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Nexstar To Repurchase $200M In Shares

Y2kTheNewOldies

Y2kTheNewOldies

http://www.tvnewscheck.com/article/113220/nexstar-to-repurchase-200m-in-shares/format/print

Here is an update on Nexstar shares.

Nexstar Media Group today approved an expansion of the company’s share repurchase authorization for up to an additional $200 million of repurchases of its Class A common stock.

The expansion brings the total capacity under Nexstar’s share repurchase program to approximately $252.4 million when combined with the approximate $52.4 million remaining under its prior authorization as of Dec. 31, 2017.

Perry A. Sook, Nexstar chairman, president and chief executive officer, said in a statement: “The expanded repurchase authorization reflects our confidence in the company's growing free cash flow from operations and our commitment to allocating capital to repurchases, dividends, leverage reduction, select opportunistic accretive transactions and other purposes that can enhance shareholder value.
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