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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the successful launch of ATSC 3.0 (NextGen TV) in the Cleveland, Ohio, television market, with the next-generation broadcast standard now deployed across all of the top 25 U.S. designated market areas (DMAs). As the largest remaining market yet to deploy ATSC 3.0, Cleveland had been unable to launch due to structural limitations in available broadcast spectrum and station participation. However, following.

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KDAF-TV and KAZT-TV to Add News Seven-Days-a-Week Beginning in Mid-August

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NXST: NASDAQ), today announced that it will launch primetime newscasts Monday through Sunday in Dallas and Phoenix in mid-August, bringing local news content to millions of new viewers in two of the nation’s top-12 markets.

In Dallas, where Nexstar owns KDAF-TV (CW33), the new newscasts will air at 9 p.m. local time, following programming on The CW Network. In Phoenix, where Nexstar provides services to KAZT-TV (CW7 Arizona) under a Time Brokerage Agreement, the new newscasts also will air at 9 p.m. local time after CW programming.

“We’re excited to launch daily primetime newscasts in two of the country’s top-12 markets and provide viewers with a new outlet for news and information that didn’t exist previously,” said Andrew Alford, President of Nexstar’s broadcasting division. “Nexstar is committed to serving our communities with high-quality, fact-based local journalism, which is particularly important now, as the mid-term elections approach and voters look for reliable, credible information about the issues and the candidates running for office.”

About Nexstar Media Group, Inc.
Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. For more information, please visit nexstar.tv.

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MCLEAN, Va., July 13, 2026 (GLOBE NEWSWIRE) -- TEGNA Inc. (NASDAQ: NXST) today announced that Scott Gill has been named vice president of technology and operations. In this role, Gill will oversee engineering, technology and sports operations across TEGNA’s 64 local television stations, leading efforts to strengthen station performance, modernize infrastructure and support the delivery of trusted local journalism across broadcast, streaming, mobile and digital platforms.

“Scott brings a unique combination of operational expertise, technical leadership and innovation to this position,” said Kurt Rao, EVP, chief technology and digital products officer. “He's played a critical role in advancing our stations’ technology, and he has the expertise we need to strengthen our operations as we continue to shape the future of local media.”

Gill joined TEGNA in 2012, and most recently has served as head of technology and sports operations, where he has played a key role in advancing the company’s digital transformation. In this position, he defined and executed technological and operational strategies across the company’s award-winning broadcast stations, while simultaneously supporting its portfolio of NBA, WNBA, NHL, MLB and other live sports initiatives and nationally syndicated programming.

Additionally, Gill directed and managed TEGNA’s drone and helicopter technologies and pilot operations, helping stations expand their newsgathering capabilities while maintaining the highest standards of safety and operational excellence.

“I’m excited to take on this new role leading tech and operations teams across TEGNA,” said Gill. “Local journalism depends on strong technology. I look forward to working with our station leaders to strengthen the tools our newsrooms rely on to serve our communities.”

Prior to joining TEGNA, Gill spent 10 years in field operations with Fox News Network, supporting major news and live-event productions. His diverse career also includes working with Harpo Productions on The Oprah Winfrey Show, and numerous television stations and production facilities. Beyond his extensive technical experience, Gill is a former EMT and a pilot.

About TEGNA

TEGNA Inc. is a wholly owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST), operating independently of Nexstar consistent with the Hold Separate Order issued by the United States District Court for the Eastern District of California on April 17, 2026. TEGNA is a multiplatform media company operating 64 local television stations in 51 U.S. markets, and hundreds of websites, mobile and Connected TV (CTV) apps, and Premion, a leading Connected TV and Over-the-Top (OTT) advertising platform.

For media inquiries, contact: 
Danielle Ingram
Content Coordinator, Corporate Communications 
703-873-6440 
[email protected] 

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2026 second quarter financial results on Thursday, August 6, 2026. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results.

To access the conference call, interested parties may dial 1-877-407-9208 or 1-201-493-6784, conference ID 13761195 (domestic and international callers). Participants can also listen to a live webcast of the call through the “Events and Presentations” section under “Investor Relations” on Nexstar’s website at nexstar.tv. A webcast replay will be available for 90 days following the live event at nexstar.tv.

