---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-196469"
form_type: "8-K"
ticker: "NXST"
cik: "0001142417"
company_name: "NEXSTAR MEDIA GROUP, INC."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T10:41:37.249136+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nexstar Media Group reports record Q2 net revenue $1.27B; net income $106M, Adjusted EBITDA $398M

## Summary
- Net revenue $1.27B (+2.3% YoY); distribution revenue $734M (record, +5.5%); advertising $522M (+2.2%) including $45M political.
- Net income $106M (+41.3%); Adjusted EBITDA $398M (+18.8%); Adjusted Free Cash Flow $78M (+5.4%).
- CW Network operating losses reduced by $33M YoY in Q2; third consecutive quarter of primetime ratings growth.
- Returned $190M to shareholders: $135M repurchases (847,904 shares at ~$159.21) and $55M dividends.
- Total debt $6.78B; first lien net leverage 2.19x; unrestricted cash $146M.

## SEC filing metadata
- accession: 0001193125-24-196469
- form_type: 8-K
- ticker: NXST
- cik: 0001142417
- company_name: NEXSTAR MEDIA GROUP, INC.
- filed_at: 2024-08-08T23:59:59+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/1142417/000119312524196469/0001193125-24-196469-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000119312524196469/d884568d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-196469
- JSON: https://secwatch.observer/filing/0001193125-24-196469.json
- Plain text: https://secwatch.observer/filing/0001193125-24-196469.txt

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