{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-028342","form_type":"8-K","ticker":"NXST","cik":"0001142417","company_name":"NEXSTAR MEDIA GROUP, INC.","filed_at":"2025-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.035666+00:00","generated_at":"2026-05-26T01:02:51.417287+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Nexstar posts record Q4 net revenue of $1.49B, net income $229M; guides 2025 EBITDA $1.5B-$1.595B","bullets":["Q4 net revenue $1.488B (+14.1% YoY) driven by $254M political ad revenue (+$223M YoY).","Q4 net income $229M (margin 15.4%), adjusted EBITDA $628M (margin 42.2%), adjusted free cash flow $411M.","Distribution revenue $714M (+1.4%); returned $230M to shareholders in Q4, $820M in 2024 (68% of adj. FCF).","Reduced shares outstanding by 8.9% in 2024; net leverage 2.91x; repaid $327M debt during the year.","Full-year 2025 adjusted EBITDA guidance range $1.5B-$1.595B; dividend increased for 12th consecutive year."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-028342","json":"https://secwatch.observer/filing/0000950170-25-028342.json","markdown":"https://secwatch.observer/filing/0000950170-25-028342.md","text":"https://secwatch.observer/filing/0000950170-25-028342.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1142417/000095017025028342/0000950170-25-028342-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1142417/000095017025028342/nxst-20250227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T01:02:51.417287+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}