSFX in Springfield and operates KODE in Joplin and KOLR in Springfield.