Nexstar Media Group Inc Stock Price, News & Analysis

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.

Nexstar Media Group (NASDAQ: NXST) has declared a quarterly cash dividend of $1.86 per share of common stock. The dividend will be paid on August 29, 2025, to shareholders of record as of August 15, 2025.

While the company has expressed its intention to continue regular quarterly dividend payments, future dividends will be subject to quarterly review and Board approval.

Nexstar Media Group (NASDAQ: NXST) has successfully raised nearly $1.4 million to help flood victims in Central Texas. The company's efforts included a $50,000 donation from the Nexstar Media Charitable Foundation, split equally between The San Angelo Area Foundation and The Community Foundation of the Texas Hill Country.

The fundraising initiative featured a one-hour flood relief telethon on KLST-TV and KTAB-TV, while KXAN-TV in Austin provided continuous coverage and created a dedicated microsite for flood relief information. The station aired 22 public service announcements and coordinated with ten charitable organizations. Multiple Nexstar stations nationwide supported the effort by displaying QR codes linking to donation opportunities.

Nexstar Media Group (NASDAQ: NXST) has promoted Dan Lanzano to the newly created position of President of National Advertising Sales, effective immediately. Lanzano, who joined Nexstar in February 2024 as Senior Vice President of National Advertising Sales, will oversee all national advertising efforts including CW Sports, CW Entertainment, CW Digital, NewsNation, and the company's multicast networks.

In his new role, Lanzano will lead Nexstar's research operations, national network monetization, and paid advertising departments. He brings nearly 20 years of experience, including six years as Vice President of Advertising Sales at Warner Bros. Discovery, where he managed monetization across entertainment, lifestyle, sports, news, and streaming assets.

[ "Creation of new executive position indicates expansion of national advertising strategy", "Strategic hire brings 20 years of experience from major media companies like Warner Bros. Discovery", "Demonstrated success in growing advertising revenue and market share since joining in February 2024" ]

Nexstar Media Group (NASDAQ: NXST) has successfully completed a significant refinancing of its credit facilities through its subsidiary Nexstar Media Inc. and Mission Broadcasting, Inc. The refinancing includes a new $750 million Nexstar Revolving Credit Facility, a $75 million Mission Revolving Credit Facility (both due 2030), a $1,905 million Nexstar Term Loan A (due 2030), and a $1,300 million Nexstar Term Loan B (due 2032).

The refinancing delivers several key benefits, including extended maturities, expanded revolving credit capacity, and reduced interest rate margins. The revolving facilities and Term Loan A will bear interest at SOFR plus 150 basis points, representing a 10 basis point reduction in credit spread. Term Loan B will bear interest at SOFR plus 250 basis points, marking an 11 basis point reduction for 1-month SOFR.

Nexstar Media Group (NASDAQ: NXST) has scheduled its 2025 second quarter financial results announcement for Thursday, August 7, 2025. The company will host a conference call and webcast at 10:00 a.m. ET to discuss the results.

Participants can join via phone using the numbers +1 877-407-9208 (domestic) or +1 201-493-6784 (international) with conference ID 13753994. A live webcast will be available through Nexstar's website, with a replay accessible for 90 days following the event.

Nexstar Media Group (NASDAQ: NXST) held its 2025 Annual Shareholders' Meeting where shareholders approved all proposed items on the agenda. The key approvals included the election of all nominated Board of Directors members and the ratification of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for fiscal year 2025. Notably, shareholders strongly endorsed the executive compensation package for Named Executive Officers with approximately 95.5% support. The detailed voting results for each proposal are being filed with the SEC and will be available at www.sec.gov.