Nexstar Media Group Inc Stock Price, News & Analysis

NewsNation (NYSE:NXST) and Xsolla announced a content partnership to produce a co-branded gaming vodcast series focused on gaming culture, business, and technology. The series launched with a premiere filmed at Gamescom in August 2025 and will produce ten full-length episodes between 2025 and 2026. Episodes will air on NewsNation and stream on YouTube, Spotify, Apple Music, and social platforms, pairing host Cher Hwang with Xsolla executives, partners, and developers. Production includes studio episodes in Chicago and on-location industry shoots.

The Professional Bowlers Association (PBA) and The CW Network (NXST) have announced their 2026 PBA Tour schedule, featuring 20 hours of professional bowling coverage across 10 consecutive Sunday afternoons. Starting February 22, 2026, "PBA Championship Sundays on The CW" will air live at 4:00 PM ET, beginning with the PBA Players Championship in Arlington, Texas.

The schedule includes four major championships: the PBA Players Championship, U.S. Open, USBC Masters, and PBA Tournament of Champions. Additional events include the Pete Weber Missouri Classic and the Roth/Holman Doubles Championship. The partnership aims to attract younger and more diverse audiences through simplified schedules and expanded storytelling across platforms.

Nexstar Media Group (NASDAQ: NXST) has announced the return of "Jimmy Kimmel Live!" to its ABC-affiliated television stations starting tonight. This announcement follows successful discussions with The Walt Disney Company executives regarding Nexstar's concerns.

The company emphasized its commitment to First Amendment principles, unbiased local and national news coverage, and serving community interests. Nexstar highlighted its distinct role as a local broadcaster compared to cable TV, streaming services, and national networks, stressing that its decisions were made independently without external influence.

Nexstar Media Group (NASDAQ: NXST) has announced that its ABC-affiliated television stations will continue to preempt "Jimmy Kimmel Live!" The decision follows what ABC described as Kimmel's "ill-timed and insensitive" comments during a sensitive period in national discourse.

The company will maintain this preemption until there are assurances of respectful and constructive dialogue in their markets. While the show remains available on Disney's streaming platforms, Nexstar stations will focus on local news and market-relevant programming.

Nexstar Media Group (NASDAQ: NXST) has announced that its ABC-affiliated television stations will indefinitely preempt "Jimmy Kimmel Live!" starting tonight. The decision comes in response to controversial comments made by Jimmy Kimmel regarding the killing of Charlie Kirk.

Andrew Alford, President of Nexstar's broadcasting division, stated that Kimmel's comments were deemed offensive and insensitive to their local communities. The company will replace the show with alternative programming in its ABC-affiliated markets, citing the need to promote respectful and constructive dialogue.

WPIX-TV (PIX11) has renewed its multi-platform agreement with SNY to broadcast New York Mets games through 2028. The extended partnership includes 30 games per season from 2026-2028, featuring 25 regular season games primarily as Friday night "Mets Game of the Week" and 5 spring training games.

The coverage expands beyond New York City to include Nexstar-owned stations in Albany, Binghamton, Syracuse, Utica, and Hartford. Each broadcast will include a 30-minute pregame show and authenticated online streaming in local markets. SNY will continue producing the broadcasts with the team of Gary Cohen, Keith Hernandez, Ron Darling, and Steve Gelbs.

Nexstar Media Group (NASDAQ: NXST) has announced its executive management's participation in four major institutional investor conferences during September and October 2025.

The company's leadership, including Chairman and CEO Perry A. Sook and EVP and CFO Lee Ann Gliha, will participate in fireside chat presentations at the Citi Global TMT Conference (Sept 3), BofA Media Conference (Sept 4), and Goldman Sachs Communacopia (Sept 8). Additionally, President and COO Michael Biard will attend Deutsche Bank's Leveraged Finance Conference (Oct 14).

Live webcasts and replays will be available for the Citi, BofA, and Goldman Sachs presentations through Nexstar's website.

Nexstar Media Group (Nasdaq: NXST) has entered into a definitive agreement to acquire TEGNA Inc. (NYSE: TEGNA) for $6.2 billion in a cash transaction valued at $22.00 per share, representing a 31% premium to TEGNA's 30-day average stock price.

The combined entity will operate 265 full-power television stations across 44 states, covering 80% of U.S. television households. The transaction is expected to generate $300 million in annual synergies and be over 40% accretive to Nexstar's standalone Adjusted Free Cash Flow in the first year after closing.

The deal, expected to close by second half of 2026 subject to regulatory approvals, will strengthen Nexstar's position in key markets including Atlanta, Phoenix, Seattle, and Minneapolis, while enhancing its ability to compete with Big Tech and legacy media companies.

Nexstar Media Group (NASDAQ: NXST) reported Q2 2025 financial results with net revenue of $1.23 billion, down 3.2% year-over-year. The company achieved net income of $91 million and Adjusted EBITDA of $389 million. Distribution revenue remained relatively flat at $733 million, while advertising revenue decreased 9% to $475 million.

Key operational highlights include The CW ascending to the #8-ranked network overall and NewsNation becoming the fastest-growing network year-over-year. The company completed refinancing of credit facilities and term loans, strengthening its capital structure. Nexstar returned $106 million to shareholders through dividends and share repurchases while repaying $101 million in debt.