Please call five minutes in advance to ensure that you are connected. Questions will be taken only from participants on the conference call. For the webcast, please allow 15 minutes to register, download and install any necessary software.

About Nexstar Media Group:

Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. For more information, please visit nexstar.tv.

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MCLEAN, Va., June 16, 2026 (GLOBE NEWSWIRE) --  TEGNA Inc. (NASDAQ: NXST) announced today that the Locked On Podcast Network is on track to reach one billion listens, views and social engagements by the end of 2026. Today marks the tenth anniversary of Locked On, the number one sports podcast network acquired by TEGNA in 2021.

Built on the idea that every fanbase deserves a daily, dedicated podcast and that hyper-local coverage could draw large audiences, Locked On evolved from a single show in 2016 into a network of 275 daily podcasts covering every NBA, NFL, MLB, and NHL team, and major college sports programs daily. Earning more than 90 million combined listens, views, and social engagements each month, the Locked On Podcast Network produces the most total episodes and has the largest podcast audience of any native sports network.

“Locked On’s founding principle, ‘Your Team. Every Day,’ has remained constant,” said David Locke, president, Locked On Podcast Network. “We fully committed to the idea that sports fans are fans of their team first and have never wavered from that belief. We have proven we can be successful delivering daily team-specific coverage for passionate fans. Across 275 shows and 10 uninterrupted years, that idea has held true.”

In recent years, the podcast network has continued to build momentum with a slate of new initiatives, including Postcasts and Squad Shows, FAST TV channels, programming in partnership with Amazon Fire TV, including Bracket Breakdown and College Football Kickoff, and rapid expansion across social channels which has generated millions of views. In addition, a new, free NBA Draft Guide will debut this week, to immerse fans more fully in the draft.

“Our first decade proved that sports fans want more depth, more insights, and more of the voices that share their deep commitment and loyalty to their teams,” said Carl Weinstein, chief operating officer, Locked On Podcast Network. “The next chapter is about delivering that in new ways. We’re excited to continue growing and engaging fans, wherever they are, with innovative coverage every day.”

About Locked On Podcast Network
Founded in 2016, Locked On produces more than 275 podcasts, providing in-depth coverage of every NBA, NFL, MLB, and NHL team, plus major college sports teams and conferences daily. The number one sports podcast network generates over 90 million listens, views, and social engagements each month. Its podcasts were streamed 515 million times in 2025 across the major podcast audio apps and for video on YouTube and leading OTT platforms.

About TEGNA 
TEGNA Inc. is a wholly owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST), operating independently of Nexstar consistent with the “Hold Separate Order” issued by the United States District Court for the Eastern District of California on April 17, 2026. TEGNA is a multiplatform media company operating 64 local television stations in 51 U.S. markets, and hundreds of websites, mobile and Connected TV (CTV) apps, and Premion, a leading Connected TV and Over-the-Top (OTT) advertising platform.

For media inquiries, contact:
Molly McMahon
Director, Corporate Communications 
703-873-6422
[email protected]

5 Mid-Caps to Buy Before the Next Broad Market Sell-OffNexstar Media Group NASDAQ: NXST reported first-quarter 2026 results that included 13 days of financial contribution from its newly acquired TEGNA assets, while management also detailed the unusual post-close legal and operational constraints now surrounding the transaction.

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TEGNA acquisition closes, but litigation keeps operations separate Founder, Chairman and CEO Perry Sook said the company “hit the ground running” in the first quarter, highlighted by the close of Nexstar’s “landmark acquisition of TEGNA” on March 19 following FCC and Department of Justice approval. Sook said Nexstar provided “more than 7 million pages of documentation” during the review and agreed to concessions, including increasing local news in nine markets, divesting stations in six markets within two years, and extending expiring retransmission agreements through Nov. 30.

