secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001193125-26-073384
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000119312526073384/0001193125-26-073384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000119312526073384/nxst-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-073384

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