MCLEAN, Va. and HOUSTON, Oct. 22, 2026 (GLOBE NEWSWIRE) -- TEGNA Inc. (NASDAQ: NXST) and the Houston Comets today announced a multi-year partnership, making KHOU and KTBU the local broadcast home of the Comets. Starting with the team’s 2027 season, locally available Comets games will air free over-the-air on KTBU, with select games simulcast on KHOU, TEGNA’s CBS affiliate in Houston. The games will also be simulcast on Space City Home Network, the team’s regional sports network, and on SCHN+, the direct-to-consumer streaming service.
As a founding marketing partner for the team, KHOU will create new and exclusive Comets content year-round, providing coverage across its newscasts, 24/7 streaming channel and digital platforms. KHOU and TEGNA will also play a key role in advertising and sponsorship sales for the team’s broadcasts on the stations.
“The Comets’ return to Houston is a big moment for the city, and we’re proud to be part of it,” said Brad Ramsey, senior vice president and head of sports rights, TEGNA. “This partnership expands our WNBA footprint and lets us connect the team with the community, bringing fans closer to the Comets on and off the court, all year.”
“Bringing the Comets back to Houston is about reigniting the passion, pride and energy that have always connected this organization with its fans and community,” said Gretchen Sheirr, President of Business Operations for the Houston Rockets and Comets. “As the WNBA continues to reach new heights, we’re thrilled to partner with TEGNA to make Comets basketball more accessible to fans across the Houston area through free, over-the-air broadcasts on KTBU and additional coverage on KHOU. We’re excited to bring fans closer to the action and deliver outstanding coverage as we begin this exciting new chapter in Comets history.”
One of the WNBA’s original eight franchises, the Comets won the league’s first four championships and helped create the early identity and success of the league. Houston’s return to the WNBA comes during a period of extraordinary momentum for the league, which plans to expand to 18 teams by 2030.
“KHOU has covered Houston sports for decades, and the Comets’ homecoming is a story we’ve been waiting to tell,” said David Loving, president and general manager, KHOU. “As a founding partner, we’re ready to bring Comets action to fans across the region.”
How to watch:
KTBU (channel 55): Every locally available game airs live on KTBU.KHOU 11: Select games each season are simulcast on KHOU.Over the air: Fans can watch for free with an antenna.On Space City Home Network and SCHN+ streaming service.
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 TEGNA media inquiries, contact:
Molly McMahon
Sr. Director, Corporate Communications
703-873-6422 [email protected]
For Houston Comets media inquiries, contact:
Tracey Hughes
Vice President of Communications
Houston Rockets | Houston Comets | Toyota Center
713-758-7335 [email protected]
Counterpoint Mutual Funds LLC bought a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,212 shares of the company’s stock, valued at approximately $842,000.
A number of other large investors have also recently bought and sold shares of NXST. Harbor Investment Advisory LLC acquired a new stake in shares of Nexstar Media Group in the second quarter valued at about $63,000. Allworth Financial LP grew its stake in shares of Nexstar Media Group by 35.8% in the second quarter. Allworth Financial LP now owns 360 shares of the company’s stock worth $64,000 after acquiring an additional 95 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Nexstar Media Group during the 2nd quarter worth about $67,000. Parvin Asset Management LLC bought a new stake in shares of Nexstar Media Group in the second quarter valued at about $80,000. Finally, Archer Investment Corp acquired a new position in Nexstar Media Group in the 2nd quarter valued at approximately $88,000. 95.30% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth Several research firms have recently weighed in on NXST. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexstar Media Group in a research note on Monday, August 24th. Wells Fargo & Company cut their price target on Nexstar Media Group from $253.00 to $249.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Wall Street Zen lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research downgraded Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Nexstar Media Group from $255.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and an average price target of $256.50.
Get Our Latest Analysis on Nexstar Media Group Insiders Place Their Bets In other news, COO Michael Biard sold 2,465 shares of Nexstar Media Group stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $185.82, for a total transaction of $458,046.30. Following the transaction, the chief operating officer directly owned 20,890 shares of the company’s stock, valued at $3,881,779.80. The trade was a 10.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Dana Zimmer sold 4,008 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $187.46, for a total value of $751,339.68. Following the sale, the insider owned 1,792 shares of the company’s stock, valued at $335,928.32. This represents a 69.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 9,596 shares of company stock valued at $1,733,169. 7.00% of the stock is currently owned by corporate insiders.
Nexstar Media Group Stock Down 0.0% NXST stock opened at $164.59 on Friday. The company has a debt-to-equity ratio of 5.09, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 31.59 and a beta of 0.94. Nexstar Media Group, Inc. has a fifty-two week low of $153.17 and a fifty-two week high of $254.30. The business’s fifty day moving average price is $171.67 and its two-hundred day moving average price is $180.85.