Disney Denies Rumors of TV Sale, After Stock Jumps on NewsDespite closing, Sook said DIRECTV, along with a number of state attorneys general, filed suit seeking to block the deal. He emphasized that Nexstar believes it will prevail, arguing the case centers on whether the transaction serves the public interest, including consumers and “the preservation of local journalism.”

Sook said Nexstar has expanded its legal team, naming Beth Wilkinson of Wilkinson Stekloff to lead trial and appellate efforts, supplementing antitrust counsel at Morrison Foerster. He outlined multiple proceedings underway, including an appeal of a preliminary injunction in the Ninth Circuit, a trial in the U.S. District Court for the Eastern District of California, and a separate challenge to the FCC approval pending in the D.C. Circuit. Sook noted the court denied a request for an emergency stay, and that Nexstar and the FCC were directed to file responses to a petition by May 11.

3 Value Stocks with Room to RunChief Financial Officer Lee Ann Gliha said the company is in “an unprecedented place” because of the court order. She emphasized that Nexstar owns TEGNA as a subsidiary and can use excess cash flow for combined debt repayment, but the order requires Nexstar to “hold separate” TEGNA’s assets. As a result, TEGNA is operating as it did prior to the transaction, including under its own retransmission agreements, and is managed day-to-day by the TEGNA team rather than Nexstar. Gliha said that, given the variables, “forward-looking guidance will be limited.”

First-quarter financial results: $1.4 billion in revenue and $470 million of adjusted EBITDA Management reported first-quarter net revenue of $1.4 billion, describing it as a record. President and COO Michael Biard said net revenue rose $162 million, or 13.1%, from the prior year, driven primarily by $106 million of revenue from TEGNA and higher advertising and distribution revenue from legacy Nexstar operations.

Gliha said first-quarter adjusted EBITDA was $470 million, representing a 33.7% margin and an $89 million increase from $381 million in the prior-year quarter. She said TEGNA operations accounted for $31 million of the year-over-year change, with the remainder “primarily” driven by the political cycle. Excluding TEGNA, she said legacy Nexstar generated $439 million of adjusted EBITDA.

Adjusted free cash flow was $420 million, up from $348 million a year earlier. Excluding TEGNA, Gliha said legacy Nexstar generated $400 million of adjusted free cash flow.

Distribution and advertising trends, including political tailwinds Biard said first-quarter distribution revenue totaled $837 million, up $75 million, or 9.8%, year over year. The increase reflected $54 million from TEGNA and 2.8% higher legacy distribution revenue due to increased rates, MVPD subscriber growth, additional CW affiliations on some stations, and local Fox affiliates’ participation in the launch of Fox One—partly offset by MVPD subscriber attrition. On a combined basis assuming TEGNA was owned for the entire quarter, Biard said distribution revenue increased 1.6% year over year.

Biard said Nexstar was “feeling more optimistic” than its original plan for subscriber attrition, based on reported numbers and publicly reported distributor subscriber counts. However, he said the company does not expect a “material change” to the original distribution guidance previously provided for legacy Nexstar, noting the FCC commitment to offer MVPDs renewing before Nov. 30 an extension of current retransmission agreements through that date.

Advertising revenue was $548 million, up $88 million, or 19.1%, primarily due to $51 million of incremental TEGNA advertising revenue and higher political advertising. Excluding TEGNA, Biard said legacy Nexstar non-political advertising was “flattish” and in line with expectations, rising 0.4% as digital growth offset declines in non-political television advertising.

Biard listed top first-quarter advertising categories for legacy Nexstar as department and retail stores, attorneys, and gaming and sports betting, while the largest declines were in drugstores and medication, packaged goods, and radio/TV/newspaper/cable advertisers. He said there were no major category outliers.

On a combined basis, Biard said non-political advertising was up 1.2%, aided by TEGNA’s portfolio of NBC affiliations benefiting from NBC’s broadcast of the Super Bowl and Olympics in the first quarter. He added that combined digital advertising revenue increased at a mid-single-digit percentage, driven by strong local digital revenue, offset in part by continued declines at TEGNA’s Premion segment due primarily to the loss of a major customer in 2025.

