secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001193125-24-134753
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000119312524134753/0001193125-24-134753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000119312524134753/d789117d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-134753

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