Feed / NXST

Nexstar Media Group, Inc.

NXST

Communication Services · 169.98 +3.2% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Nexstar Media Group, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Company+3.2% todayVolume comparison unavailable
Market group0 of 1 activeBroadcasting · unavailable
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
  • Nexstar's merger financing increased net interest expense by 59.3% in the latest three-month period.
  • Cash payment for the acquisition of TEGNA’s equity was $3,341 million in the quarter; monitor any change in the reported cash paid for the acquisition.

Invalidation: The isolated read changes if NXST's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Communication Services · Broadcasting

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Nexstar's merger financing increased net interest expense by 59.3% in the latest three-month period.
  • Cash payment for the acquisition of TEGNA’s equity was $3,341 million in the quarter; monitor any change in the reported cash paid for the acquisition.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements116
Verified relationships0
Evidence supporting the case
  • Operating cash flow covered net income at 8.17x in the latest annual period.
Evidence challenging the case
  • Latest annual revenue changed -8.5% year over year.
  • Operating margin changed -6.3 percentage points in the latest annual period.
  • Net margin changed -11.2 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

169.98
6m-30.7%12m-16.1%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$4.6B+3.3%$18.98-5.9%
2022-12-31$5.2B+12.1%$24.16-8.6%
2023-12-31$4.9B-5.3%$9.64-10.8%
2024-12-31$5.4B+9.6%$21.41-8.5%
2025-12-31$4.9B-8.5%$3.00-6.4%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
This was primarily due to net additional borrowings to finance the acquisition of TEGNA, refinance certain existing debt and loan repayments of $3,107 million, as well as $18 million cash paid for shares withheld for taxes and $107 million payments for debt f…
10-Q · Aug 7, 2026
Capital investment and capacitymixed · 4 filings
Cash Flows—Investing Activities Net cash flows used in investing activities increased $3,252 million during the three months ended March 31, 2026, compared to the same period in 2025, primarily due to the $3,341 million payment for the acquisition of TEGNA’s…
10-Q · May 8, 2026
Restructuring and cost reductionsnegative · 3 filings
During the year ended December 31, 2023, Nexstar recorded a goodwill impairment of $ 19 million (and $ 16 million impairment on definite-lived intangible assets) attributable to a separate digital reporting unit.
10-K · Feb 27, 2026
Legal and regulatory exposuremixed · 2 filings
The transaction is anticipated to close by the second half of 2026, subject to the satisfaction of certain customary conditions, including receipt of regulatory approvals.
10-K · Feb 27, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

169.98+3.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for NXST. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for NXST. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind NXST

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

NXST is currently a Leader in the organic co-movement group Broadcasting. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

This group is retained as the last observed read for NXST; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.