For the second quarter, Biard said non-political advertising on an as-combined basis is expected to decline in the mid-single digits due to a weaker advertising environment. On the call, Gliha said she did not see a single category driving the softness, describing it as broadly distributed across categories. Sook added that several smaller factors were affecting results, including one large home improvement advertiser going “silent” for a period, and pharma advertising that “has not returned as of yet.”

Political advertising was a key contributor in the quarter. Biard said reported political advertising was $46 million, while on a combined basis political advertising in Q1 was $78 million, up 89% versus 2022 and 19% versus 2024, driven by spending in Texas, Illinois, California, Michigan, Georgia, and Maine. Citing AdImpact, Biard said industry-wide broadcast political spending was up 79% versus the comparable 2022 election cycle quarter and up 13% versus 2024.

The CW and NewsNation updates: profitability target and audience growth Sook said Nexstar continued building The CW and NewsNation as national networks. He said The CW improved year-over-year profitability in the first quarter and is “well on its way” to achieving profitability by the fourth quarter of 2026.

Biard reiterated the profitability goal and said the company expects to improve full-year CW losses by more than 30%. He said the network faces near-term advertising headwinds related to Nielsen’s transition to big data measurement, but improved distribution from the 2025 affiliation renewal cycle is expected to more than offset those impacts.

Biard highlighted a multi-year broadcast partnership with the Mountain West Conference running through the 2030-2031 seasons, including 13 football games annually and 20 men’s and 15 women’s basketball games each season. He also said The CW added six Banana Ball games to its May and June schedule. With 148 additional hours of programming airing in 2026, Biard said nearly half of The CW schedule will be sports or sports-adjacent.

On performance, Biard said the NASCAR O’Reilly Auto Parts series on The CW delivered more than 1 million total viewers for each of its first 12 races in the 2026 season. He also said ACC men’s and women’s basketball concluded the 2025-2026 season with record viewership, with total audiences up 6% for men’s games and 26% for women’s.

Biard also discussed new distribution partnerships, including a deal with ESPN that will make the ESPN app and website the exclusive streaming home for all CW sports, and a Roku partnership that will bring CW entertainment programming to The Roku Channel for next-day streaming starting in the fall broadcast season. Biard framed these as an “evolution” of strategy, describing the “build, buy or partner” options and saying Nexstar opted to partner given the challenges and capital intensity of building digital platforms.

For NewsNation, Sook said the network was the “number one fastest-growing” network in prime time across major broadcast and cable networks in March 2026, growing 85% in total viewers and 100% among adults 25-54 compared with the prior year. He said NewsNation ranked 35th in total household viewing for all prime time ad-supported cable networks in the first quarter.

Expenses, debt, dividends, and capital allocation Gliha said combined first-quarter direct operating and SG&A expenses (excluding depreciation and amortization and corporate expenses) increased $76 million, driven primarily by $73 million of recurring incremental expense from the TEGNA acquisition and $4 million in one-time expenses related to legacy Nexstar cost reduction initiatives. Excluding one-time items, she said first-quarter recurring cash operating expenses for legacy Nexstar were lower by $1 million.

Corporate expense was $106 million, including $20 million of non-cash compensation expense, compared with $52 million a year earlier (including $18 million non-cash compensation). Gliha said the increase was primarily due to $38 million of one-time costs associated with the TEGNA acquisition.

On cash flow items, Gliha said first-quarter CapEx was $22 million, down from $35 million, primarily due to delayed spending given the pendency of and plans related to the TEGNA acquisition. She said the company was projecting CapEx in the “$45 million range” in Q2, and estimated second-quarter cash taxes in the “$152 million range.” She said the current quarterly run-rate interest expense based on balances as of April 30 was about $187.5 million, which will fluctuate with SOFR rates and decline as debt is repaid.

Nexstar returned $56 million to shareholders via dividends during the quarter and maintained its $1.86 per share quarterly dividend, which Sook said represents a 3.7% yield. The company did not repurchase shares in the quarter.

