secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019124
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexstar Q1 revenue record $1.26B (+3.9% YoY); net income falls 65% to $88M
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- Record Q1 net revenue of $1.257B, up 3.9% YoY; operating income $204M (down 38%).
- Adjusted EBITDA $491M (down 23.9%); attributable free cash flow $383M (down 31.9%).
- Board approved 50% dividend increase to $1.35/share; returned $225M to shareholders in Q1.
- Distribution revenue record $728M (+9.0%); digital revenue record $92M (+16.5% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000095017023019124/0000950170-23-019124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000095017023019124/nxst-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019124

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