Positive Outlook at Nexstar as Tribune Acquisition Closes

Nexstar Media Group (NXST) has been one of Northlake’s best performing stocks this year.  The shares are up 38%, including a gain of about 10% since the company reported third quarter earnings last week.  NXST has attracted investors due to its highly accretive acquisition of Tribune, which makes NXST the largest owner of local TV […]

CBS Meets Reduced Expectations as Viacom Merger Looms

CBS reported 3Q19 earnings in line with reduced Wall Street expectations in its last quarter as standalone company.  The merger of Viacom and CBS to create ViacomCBS should close in the first half of December.  CBS shares represent the newco as Viacom shareholders will exchange their shares for CBS shares. CBS shares have declined sharply […]