Nexstar Media Group (NASDAQ:NXST – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $3.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.98 by ($2.37). Nexstar Media Group had a net margin of 3.20% and a return on equity of 24.02%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the firm posted $3.06 earnings per share. Nexstar Media Group’s quarterly revenue was up 62.2% compared to the same quarter last year. On average, equities analysts anticipate that Nexstar Media Group, Inc. will post 32.88 earnings per share for the current year.
Nexstar Media Group Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $1.86 dividend. The ex-dividend date was Friday, August 14th. This represents a $7.44 annualized dividend and a dividend yield of 4.5%. Nexstar Media Group’s payout ratio is currently 142.80%.
Nexstar Media Group Company Profile (Free Report)
Nexstar Media Group, Inc is a diversified media company that owns and operates local television stations across the United States. Its stations provide local news, weather, sports, and entertainment programming, while also distributing content through digital platforms and connected television services.
The company also operates national media businesses, including NewsNation, a national cable news network, and The CW Network, which offers scripted programming, sports, and other entertainment content.
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MCLEAN, Va., Oct. 15, 2026 (GLOBE NEWSWIRE) -- TEGNA Inc. (NASDAQ: NXST) announced today that four proven sales executives are taking on new and expanded roles under the leadership of Mark Cornetta, senior vice president of sales.
Jay Donovan has been promoted to vice president of digital sales, leading digital growth strategy across the company’s more than 60 media brands. With over 15 years of experience in digital media and advertising technologies, Donovan works with businesses and marketers to harness data and use precision targeting to drive measurable results.Kristie Gonzales has been named vice president of ad sales overseeing teams in TEGNA’s Northeast and Southeast regions. A seasoned media and marketing executive with more than 20 years of industry experience, Gonzales is currently serving as vice president of revenue at TEGNA and fulfilling the role of president and general manager of WXIA, TEGNA’s NBC affiliate in Atlanta.Kari Jacobs has been named vice president of ad sales for TEGNA’s Midwest and West regions. Jacobs started her career in journalism before transitioning to the revenue-generating side of media, gaining experience in broadcast television, radio, digital, and cable. She has been with TEGNA for more than 20 years, serving as a general manager and revenue lead in several markets.Byron Wilkinson has been named vice president of ad sales for TEGNA’s Texas and Mid-South regions. Wilkinson currently serves as president and general manager of KVUE, the company’s ABC affiliate in Austin. He has spent more than 26 years in broadcast and digital media, building teams and strategies that span local and national sales across linear, streaming, and digital platforms. “Jay, Kristie, Kari and Byron have proven they know how to bring technology, sales expertise and creativity together to serve our clients,” Cornetta said. “In an increasingly competitive environment, we need experienced leaders willing to rewrite the playbook for our local sales teams, and they’re the right people to do it.”
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
Sr. Director, Corporate Communications
703-873-6442
[email protected]
Photos accompanying this announcement are available at:
MCLEAN, Va. and BURBANK, Calif., Oct. 13, 2026 (GLOBE NEWSWIRE) -- TEGNA Inc. (NASDAQ: NXST) and Disney Entertainment Television (NYSE: DIS) today announced that they have entered into a comprehensive, multi-year deal that renews station affiliation agreements for all of TEGNA’s ABC-affiliated stations.
“Our partnership with Disney Entertainment Television offers viewers an incredible programming lineup that includes the NFL, NBA, SEC football and shows like ‘Dancing with the Stars’ and ‘Grey’s Anatomy,’ anchored by strong local news their communities depend on,” said Patrick Paolini, CEO, TEGNA. “We’re excited to extend this long-standing agreement.”
“We’re pleased to extend our successful partnership with TEGNA across these outstanding ABC stations,” said Susi D’Ambra-Coplan, SVP, Affiliate Relations, Disney Entertainment Television. “Together, we remain committed to serving viewers with trusted local journalism paired with the best in entertainment, sports and national news.”
The deal covers the following stations: KBMT in Beaumont, Texas; KIII in Corpus Christi, Texas; KVUE in Austin, Texas; KXTV in Sacramento, Calif.; WATN in Memphis, Tenn.; WFAA in Dallas, Texas; WHAS in Louisville, Ky.; WJXX in Jacksonville, Fla.; WNEP in Wilkes-Barre-Scranton, Pa.; WOI in Des Moines, Iowa; WQAD in Davenport, Iowa (Quad Cities); WVEC in Norfolk, Va.; and WZZM in Grand Rapids, Mich.
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.
