Nexstar Broadcasting Group said Wednesday that it will
postpone the release of its first quarter results to Friday, May 15. The
broadcaster had been scheduled to release results today, May 13.
While Nexstar gave no reason for the delay, the announcement
comes two days after the company said executive vice president and chief
financial officer Matthew Devine resigned to pursue other opportunities.
Nexstar's vice president, controller and secretary Shirley
Green will serve as interim CFO, the company said.
"We appreciate Matt's contributions over the last three
years, and we wish him continued success in his future endeavors," Nexstar CEO
Perry Sook said in a statement. "Our finance department is well-staffed,
experienced and capable, and we are confident that Shirley will facilitate a
smooth transition while we identify and appoint a new CFO."
Nexstar has been an aggressive proponent of cash for
retransmission consent from cable operators. Retransmission consent revenue forthe broadcaster rose 27% to $21.8 million in 2008.
The smarter way to stay on top of the multichannel video marketplace. Sign up below.