secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000950170-24-021647
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexstar reports Q4 net revenue $1.3B, adjusted EBITDA $411M, issues 2024 guidance $2.085-2.195B
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- Q4 net revenue $1.304B, down 12.3% YoY; distribution revenue up 14.3% to $704M.
- Q4 GAAP net income $100M, adjusted EBITDA $411M (31.5% margin), attributable FCF $265M.
- Full-year 2023: revenue $4.933B, adjusted EBITDA $1.469B, FCF $847M.
- FY 2024 adjusted EBITDA guidance: $2.085B to $2.195B.
- Returned $137M to shareholders in Q4 via buybacks and dividends; reduced shares by 8.7% in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000095017024021647/0000950170-24-021647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000095017024021647/nxst-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-021647

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