Nexstar Media Group(NASDAQ) NXST

Nexstar Media Group, Inc. helps people watch local television. The company provides free news and entertainment to millions of viewers. Its network helps businesses reach customers through targeted video ads.

Channels and Content

• Television Broadcasting: Network of 265 stations across 132 markets affiliated with networks like ABC and NBC.
• National Networks: Ownership of The CW and NewsNation, a national cable news channel.
• Digital Media: Collection of 176 local websites and 292 mobile applications.
• Advertising Platforms: Includes Premion, a service for advertising on connected television devices.

Scaling Up via Mergers

• Completed the merger with TEGNA on March 19, 2026, to expand station ownership and advertising reach.
• Acquired an 81.1% ownership interest in The CW to move into national network broadcasting.
• Refinanced $1.7 billion in debt with 7.25% senior unsecured notes due in 2034.
• Integrated Premion, an advertising platform focused on streaming and over-the-top video services.

Serving Local Communities

Nexstar operates stations in 132 markets across 44 states and the District of Columbia. The company uses local service agreements to provide sales and programming support to stations owned by independent third parties.

Revenue and Debt Data

• Net revenue rose 62.2% to $2.0 billion in the second quarter of 2026.
• Advertising revenue increased 81.5% to $859 million in the three-month period ended June 30, 2026.
• Total outstanding debt reached $11.7 billion as of June 30, 2026.
• Political advertising revenue was $147 million in the second quarter of 2026.
• The company returned $113 million to shareholders through dividends during the six-month period ended June 30, 2026.

Bottom Line

Nexstar has evolved from a local station operator into a national media company through major acquisitions like TEGNA and The CW. This scale allows the company to reach audiences through traditional broadcast, cable news, and digital media.