{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-183034","form_type":"8-K","ticker":"NXST","cik":"0001142417","company_name":"NEXSTAR MEDIA GROUP, INC.","filed_at":"2025-08-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.440469+00:00","generated_at":"2026-05-17T11:20:10.377697+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Nexstar to acquire TEGNA for $22/share cash, $6.2B total value","bullets":["Purchase price of $22.00 per share, a 31% premium to TEGNA's 30-day average stock price.","Expected annual net synergies of ~$300M from revenue and operating expense reductions.","Pro forma net leverage at ~4x at close, de-leveraging to current levels by 2028.","Combined net revenue (L8Q annualized) of $8.1B, Adjusted EBITDA of $2.56B pre-synergies.","Transaction unanimously approved by TEGNA Board; expected to close by H2 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-183034","json":"https://secwatch.observer/filing/0001193125-25-183034.json","markdown":"https://secwatch.observer/filing/0001193125-25-183034.md","text":"https://secwatch.observer/filing/0001193125-25-183034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1142417/000119312525183034/0001193125-25-183034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1142417/000119312525183034/d25979d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T11:20:10.377697+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}