Gliha said outstanding debt at March 31, 2026 was $12.1 billion, up from $6.3 billion at year-end, reflecting the TEGNA acquisition. The cash balance at quarter-end was $379 million, including $12 million related to The CW. She also noted that because The CW is designated an unrestricted subsidiary, its losses are not included in leverage calculations for the company’s credit agreement.

On leverage, Gliha said the net first lien covenant ratio at March 31 was 2.94x, below the credit agreement’s 4.75x covenant, and total net leverage was 3.84x using the same methodology. She said that subsequent to quarter-end, Nexstar repaid its $150 million short-term Term Loan A in full and made $4 million in mandatory amortization payments. She also said the company refinanced its 2027 senior notes with $1.725 billion of 7.25% senior notes due 2034.

Looking ahead, Sook said Nexstar expects to report second-quarter results in early August, which he said will be the first full quarter of reporting “the combined consolidated results of the new Nexstar.”

About Nexstar Media Group NASDAQ: NXSTNexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.

Featured ArticlesFive stocks we like better than Nexstar Media GroupThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Nexstar Media Group Right Now?Before you consider Nexstar Media Group, you'll want to hear this.

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group names Elizabeth Ryder EVP, General Counsel and Secretary of the Board of Directors and announces three other executive promotions.

Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 14:

Great Elm Capital Corp. (GECC - Free Report) : This business development company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days.

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Nexstar Media Group, Inc. (NXST - Free Report) : This broadcasting and digital media company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.2% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3.8%, compared with the industry average of 0.0%.

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Nexstar Media Group, Inc. (NXST - Free Report) : This broadcasting and digital media company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.2% over the last 60 days.

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DaVita has a PEG ratio of 0.66 compared with 2.27 for the industry. The company possesses a Growth Score of B.

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Nexstar Media Group, Inc. (NXST) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

MCLEAN, Va.--(BUSINESS WIRE)--TEGNA Inc. appointed Patrick Paolini as the company's Chief Executive Officer, effective June 1.

Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that the Nexstar Media Charitable Foundation is doubling the size of its “30 Days of Giving” initiative, held during the month of June, and will now award a total of 60 grants and $300,000 to charitable and non-profit organizations in the communities served by its local television stations.

“30 Days of Giving” is an employee‑driven initiative created to celebrate the 30th anniversary of Nexstar’s founding in June 1996. Local Founder’s Day committees reviewed submissions from Nexstar’s 13,000 employees and selected charitable and nonprofit organizations to nominate for grants. More than 100 organizations were nominated, and the Nexstar Charitable Foundation’s Board of Directors chose 60 to receive $5,000 each. Every day during the month of June, the Foundation will award two $5,000 grants; by the end of the month the Foundation will have committed $300,000 to “30 Days of Giving.”

"A critical part of Nexstar’s legacy is giving back to the local communities we serve through volunteerism, engagement, and direct support," said Perry Sook, Nexstar’s Founder, Chairman, and Chief Executive Officer. "The response to this initiative from our employees was overwhelming and made it clear that we had an opportunity to do more. Expanding ’30 Days of Giving’ allows us to support more organizations, extend our reach into more communities, and give back to the local causes that make a meaningful difference in the lives of people every day."

Throughout the month of June, the public can track the announcement of “30 Days of Giving” grants on Nexstar’s company website, www.nexstar.tv, and on the company’s various social media channels.

The Foundation today recognized the Opry Heritage Foundation of Oklahoma and the Spartanburg Humane Society as the recipients of the first $5,000 grants. The organizations were nominated by employees at KFOR-TV, the Nexstar television station serving Oklahoma City, OK, and WSPA-TV in Spartanburg, SC, respectively.

The Opry Heritage Foundation of Oklahoma transforms lives through music. Its programs include the Granville Community Music School, which provides high‑quality music instruction to children ages 9–18 from low‑income families for just fifty cents per lesson; Guitars for Vets, a weekly guitar program for veterans; and the Oklahoma Opry, a longstanding platform for local artists.

“I’m incredibly proud to see the Opry selected for a ’30 Days of Giving’ grant,” said Adam F. Chase, Vice President and General Manager of KFOR Oklahoma's News 4 & KAUT 43 in Oklahoma City, OK. “Their mission to deliver quality music education and artist development while growing Oklahoma’s music industry and tourism aligns perfectly with what our state needs. This grant will help them expand that important work and strengthen Oklahoma’s rich musical heritage.”

