Highest-materiality recent filing
Nexstar posts record Q2 revenue of $2.0B; net income $113M, Adj. EBITDA $633M
Net revenue $1.99B (+62.2% YoY) driven by TEGNA acquisition and $147M political ad revenue.
Nexstar closes TEGNA acquisition for $3.7B; federal court halts further integration
Pro forma revenue $2.0B in Q1 2026, net income $98M ($2.95 diluted EPS).
Nexstar posts record Q1 net revenue of $1.4B; closed TEGNA acquisition on March 19
Net revenue $1.396B (+13.1% YoY); net income $160M (+64.9%); adjusted EBITDA $470M (+23.4%).
Nexstar issues $1.725B of 7.250% Senior Notes due 2034 to refinance 2027 notes
$1,725M aggregate principal of 7.250% Senior Notes due 2034 issued on April 2, 2026.
Issued $3,390M of 6.500% Senior Secured Notes due 2033 to repay bridge facility and refinance existing term loan.
Nexstar closes $22/sh TEGNA acquisition with $2.9B in new debt financing
Nexstar completed acquisition of TEGNA on March 19, 2026, for $22.00 per share in cash.
Offers $3,390M senior secured notes due 2033 and $1,725M senior unsecured notes due 2034 in private placement.
Nexstar Q4 net loss $170M; revenue down 13.4% to $1.29B; guides FY26 EBITDA $1.95-2.05B
Q4 net loss of $170M vs net income of $229M a year ago; Adjusted EBITDA $433M, down 31.1% YoY.
Nexstar to acquire TEGNA for $6.2B; Q3 revenue $1.20B, adjusted EBITDA $358M
Definitive agreement to acquire TEGNA Inc. for $6.2B; expected close second half 2026, subject to regulatory approvals.
Nexstar and TEGNA receive DOJ Second Request; HSR waiting period extended; close expected by H2 2026
On Oct 30, parties received a Second Request from DOJ under HSR Act review of Nexstar-TEGNA merger.
Nexstar extends CEO Perry Sook via amended agreement through March 2029
Base salary set at $3M; target annual bonus of 200% of base salary.
Nexstar to acquire TEGNA for $22/share cash, $6.2B total value
Purchase price of $22.00 per share, a 31% premium to TEGNA's 30-day average stock price.
Nexstar Q2 net revenue $1.23B (-3.2% YoY), net income $91M (-14.2%), Adjusted EBITDA $389M (-6%)
Distribution revenue $733M (flat YoY); advertising revenue $475M (-9%) due to $36M drop in political to $9M.
Nexstar completes $3.98B refinancing; extends maturities, reduces SOFR spreads
New facilities: $1,905M Term Loan A due 2030, $1,300M Term Loan B due 2032, $750M revolver due 2030, $75M Mission revolver due 2030.
Nexstar Q1 net revenue $1.23B (-3.9%); net income $97M (-41.9%); dividend raised 10%
Net revenue $1.23B (-3.9% YoY); net income $97M (-41.9%); diluted EPS not reported.
Nexstar posts record Q4 net revenue of $1.49B, net income $229M; guides 2025 EBITDA $1.5B-$1.595B
Q4 net revenue $1.488B (+14.1% YoY) driven by $254M political ad revenue (+$223M YoY).
Nexstar raises quarterly dividend 10% to $1.86/share, payable Feb 26
Quarterly dividend increased 10% to $1.86 per share, twelfth consecutive annual increase.
Nexstar Q3 record net revenue $1.37B, net income $180M, adjusted EBITDA $510M
Record Q3 net revenue $1.37B (+20.7% YoY); distribution rev $719M (+20.2%), advertising rev $622M (+22.2%) with $154M political.
Nexstar eliminates EVP & CRO role; Michael Strober to depart Oct 30
Position of Executive VP and Chief Revenue Officer eliminated for streamlined structure.
Nexstar Media Group reports record Q2 net revenue $1.27B; net income $106M, Adjusted EBITDA $398M
Net revenue $1.27B (+2.3% YoY); distribution revenue $734M (record, +5.5%); advertising $522M (+2.2%) including $45M political.
Nexstar declares $1.69 dividend, authorizes $1.5B buyback; adds IPG CFO to board
Quarterly dividend of $1.69 per share, payable Aug 23, 2024 to holders of record Aug 9, 2024.
Nexstar Q1 2024: record net revenue $1.28B, net income up 90% to $167M, dividend raised 25%
Net revenue $1.284B (+2.1%); net income $167M (+89.8%); Adjusted EBITDA $542M (+9.3%).
Nexstar reports Q4 net revenue $1.3B, adjusted EBITDA $411M, issues 2024 guidance $2.085-2.195B
Q4 net revenue $1.304B, down 12.3% YoY; distribution revenue up 14.3% to $704M.
Nexstar Media raises quarterly dividend 25% to $1.69/share; 11th consecutive annual increase
New quarterly dividend of $1.69/share, up from $1.35, representing a 3.8% annualized yield.
Nexstar Media Group reports Q2 2023 financial results
Press release issued on August 8, 2023 for quarter ended June 30, 2023.
Michael Biard named Nexstar President & COO effective Aug 21; Tony Wells joins Board
Michael Biard, former Fox Corp President of Operations & Distribution, appointed Nexstar President & COO effective Aug 21, 2023.
Nexstar extends employment of Sean Compton through 2027 and Dana Zimmer through 2026
Sean Compton (President, Networks) extended to Sept 18, 2027; base salary $1M/year effective Sept 19, 2023.
Nexstar Q1 revenue record $1.26B (+3.9% YoY); net income falls 65% to $88M
Record Q1 net revenue of $1.257B, up 3.9% YoY; operating income $204M (down 38%).
On March 21, 2025, Dennis FitzSimons gave notice to Nexstar Media Group, Inc (“Nexstar”) and its Board of Directors (the “Board”) of his intent not to stand for re-election as a director of Nexstar.
On September 30, 2024, executive management of Nexstar Media Group, Inc. (the “Company”) notified Michael Strober that it has eliminated his position of Executive Vice President and Chief Revenue Officer in favor of a more streamlined organizational structure. Mr. Strober will leave the Company on October 30, 2024 pursuant to the terms of his employment agreement, unless otherwise mutually agreed.
appointed Ellen Johnson as a member of the Board, effective October 1, 2024.
On January 16, 2024, I. Martin Pompadur gave notice to Nexstar Media Group, Inc (“Nexstar”) and its Board of Directors (the “Board”) of his intent not to stand for re-election as a director of Nexstar.
Mr. Biard will assume his new role from Thomas Carter, who has been named Senior Advisor effective August 21, 2023
On July 25, 2023, Nexstar Media Group, Inc. (the “Company”) announced the appointment of Michael Biard, 54, as President and Chief Operating Officer of the Company effective August 21, 2023.
On October 3, 2022, Nexstar Media Group, Inc. a Delaware Corporation (“Nexstar”), issued a press release announcing that Dennis Miller, a member of Nexstar’s Board of Directors (“Board”) since 2014, has stepped down from the Board effective immediately in connection with the closing of Nexstar’s acquisition of The CW Network, LLC (“The CW”).
On July 28, 2021, the Board of Directors of Nexstar Media Group, Inc. (the “Company”) formally appointed Lee Ann Gliha, 46, as Executive Vice President and Chief Financial Officer of the Company effective August 9, 2021.
Max materiality 1.00 · Median 0.60 · Most common event earnings