Nexstar Media Group Stock Price, News & Analysis

Nexstar Media Group, Inc. (NASDAQ: NXST) is a diversified media company in the U.S. television broadcasting and digital information sector. The company produces and distributes local and national news, sports and entertainment content across television and digital platforms, and is described in multiple company communications as America’s largest local television broadcasting group. Nexstar is classified within the information sector and operates in the television broadcasting industry.

According to recent company disclosures, Nexstar’s operations span both local broadcast television and national media brands. The company states that it produces more than 316,000 to 317,000 hours of programming annually across its business units, reflecting the scale of its content operations. Nexstar owns a large group of local television stations, including more than 200 owned or partner stations in 116 U.S. markets, reaching approximately 220 million people. Many of these stations are described as top network affiliates.

Local broadcasting and network affiliations

Nexstar’s core business centers on local television broadcasting. Company descriptions indicate that its station group is composed of top network affiliates, including stations affiliated with major national broadcast networks. Through these local stations, Nexstar produces extensive local news and community-focused programming. The company emphasizes its role in providing fact-based and unbiased local journalism and notes that Americans regularly rank local news as a trusted source of information.

The company’s communications highlight that Nexstar’s local stations serve communities across the United States, with programming that includes local news, public affairs, and entertainment content. Nexstar describes its commitment to serving local communities and to using its broadcast platforms to provide reliable information and forums for civic discussion.

National television properties

Beyond local stations, Nexstar owns and operates several national television properties. Company materials describe these properties as including:

• The CW, which Nexstar identifies as America’s fifth major broadcast network. Nexstar also notes that it is the largest CW affiliate group and that The CW carries a growing sports lineup, including events such as college sports and professional sports programming.
• NewsNation, described as a national news network providing “News for All Americans.” Nexstar highlights NewsNation’s growth and characterizes it as a cable news network with national reach.
• Antenna TV and Rewind TV, which the company identifies as popular entertainment multicast networks.
• A 31.3% ownership stake in TV Food Network, also referred to as TV Food Network LLC or TV Food Network, and an associated interest in Food Network and Cooking Channel in earlier descriptions.

These national properties expand Nexstar’s presence beyond local markets into nationwide broadcast and cable distribution, including news, entertainment, and sports content.

Digital news and information platforms

Nexstar also operates a portfolio of digital assets. Company descriptions state that this portfolio includes local TV station websites, the political and policy news brand The Hill, and NewsNationNow.com. Collectively, these digital properties are described as forming a Top 10 U.S. digital news and information property. This reflects Nexstar’s strategy of pairing its broadcast operations with online and mobile distribution of news and information content.

Through these digital platforms, Nexstar extends the reach of its local and national brands, providing access to news, sports, and entertainment content beyond traditional linear television. The company also highlights digital extensions of its national properties, such as NewsNation’s online presence.

Corporate developments and strategic transactions

Nexstar’s SEC filings and news releases describe several significant corporate and financing activities. In an 8-K dated August 18, 2025, the company disclosed an Agreement and Plan of Merger under which a Nexstar subsidiary, Teton Merger Sub, Inc., agreed to merge with TEGNA Inc., with TEGNA to become a wholly owned subsidiary of Nexstar upon completion of the transaction. The filing details the proposed cash consideration per share for TEGNA stockholders, the conditions to closing, regulatory approvals required, and potential termination rights and fees. The company has also reported subsequent regulatory steps, including a Second Request from the U.S. Department of Justice and applications to the Federal Communications Commission for consent to transfer TEGNA’s broadcast licenses. Company communications state that the parties expect the merger to be completed by the second half of 2026, subject to regulatory and other closing conditions.

In addition, Nexstar has reported refinancing activities. An 8-K dated June 27, 2025 describes the completion of refinancings of revolving credit facilities and term loans for Nexstar Media Inc. and Mission Broadcasting, Inc., including new term loan A and term loan B facilities and new revolving credit facilities. These facilities have specified maturities and interest rate structures tied to the Secured Overnight Financing Rate, as detailed in the filing.

Governance and leadership arrangements

Nexstar’s filings and press releases provide information on its governance and executive arrangements. An 8-K dated June 17, 2025 reports the results of the company’s Annual Meeting of Stockholders, including the election of directors, an advisory vote on executive compensation, and ratification of the independent registered public accounting firm.

An 8-K dated October 28, 2025 describes an Amended Executive Employment Agreement with the company’s Chairman and Chief Executive Officer, Perry A. Sook, with a term running from April 1, 2026 through March 31, 2029 and automatic one-year renewals thereafter. The filing outlines compensation terms, potential severance and vesting provisions in the event of certain terminations, and post-employment covenants such as a non-compete and non-disclosure obligations. A related press release notes that Mr. Sook founded Nexstar Media Group in 1996 and has led the company’s growth through numerous acquisitions.

Financial reporting and capital allocation

Nexstar regularly reports its financial results via press releases and Form 8-K filings. For example, an 8-K dated November 6, 2025 references a press release announcing financial results for the quarter ended September 30, 2025. The accompanying press release, summarized in the news data, describes net revenue, net income, Adjusted EBITDA, cash flows, and leverage metrics, as well as the company’s definitions of non-GAAP measures such as Adjusted EBITDA, Free Cash Flow, and Adjusted Free Cash Flow.

