Core Insights - Capital Management Corp sold 29,799 shares of Nexstar Media Group, valued at approximately $5.82 million, during the fourth quarter, reducing its position in the company [1][2] - Nexstar's stock has increased by 41.1% over the past year, significantly outperforming the S&P 500's 15% gain in the same period [3] Company Overview - Nexstar Media Group reported a total revenue of $5.15 billion and a net income of $517 million for the trailing twelve months [4] - The company has a dividend yield of 3.50% and its stock price was $212.38 as of February 1, 2026 [4] - Nexstar operates a diversified portfolio of television stations and digital media properties, generating revenue primarily from advertising and retransmission fees [5][7] Financial Performance - In its most recent quarterly release, Nexstar reported $1.20 billion in revenue, a 12% decrease year over year, primarily due to a decline in political advertising [9] - The net income for the quarter was $65 million, with adjusted EBITDA at $358 million and free cash flow remaining solid at $166 million [9] Investment Positioning - After the sale, Nexstar still represents 4.25% of Capital Management Corp's $610.07 million in reportable U.S. equity assets, indicating ongoing confidence in the company's performance [3][10] - The company remains a top-five holding for the fund, reflecting its strong position in the media landscape and potential benefits from future political advertising cycles [10][11]

Group 1 - MediaCo Holding Inc. has launched its 2026 Political Team, consisting of over 100 personnel dedicated to political advertising and engagement [1] - The focus of the team will be on local markets, particularly swing states, to maximize political advertising effectiveness [1] - The initiative will utilize MediaCo's owned and operated stations, affiliates, and digital platforms, along with advanced data and analytics for targeted engagement [1]

Core Viewpoint - Guggenheim has lowered its price target for The Trade Desk to $55.00 from $75.00 while maintaining a Buy rating, citing competitive headwinds and near-term uncertainty [1] Group 1: Competitive Landscape - Investor focus remains on macroeconomic conditions and competitive pressures, particularly from Amazon's demand-side platform [1] - Analysts noted that the narrative of Amazon gaining DSP market share could negatively impact sentiment until The Trade Desk shows revenue reacceleration, expected to begin in the second quarter of 2026 [2] Group 2: Company Strategy and Performance - The Trade Desk's management is targeting 100% adoption of its Kokai platform by year-end, up from over 70% in the second quarter [1] - Advertising demand trends are consistent with late second-quarter levels, although consumer packaged goods and auto brands are facing tariff-related pressures [2] Group 3: Future Outlook - Guggenheim forecasts growth driven by connected TV adoption, political advertising in 2026, and audio monetization [3] - The firm considers 2025 a transition year, supported by the Kokai rollout, headcount expansion, and new leadership hires [3]