secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000950170-22-022896
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexstar posts record Q3 revenue $1.27B, net income $287.5M; acquires 75% of CW Network
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- Q3 net revenue $1.27B (+9.7% YoY); net income $287.5M (+70% YoY); adjusted EBITDA $488.8M (+19.1%).
- Political ad revenue surged 942.7% to $129.3M; core ad fell 7.6% to $399.7M.
- Distribution revenue $641.7M (+3.7%); digital revenue $85.7M (+5.7%).
- Closed acquisition of 75% stake in The CW Network; new $1.5B share repurchase authorized.
- CEO Perry Sook extended through March 2026; Board to recommend declassification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000095017022022896/0000950170-22-022896-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000095017022022896/nxst-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022896

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