For more information on the Opry Heritage Foundation of Oklahoma, visit https://www.okopry.org/.
To donate to the Opry Heritage Foundation of Oklahoma, visit https://www.okopry.org/give.

The Spartanburg Humane Society offers a variety of programs and services for both pets and pet owners. Their mission remains focused on providing excellent shelter and care to homeless animals in need, the Spartanburg Humane Society has evolved to develop proactive strategies aimed at combating the root causes of substandard animal care and thousands of unwanted animals. The Humane Society has been in service to Spartanburg County since 1964.

“We could not be more proud that our partners at the Spartanburg Humane Society are one of the first recipients of Nexstar’s ‘30 Days of Giving’ grants,” said Kenny Lawrence, Vice President and General Manager of WSPA-TV/WYCW-TV in Spartanburg, SC. “We know how overwhelmed the Humane Society can get while serving more than 500 animals at any given time. They have many needs including the pressures of feeding, cleaning, and supplying medical support to these animals. We believe this $5,000 grant will certainly lead towards relieving some of that pressure.”

For more information on the Spartanburg Humane Society, visit https://spartanburghumane.org/. To donate to the Spartanburg Humane Society, visit https://spartanburghumane.org/donation-submission/.

The Nexstar Media Charitable Foundation’s mission is to contribute to and work with public charities and non-profit organizations to improve the communities in which Nexstar Media and its subsidiaries do business.

About Nexstar Media Group
Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports, and entertainment content across its television and digital platforms. For more information, please visit nexstar.tv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260601289792/en/

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that 20 of its owned and operated television stations have earned a total of 34 Regional Edward R. Murrow Awards from the Radio Television Digital News Association (RTDNA), including several stations that won multiple awards: KXAN-TV (NBC) in Austin, TX (DMA #32), and KHON-TV (FOX/CW) in Honolulu, HI (DMA #69), were honored for “Overall Excellence.” KXAN-TV also won awards in four other categories: “Digita.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.

Verizon Communications Inc (NYSE:VZ)

Dividend Yield: 6.01%

JP Morgan analyst Sebastiano Petti maintained a Neutral rating on the stock, while raising the price target from $49 to $52 on April 30, 2026. This analyst has an accuracy rate of 57%.

Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating while increasing the price target from $49 to $50 on April 28, 2026. This analyst has an accuracy rate of 73%.

Wells Fargo analyst Eric Luebchow reaffirmed an Equal-Weight rating while raising the price target from $44 to $46 on April 28, 2026. This analyst has an accuracy rate of 67%.

Recent News: on June 2, Verizon announced the extension of the early participation date until 5:00 p.m. (ET) on June 16, 2026, associated with the company's previously announced (i) offers to exchange any and all outstanding series of debt securities listed for specified series of newly issued notes of Verizon, and (ii) solicitations of consent for proposed amendments to the indentures governing the Old Notes.

Benzinga Pro's real-time newsfeed alerted to latest VZ news.

AT&T Inc (NYSE:T)

Dividend Yield: 4.64%

Oppenheimer analyst Timothy Horan downgraded the stock from Outperform to Perform on June 3, 2026. This analyst has an accuracy rate of 77%.

RBC Capital analyst Jonathan Atkin reiterated an Outperform rating on the stock, with a price target of $31 on May 20, 2026. This analyst has an accuracy rate of 56%.

Recent News: On June 3, LiveOne announced an expanded collaboration with AT&T to support next-generation in-vehicle entertainment experiences through the company's Connected Car™ platform.

Benzinga Pro's real-time newsfeed alerted to latest T news.

Nexstar Media Group Inc (NASDAQ:NXST)

Dividend Yield: 4.10%

Wells Fargo analyst Steven Cahall maintained an Overweight rating while raising the price target from $253 to $290 on May 8, 2026. This analyst has an accuracy rate of 65%.

