---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-073384"
form_type: "8-K"
ticker: "NXST"
cik: "0001142417"
company_name: "NEXSTAR MEDIA GROUP, INC."
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:24:28.401917+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nexstar Q4 net loss $170M; revenue down 13.4% to $1.29B; guides FY26 EBITDA $1.95-2.05B

## Summary
- Q4 net loss of $170M vs net income of $229M a year ago; Adjusted EBITDA $433M, down 31.1% YoY.
- Net revenue $1.29B down 13.4% YoY; political ad revenue plunged $233M to $21M; non-political ads up 4.5%.
- Distribution revenue $720M up 0.8% YoY; advertising revenue $549M down 27.6%.
- Proposed $6.2B TEGNA acquisition; expects close by H2 2026, subject to regulatory approvals.
- FY 2026 standalone adjusted EBITDA guidance range $1.95B to $2.05B; The CW reduced losses 32% YoY.

## SEC filing metadata
- accession: 0001193125-26-073384
- form_type: 8-K
- ticker: NXST
- cik: 0001142417
- company_name: NEXSTAR MEDIA GROUP, INC.
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1142417/000119312526073384/0001193125-26-073384-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000119312526073384/nxst-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-073384
- JSON: https://secwatch.observer/filing/0001193125-26-073384.json
- Plain text: https://secwatch.observer/filing/0001193125-26-073384.txt

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