{"schema_version":"secwatch.filing_event.v1","accession":"0001142417-25-000004","form_type":"8-K","ticker":"NXST","cik":"0001142417","company_name":"NEXSTAR MEDIA GROUP, INC.","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.440217+00:00","generated_at":"2026-05-17T17:06:44.893846+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Nexstar Q2 net revenue $1.23B (-3.2% YoY), net income $91M (-14.2%), Adjusted EBITDA $389M (-6%)","bullets":["Distribution revenue $733M (flat YoY); advertising revenue $475M (-9%) due to $36M drop in political to $9M.","Completed refinancing of credit facilities, reducing interest rate margin, expanding revolver capacity and extending maturities.","Returned $106M to shareholders: $56M dividends, $50M share buybacks (311,998 shares at ~$159.71); repaid $101M debt.","Adjusted Free Cash Flow $101M (+31.2%) driven by lower interest, capex, and operating expenses.","The CW ranked #8 network in total audience; NewsNation fastest growing basic cable network (+50% viewership YoY)."],"urls":{"canonical":"https://secwatch.observer/filing/0001142417-25-000004","json":"https://secwatch.observer/filing/0001142417-25-000004.json","markdown":"https://secwatch.observer/filing/0001142417-25-000004.md","text":"https://secwatch.observer/filing/0001142417-25-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1142417/000114241725000004/0001142417-25-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1142417/000114241725000004/nxst-20250807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T17:06:44.893846+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"}