Nexstar Media Group, Inc. (NASDAQ:NXST) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET

Company Participants

Joe Jaffoni - Investor Relations
Perry Sook - Founder, Chairman & Chief Executive Officer
Mike Biard - President & Chief Operating Officer
Lee Ann Gliha - Chief Financial Officer

Conference Call Participants

Dan Kurnos - Benchmark
Benjamin Soff - Deutsche Bank
Steven Cahall - Wells Fargo
Jason Bazinet - Citibank
Craig Huber - Huber Research Partners
Jim Goss - Barrington Research
Barton Crockett - Rosenblatt

Operator

Good day, and welcome to Nexstar Media Group's Third Quarter 2024 Conference Call. Today's call is being recorded.

I will now turn the conference over to Joe Jaffoni, Investor Relations. Please go ahead, sir.

Joe Jaffoni

Thank you, Sashi, and good morning, everyone. I'll 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 today's call.

For additional details on these risks and uncertainties, please see Nexstar's annual report on Form 10-K for the year ended December 31st, 2023, 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 Founder, Chairman and Chief Executive Officer, Perry Sook. Perry, please go ahead.

Perry Sook

Thank you, Joseph and good morning, everyone. We appreciate you all being with us today. With me here on the call, as always, are Mike Biard, our President and Chief Operating Officer; and Lee Ann Gliha, our Chief Financial Officer. I will start with a summary of recent highlights, followed by Mike's operations review and Lee Ann's financial review, and then we'll open the call for your questions.

Nexstar delivered another quarter of financial results for the record books. We achieved the highest third quarter total net revenue in the company's history comprised of all-time high third quarter distribution and advertising revenue, including record political advertising revenue.