secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0000950170-22-019246
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexstar closes 75% acquisition of The CW Network; Dennis Miller named President
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- Nexstar acquired 75% ownership stake in The CW for no consideration; WBD and Paramount each retain 12.5%.
- Dennis Miller stepped down from Nexstar board to become President of The CW, replacing Mark Pedowitz.
- WBD and Paramount will produce 12 original scripted series for 2022/2023 broadcast season.
- Nexstar expects The CW to become profitable by 2025 with investment in low 9-figures.
- Mark Pedowitz departs after 11 years as Chairman/CEO; will support transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000095017022019246/0000950170-22-019246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000095017022019246/nxst-20221003.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019246

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer