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Relatively High Debt to EBITDA Ratio Detected in Shares of Nexstar Media-A in the Broadcasting Industry (NXST, MEG, ETM, SALM, GTN)

By Nick Russo

Below are the three companies in the Broadcasting industry with the highest debt to EBITDA ratios. This ratio indicates how many years of EBITDA would be necessary in order to pay back all the debt (assuming Debt and EBITDA are constant). Typically, this ratio is considered to be alarming when it is greater than 3.0 but this can vary and should be looked at within the context of the industry.

Nexstar Media-A ranks highest with a a debt to EBITDA ratio of 9.3. Following is Media General with a a debt to EBITDA ratio of 9.2. Entercom Comm-A ranks third highest with a a debt to EBITDA ratio of 5.9.

Salem Media Grou follows with a a debt to EBITDA ratio of 5.8, and Gray Television rounds out the top five with a a debt to EBITDA ratio of 5.7.

SmarTrend recommended that subscribers consider buying shares of Gray Television on June 13th, 2017 as our technology indicated a new Uptrend was in progress when shares hit $13.65. Since that recommendation, shares of Gray Television have risen 7.0%. We continue to monitor Gray Television for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to ebitda ratio nexstar media-a media general entercom comm-a salem media grou gray television