secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001142417-26-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexstar posts record Q1 net revenue of $1.4B; closed TEGNA acquisition on March 19
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- Net revenue $1.396B (+13.1% YoY); net income $160M (+64.9%); adjusted EBITDA $470M (+23.4%).
- Closed TEGNA acquisition on March 19; contributed $106M revenue and $31M Adj. EBITDA for 13 days.
- Political advertising surged to $41M (election year); non-political TV advertising down slightly.
- Debt $12.2B; pro forma first lien net leverage 2.94x; repaid $28M debt in Q1 and $182M through April 30.
- Facing legal challenges to TEGNA acquisition; abide by hold-separate order.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000114241726000027/0001142417-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000114241726000027/nxst-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001142417-26-000027

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