$NXST

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.

The FCC repealed a 22-year-old cap limiting ownership of local broadcast TV stations to those reaching over 39% of U.S. TV households, replacing it with case-by-case public interest review for future deals. The change could affect consolidation, including the $6.2 billion Nexstar-Tegna merger, which remains on hold amid state antitrust action. Nexstar and Sinclair support; critics cite antitrust and localism concerns.

Nexstar Media Group reported Q2 results, with net revenue of $2.0 billion, net income of $113 million, and adjusted EBITDA of $633 million. The company cited higher political ad spending, streaming growth, and FIFA World Cup ad revenue. Operating cash was $298 million and adjusted free cash flow $238 million, with $57 million in dividends and $409 million in debt reduction.

The podcast BradCast says the U.S. FCC, led by Chair Brendan Carr, voted 2-1 to override a statutory cap limiting TV station ownership to 39% of national viewers, allowing corporate chains to buy more stations case by case. It cites Public Knowledge’s John Bergmayer and mentions Sinclair and Nexstar, including a proposed $6.2 billion Nexstar-Tegna deal.