The company also discloses capital allocation decisions. 8-K filings dated August 1, 2025 and October 29, 2025 report that Nexstar’s Board of Directors declared quarterly cash dividends on its common stock, with the per-share dividend amount and payment and record dates specified. The company’s financial communications note that cash flows are used for debt repayment, dividends, and other corporate purposes.

Programming, partnerships and content initiatives

Nexstar’s news releases describe a range of programming and content initiatives across its properties. For example, the company has highlighted growth at NewsNation, noting in a third quarter 2025 press release that NewsNation was identified as the fastest growing cable network in the quarter based on year-over-year performance. The CW is reported to have achieved multiple consecutive quarters of primetime ratings growth and to have expanded its sports programming, including agreements related to college conferences and professional bull riding.

Nexstar has also announced content partnerships, such as a co-branded gaming-focused vodcast series produced with Xsolla and distributed via NewsNation and major digital platforms. This initiative is described as focusing on the culture, business, and technology of gaming, and is intended to reach audiences through both video and audio formats across NewsNation and other digital channels.

In addition, Nexstar’s ABC-affiliated stations have been the subject of programming announcements, including the return of the late-night program “Jimmy Kimmel Live!” to the company’s owned and partner ABC affiliates following discussions with The Walt Disney Company. Nexstar’s communications around this decision emphasize its stated commitment to fact-based and unbiased local and national news and to reflecting the sensibilities of the communities it serves.

Investor relations and market presence

Nexstar is listed on the NASDAQ Global Select Market under the ticker symbol NXST, as indicated in its SEC filings. The company participates in institutional investor conferences and hosts regular earnings conference calls and webcasts, which are accessible through the investor relations section of its website. Press releases describe participation in events organized by financial institutions and provide details on webcast availability.

The company’s investor communications also describe Nexstar as a diversified media company and America’s largest local broadcasting group, underscoring its dual focus on local broadcasting and national media brands. Through its combination of local stations, national networks, and digital platforms, Nexstar positions itself as a major participant in the U.S. television broadcasting and digital news landscape.

Regulatory and shareholder framework

Nexstar operates within the U.S. regulatory framework for broadcasters and public companies. Its SEC filings reference compliance with the Securities Exchange Act of 1934 and related rules, as well as regulatory approvals required from the Federal Communications Commission and antitrust authorities for transactions such as the proposed acquisition of TEGNA. The company’s proxy materials and annual meeting results reflect standard public company governance practices, including director elections, advisory votes on executive compensation, and auditor ratification.

FAQs about Nexstar Media Group, Inc. (NXST)

• What does Nexstar Media Group, Inc. do?
  Nexstar Media Group, Inc. is a diversified media company that produces and distributes local and national news, sports and entertainment content across its television and digital platforms. It owns America’s largest local television broadcasting group, national television properties such as The CW and NewsNation, multicast entertainment networks, and a portfolio of digital news and information assets.
• In which industry and sector does Nexstar operate?
  Nexstar operates in the television broadcasting industry within the broader information sector. Its activities include local broadcast television, national broadcast and cable networks, and digital news and information platforms.
• On which exchange does NXST trade?
  According to the company’s SEC filings, Nexstar’s common stock is listed on the NASDAQ Global Select Market under the trading symbol NXST.
• How extensive is Nexstar’s local television station footprint?
  Company descriptions state that Nexstar owns America’s largest local television broadcasting group, with more than 200 owned or partner stations in 116 U.S. markets, reaching approximately 220 million people. These stations include top network affiliates.
• What national media brands are associated with Nexstar?
  Nexstar identifies several national television properties, including The CW (America’s fifth major broadcast network), NewsNation (a national news network), and the multicast entertainment networks Antenna TV and Rewind TV. The company also reports a 31.3% ownership stake in TV Food Network.
• What digital assets does Nexstar own?
  Nexstar’s digital portfolio includes its local TV station websites, The Hill, and NewsNationNow.com. The company states that, taken together, these digital properties form a Top 10 U.S. digital news and information property.
• What is the TEGNA transaction mentioned in Nexstar’s filings?
  In an 8-K dated August 18, 2025, Nexstar disclosed an Agreement and Plan of Merger under which a Nexstar subsidiary will merge with TEGNA Inc., with TEGNA becoming a wholly owned subsidiary of Nexstar if the transaction closes. The filing outlines the cash consideration for TEGNA stockholders, regulatory approvals required, and conditions to closing. Subsequent filings note regulatory review steps and an expected completion timeframe, subject to those conditions.
• How does Nexstar describe its approach to news and journalism?
  Nexstar’s public statements emphasize a commitment to serving local communities by producing and airing fact-based and unbiased local and national news. The company highlights that its news is delivered by journalists who live in the communities they cover and positions its local news operations as a trusted source of information.
• What information about Nexstar’s financial performance is available?
  Nexstar provides financial results through press releases and Form 8-K filings, including net revenue, net income, Adjusted EBITDA, cash flow metrics, and leverage ratios. The company also defines non-GAAP measures such as Adjusted EBITDA, Free Cash Flow, and Adjusted Free Cash Flow in its communications and provides reconciliations to GAAP results in supplemental tables.
• Does Nexstar pay dividends?
  Yes. Multiple 8-K filings report that Nexstar’s Board of Directors has declared quarterly cash dividends on the company’s common stock, with the amount per share and payment and record dates specified in those announcements.