$NXST

Nexstar Media Group (NXST) reported strong financial performance at the Goldman Sachs conference, with EBITDA and free cash flow ahead of plan. Political advertising is outperforming, and digital revenue is growing at low-double-digit rates. The company expects FCC regulatory changes to enable future acquisitions and industry consolidation. Nexstar operates 265 stations, owns NewsNation, and holds a 60% stake in The CW. TEGNA integration plans are ready pending regulatory approval. The company f

Nexstar Media Group reported Q2 revenue of $1.99B, up 62.2% YoY, driven by the TEGNA acquisition. Organic growth included higher advertising and distribution revenue. Adjusted EBITDA rose 62.7% to $633M. Debt increased to $11.744B, and legal challenges persist over the TEGNA deal. The stock trades at a forward P/E of 9.45.

Biard Michael (President & COO) sold 2,465 shares of NEXSTAR MEDIA GROUP, INC. (NXST) at $185.82 ($0.46M total) on 2026-08-24.

ZIMMER DANA (See Remarks) sold 4,008 shares of NEXSTAR MEDIA GROUP, INC. (NXST) at $187.46 ($0.75M total) on 2026-08-14.

Nexstar Media Group (NXST) reported Q2 2026 net revenue of $2.0 billion, up 62.2%, driven by the first full quarter of TEGNA (revenue $697 million) and higher distribution and advertising. Adjusted EBITDA was $633 million, and adjusted free cash flow rose to $238 million. Nexstar said it is repaying $409 million of debt and faces legal limits on TEGNA synergy timing.

Deutsche Bank lowered its price target for Nexstar Media Group to $240 from $255 while keeping a Buy rating, according to the note cited in the article. The update is based on the bank’s internal composite rating framework. Investors may use the change as a signal for near-term expectations.

The FCC voted 2-1 to rescind the rule capping local TV station ownership at 39% of US TV households, replacing it with a case-by-case review for mergers exceeding the threshold. FCC Chair Brendan Carr said it would help broadcasters attract capital. The decision could enable consolidation, including Nexstar’s expanded coverage after its $3.54 billion Tegna deal.

The FCC voted 2-1 to remove the 39% cap limiting a TV broadcaster’s reach to US households, replacing it with case-by-case public-interest reviews. Republican Chair Brendan Carr and Commissioner Olivia Trusty backed the change; Democrat Anna Gomez dissented. The decision is tied to Nexstar’s planned Tegna deal, currently blocked by a judge, and may face a court fight over whether Congress set a binding limit.

FCC Commissioner Brendan Carr and Olivia Trusty voted 2-1 to eliminate the 39% national ownership cap on local TV station reach, replacing it with a case-by-case review, according to the FCC. The change could benefit Nexstar and Sinclair as they seek further consolidation, including Nexstar’s bid for Tegna. Democrat Anna Gomez said the move is unlawful.

The FCC removed a 22-year TV broadcast ownership cap, ending limits on station reach above 39% of the U.S., which analysts say could enable more M&A once legal challenges end. Media deal focus includes Nexstar and Tegna, Sinclair and Scripps, and potential market-by-market acquisitions. The article also lists other deals and earnings figures.