secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001142417-25-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000114241725000004/0001142417-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000114241725000004/nxst-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001142417-25-000004

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