Inferra AI / Company / NXST

Nexstar Media Group, Inc.

NXST · Communication Services

Last earnings Aug 6, 2026

Key results

Revenuequarter

$391 million

Tribune Media excludes the impact of divestitures completed in connection with the transaction which accounted for approximately $391 million of revenue in 2018.

SEC original ↗Nexstar Media Group, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 19, 2025

AI analysis

Q2 2025 · reported Aug 19, 2025

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Revenue · Q2 2025

$391M

EX-99 · Aug 19, 2025

Headline figures

Metric	Q2 2025	Prior qtr	Year ago
Revenue	$391 million	—	—

EX-99 · Aug 19, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

(NYSE: TEGNA) ( TEGNA ) announced today that they entered into a definitive agreement (the Agreement ) whereby, subject to regulatory approvals, Nexstar will acquire all outstanding shares of TEGNA for $22.00 per share in a cash transaction valued at $6.2 billion, inclusive of TEGNA s net debt and estimated transaction fees and expenses.

TEGNA debt will be refinanced and/or assumed at close.

Company-stated claims

Aug 6, 2026

Historical · increased $137 million, or 135.6% · cash_flow

“Second quarter Adjusted Free Cash Flow of $238 million, increased $137 million, or 135.6%, compared to the prior year quarter, due primarily to increased Adjusted EBITDA, offset, in part, by an increase in interest expense, capital expenditures and income tax payments.”

EX-99 · Aug 6, 2026

Feb 26, 2026

Historical · increased $399 million, or (174.2% · income

“Fourth quarter net loss of ($170) million increased $399 million, or (174.2%), compared to the prior year quarter, primarily due to reduced income from impairment of an equity investment related to the performance of the TV Food Network LLC (“TVFN”) in which the Company owns a 31.3% interest, lower political advertising revenue, and increased one-time corporate expenses from the Company’s pending acquisition of TEGNA Inc.”

EX-99 · Feb 26, 2026

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

The purchase price represents a 31% premium to TEGNA s average 30-day average stock price ending August 8, 2025, the last closing stock price prior to media reports of a potential transaction

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

SEC original ↗Nexstar Media Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

TEGNA debt will be refinanced and/or assumed at close.

SEC original ↗Nexstar Media Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

After giving effect to the transaction, the incurrence of transaction-related debt, transaction expenses, and expected synergies, Nexstar expects its net leverage ratio to be approximately 4x at closing with de-leveraging to current leverage levels in 2028.

SEC original ↗Nexstar Media Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

Consistent with past transactions, Nexstar initially intends to allocate excess free cash flow to repay debt.

SEC original ↗Nexstar Media Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

Free Cash Flow is calculated as net cash provided by operating activities less capital expenditures.

SEC original ↗Nexstar Media Group, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 19, 2025

We consider Adjusted Free Cash Flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that can be available for use in ongoing operations, debt payments, pension contributions, dividends, share repurchases, acquisitions and other items.

SEC original ↗Nexstar Media Group, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 19, 2025

Strategy & priorities

Sook, commented, The initiatives being pursued by the Trump administration offer local broadcasters the opportunity to expand reach, level the playing field, and compete more effectively with the Big Tech and legacy Big Media companies that have unchecked reach and vast financial resources.

SEC original ↗Nexstar Media Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

The transaction will increase Nexstar s reach through the expansion of our presence in important DMAs such as Atlanta, Phoenix, Seattle, and Minneapolis, as well as enhance our local presence, enabling us to continue to provide the core local news and programming that is in the public s interest.

SEC original ↗Nexstar Media Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

The playbook we followed to make those transactions successful improving and increasing local content, executing on identified synergies, and quickly de-leveraging our balance sheet with free cash flow post close are the same opportunities and strategies we will use in connection with this transaction.

SEC original ↗Nexstar Media Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

Howard Elias, Chairman of TEGNA s Board of Directors commented, At TEGNA, we share Nexstar s commitment to local broadcasting, exemplified by numerous investments and initiatives, industry journalism awards, and the significant expansion of our local news content.

SEC original ↗Nexstar Media Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

TV Food Network operates two 24-hour television networks, Food Network and Cooking Channel, offering quality television, video, internet and mobile entertainment and information focusing on food and entertaining.

SEC original ↗Nexstar Media Group, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Risks & headwinds

In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this communication might not occur.

SEC original ↗Nexstar Media Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

Legal Proceedings 45 ITEM 1A.

SEC original ↗Nexstar Media Group, Inc. — 10-Q Quarterly report10-QAug 7, 2026

On April 17, 2026, the United States District Court for the Eastern District of California in the antitrust litigation In re: Nexstar-TEGNA Merger Litigation issued a preliminary injunction prohibiting further integration of the companies, subject to certain exceptions, pending adjudication on the merits.

SEC original ↗Nexstar Media Group, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Documents

Earnings deck slides

0 decks with slide view

Nexstar Media Group, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors