Nexstar Media Group, Inc. (NASDAQ:NXST) Q4 2023 Earnings Conference Call February 28, 2024 10:00 AM ET
Company Participants
Joe Jaffoni - Investor Relations
Perry Sook - Chairman & Chief Executive Officer
Mike Biard - President & Chief Operating Officer
Lee Ann Gliha - Executive Vice President & Chief Financial Officer
Conference Call Participants
Benjamin Soff - Deutsche Bank
Jason Bazinet - Citibank
Dan Kurnos - Benchmark
Steven Cahall - Wells Fargo
Alan Gould - Loop Capital Markets
Aaron Watts - Deutsche Bank
Craig Huber - Huber Research Partners
Jim Goss - Barrington Research
Barton Crockett - Rosenblatt Securities
Operator
Good day, and welcome to Nexstar Media Group's Fourth Quarter and Full Year 2023 Conference Call. Today's call is being recorded. I will now turn the conference over to Joe Jaffoni, Investor Relations. Thank you. Please go ahead sir.
Joe Jaffoni
Thank you, John, and good morning everyone. Let me just read the safe harbor language and then we'll get right into the call. All statements and comments made by management during today's conference call, other than statements of historical fact may be deemed forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Nexstar cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those reflected by the forward-looking statements made during this call.
For additional details on these risks and uncertainties, please see Nexstar's annual report on Form 10-K for the year ended December 31 2022 as filed with the Securities and Exchange Commission and Nexstar's subsequent public filings with the SEC. Nexstar undertakes no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise.
With that, it's now my pleasure to turn the conference over to your host Nexstar Chairman and CEO, Perry Sook. Perry, please go ahead.
Perry Sook
Thank you, Joseph, and good morning everyone. We appreciate you joining us today to discuss Nexstar's fourth quarter and full year 2023 results. With me on the call this morning are Mike Biard, our President and Chief Operating Officer; and Lee Ann Gliha,
our EVP and CFO. I'll start with a summary of recent highlights and developments followed by Mike's operational review and Lee Ann's financial review then we'll take your questions.
Nexstar's fourth quarter financial results outperformed consensus expectations in key financial metrics including adjusted EBITDA and attributable free cash flow. Validating the enduring strength reach and appeal of broadcast during the fourth quarter, we successfully completed all of our remaining distribution negotiations for Nexstar owned stations as we had expected.