Citigroup analyst Jason Bazinet upgraded the stock from Neutral to Buy while raising the price target from $220 to $252 on April 10, 2026. This analyst has an accuracy rate of 73%.

Deutsche Bank analyst Benjamin Soff reiterated a Buy rating on the stock, while increasing the price target from $250 to $270 on March 23, 2026. This analyst has an accuracy rate of 59%.

Recent News: On June 1,20 television stations owned and operated by Nexstar Media Group won a total of 34 Regional Edward R. Murrow Awards from the Radio Television Digital News Association (RTDNA).

Benzinga Pro’s real-time newsfeed alerted to latest NXST news.

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On June 10, 2026, Nexstar Media Group Inc NXST shares fell 3.4% to a current price of $173.41. This drop extends the stock's decline over the past month to 13.7% and marks a year-to-date decrease of 13.1%. The stock has traded within a 52-week range of $164.00 to $254.30.

GF Value™ verdict: Currently priced at $173.41, NXST is estimated to be 18.8% undervalued compared to a GF Value™ of $213.66.GF Score™ of 87/100 indicates a strong overall rating, suggesting potential for higher long-term returns.Most notable signal: Insiders have sold $7.9M in the last three months, indicating a lack of buying activity. Is NXST Overvalued or Undervalued? Based on the GF Value™ estimate of $213.66, Nexstar Media Group Inc NXST is currently undervalued at its trading price of $173.41, presenting an opportunity for potential investors. The 18.8% margin of safety indicates that the stock is trading below its intrinsic value. The GF Valuation label categorizes NXST as "modestly undervalued," suggesting that while there is potential upside, investors should remain cautious given the current market conditions and volatility.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. This robust methodology provides a basis for assessing whether a stock is undervalued or overvalued in the current market context.

How Does NXST's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 37.2x 9.1x Forward P/E 5.1x - The current P/E (TTM) of 37.2x is significantly above its 5-year median of 9.1x, indicating that the stock is trading at a much higher multiple than in the past. This P/E analysis aligns with the GF Value™ verdict, suggesting that while the stock may be considered undervalued on a GF Value™ basis, the high P/E ratio raises concerns about potential overvaluation relative to its historical performance.

What Does NXST's GF Score™ Tell Us? Metric Rating GF Score™ 87 Financial Strength 3/10 Profitability 8/10 Growth 9/10 Valuation 10/10 Momentum 8/10 Nexstar Media Group Inc NXST has a GF Score™ of 87/100, indicating strong potential for long-term returns. The profitability (8/10) and growth (9/10) ranks highlight solid operational performance and growth prospects. However, the financial strength score of 3/10 suggests vulnerabilities in this area, which could pose risks to investors. The valuation rank of 10/10 indicates that NXST is currently seen as attractively priced relative to its intrinsic value, reinforcing the findings from the GF Value™ analysis.

What Are Insiders Doing with NXST Stock? In recent months, insider activity at Nexstar Media Group Inc NXST has shown that insiders sold $7.9M worth of shares with no reported buying. This pattern of selling without corresponding buying may suggest a lack of confidence among insiders regarding the stock’s near-term outlook. Such actions can be perceived as a bearish signal, indicating that insiders may not see value at the current price levels.

What This Means for Investors Based on GF Value™, Nexstar Media Group Inc NXST appears to be undervalued at its current price of $173.41. However, the stock's high P/E ratio and recent insider selling activity warrant a cautious approach. Investors should consider both the potential upside indicated by the valuation metrics and the risks associated with financial strength and insider sentiment.

For the complete analysis, visit the Nexstar Media Group Inc NXST stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is NXST's GF Score™?

Nexstar Media Group Inc NXST has a GF Score™ of 87/100, indicating a strong potential for long-term returns based on key performance metrics.

Is NXST overvalued or undervalued?

NXST is currently considered undervalued with a GF Value™ of $213.66, representing an opportunity for potential upside.

What is NXST's P/E ratio?

The current P/E (TTM) for NXST is 37.2x, which is significantly above its 5-year median of 9.1x, indicating that the stock is trading at a much higher valuation than in the past.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].