{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-268039","form_type":"8-K","ticker":"NXST","cik":"0001142417","company_name":"NEXSTAR MEDIA GROUP, INC.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.886458+00:00","generated_at":"2026-05-16T23:22:25.248560+00:00","sec_items":["2.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Nexstar to acquire TEGNA for $6.2B; Q3 revenue $1.20B, adjusted EBITDA $358M","bullets":["Definitive agreement to acquire TEGNA Inc. for $6.2B; expected close second half 2026, subject to regulatory approvals.","Q3 2025 net revenue $1.20B, down 12.3% YoY due to lower political advertising.","Net income $65M, down 63.9% YoY; adjusted EBITDA $358M, down 29.8%.","Distribution revenue $709M (-1.4%); advertising revenue $476M (-23.5%) due to $145M drop in political.","Adjusted free cash flow $166M, down 49.2%; debt repaid $25M, dividends $56M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-268039","json":"https://secwatch.observer/filing/0001193125-25-268039.json","markdown":"https://secwatch.observer/filing/0001193125-25-268039.md","text":"https://secwatch.observer/filing/0001193125-25-268039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1142417/000119312525268039/0001193125-25-268039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1142417/000119312525268039/nxst-20251106.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:22:25.248560+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"}