secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001193125-24-196469
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000119312524196469/0001193125-24-196469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000119312524196469/d884568d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-196469

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