---
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"
generated_at: "2026-05-17T17:06:44.893846+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nexstar Q2 net revenue $1.23B (-3.2% YoY), net income $91M (-14.2%), Adjusted EBITDA $389M (-6%)

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001142417-25-000004
- JSON: https://secwatch.observer/filing/0001142417-25-000004.json
- Plain text: https://secwatch.observer/filing/0001142417-25-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.