---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-134753"
form_type: "8-K"
ticker: "NXST"
cik: "0001142417"
company_name: "NEXSTAR MEDIA GROUP, INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T04:54:10.344421+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nexstar Q1 2024: record net revenue $1.28B, net income up 90% to $167M, dividend raised 25%

## Summary
- Net revenue $1.284B (+2.1%); net income $167M (+89.8%); Adjusted EBITDA $542M (+9.3%).
- Distribution revenue all-time high $761M (+4.5%); advertising $512M (-1%) with political $39M.
- The CW losses reduced $50M YoY; primetime ratings up two sequential quarters.
- Dividend increased 25% to $1.69/share; $111M stock buyback (666,574 shares at ~$166.11).
- Sold BMI stake for $40M gross; adopted separation of Chair and CEO roles effective after Sook departure.

## SEC filing metadata
- accession: 0001193125-24-134753
- form_type: 8-K
- ticker: NXST
- cik: 0001142417
- company_name: NEXSTAR MEDIA GROUP, INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1142417/000119312524134753/0001193125-24-134753-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000119312524134753/d789117d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-134753
- JSON: https://secwatch.observer/filing/0001193125-24-134753.json
- Plain text: https://secwatch.observer/filing/0001193125-24-134753.txt

## Key facts
- Earnings Releases
  NEXSTAR MEDIA GROUP, INC. reported the quarter ended March 31, 2024 results: revenue $1.28 billion, net income $167 million.
  - Period: the quarter ended March 31, 2024
  - Revenue: $1.28 billion
  - Net income: $167 million
  - Result: reported results
  source text: an ATSC 3.0, or NextGen TV, signal from a Nexstar owned or operated station following the Chicago and San Diego market launches. Net Revenue. Record first quarter net revenue of $1.28 billion, increased by $27 million, or 2.1%, reflecting growth in distribution revenue, partially offset by a slight decline in advertising and other revenue. Approximately 59% of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000119312524134753/0001193125-24-134753-index.htm

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