About ABC
ABC is the No. 1 entertainment network in Adults 18-49 and home to some of the most-watched series on television, including the longest-running primetime medical drama and global sensation, “Grey’s Anatomy”; hit dramas “9-1-1,” “High Potential” and “The Rookie”; four-time Emmy® Award-winning comedy “Abbott Elementary”; as well as unscripted juggernauts “American Idol" and “Dancing with the Stars”; and late-night talk show “Jimmy Kimmel Live,” to name a few. The network is also home to the best and most prestigious live events, including “The GRAMMYS®,” “The Oscars®,” “The CMA Awards,” “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest,” as well as “The ESPYS” and ESPN on ABC with Monday Night Football, College Football and the NBA Finals. ABC News is the No. 1 network news brand, which includes the top-rated “World News Tonight with David Muir” and “Good Morning America.”
For TEGNA media inquiries, contact:
Molly McMahon
703-873-6442 [email protected]
For Disney Entertainment Television media inquiries, contact:
Bridget Osterhaus
310-251-9579 [email protected]
TYSONS, Va., Oct. 12, 2026 (GLOBE NEWSWIRE) -- TEGNA (NASDAQ: NXST) CEO Patrick Paolini today named seasoned media executives Joan Barrett, Kate Morris and Brad Ramsey group general managers, rounding out his new leadership structure.
Effective immediately, Barrett, Morris and Ramsey will each oversee local general managers (GMs) across stations in two of TEGNA’s six dedicated regions. The group GMs will set clear expectations and strategy for local general managers, driving business performance, audience growth, and operational excellence.
"Viewers’ habits and advertisers’ needs are constantly shifting, and we have to innovate quickly to serve both,” Paolini said. “Engaging content and strong sales go hand in hand, and our local GMs are best positioned to connect them in their markets. These leaders will give our general managers the support, resources, and tools they need to grow our business on every platform, at every station.”
Joan Barrett
Joan Barrett has been president and general manager of WCNC in Charlotte since 2020. In 2024, she also took on oversight of WFMY in Greensboro. Before joining TEGNA, she was president and general manager of KDVR/KWGN in Denver and led Schurz Communications’ television operations in Wichita for more than a decade.
Barrett has made leadership development a significant part of her career, mentoring and developing numerous executives who have advanced into senior leadership roles across the industry. She is a co-founder and longtime trainer of the Carole Kneeland Project for Responsible Journalism, a nonprofit that trains newsroom leaders.
Barrett will oversee stations in TEGNA’s Northeast and Southeast regions.
Kate Morris
Kate Morris brings more than 25 years of local news leadership to the role. She has been president and general manager of KPNX in Phoenix since 2020 and oversees KMSB and KTTU in Tucson. Before joining 12News, she led KTVB in Boise, where she rose from executive news director to president and general manager in 2018. Under her leadership, KTVB expanded its local news and earned seven National Edward R. Murrow Awards. Morris began her career as a news producer in Phoenix.
At KPNX, Morris has strengthened the station’s culture and community connection, refreshed its brand and grown its audience across platforms. She serves on the boards of the Arizona Media Association and the Arizona State University Cronkite Endowment Board of Trustees.
Morris will oversee stations in TEGNA’s Midwest and West regions.
Brad Ramsey
A seasoned veteran, Brad Ramsey most recently served as a senior vice president of revenue, while also leading the company’s sports rights strategy. Under his leadership, TEGNA became the first broadcast company in the modern distribution era with full-season team rights across the NBA, WNBA, NHL and MLB. Prior to that, Ramsey served as senior vice president of media operations.
Ramsey also spent seven years as president and general manager of WFAA in Dallas-Fort Worth. During his tenure, the station earned 17 major national journalism honors, including the National Edward R. Murrow Award for Overall Excellence and the NAB Service to America Award. He currently serves on the executive committee of the ABC Television Affiliate Board of Governors.
Ramsey will oversee stations in TEGNA’s Texas and Mid-South regions.
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
Senior Director, Corporate Communications
703-873-6422 [email protected]
Photos accompanying this announcement are available at
Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) insider Andrew Alford sold 2,823 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $165.69, for a total transaction of $467,742.87. Following the completion of the transaction, the insider directly owned 11,726 shares of the company’s stock, valued at approximately $1,942,880.94. The trade was a 19.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Nexstar Media Group Trading Down 2.4% Shares of NASDAQ NXST opened at $161.53 on Friday. The business’s 50 day moving average is $180.69 and its two-hundred day moving average is $188.45. The company has a debt-to-equity ratio of 5.09, a current ratio of 1.56 and a quick ratio of 1.56. Nexstar Media Group, Inc. has a 1-year low of $154.47 and a 1-year high of $254.30. The stock has a market capitalization of $4.98 billion, a P/E ratio of 31.00 and a beta of 0.90.
Nexstar Media Group (NASDAQ:NXST – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $3.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.98 by ($2.37). The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Nexstar Media Group had a net margin of 3.20% and a return on equity of 24.02%. The company’s revenue for the quarter was up 62.2% on a year-over-year basis. During the same quarter last year, the company earned $3.06 earnings per share. As a group, research analysts expect that Nexstar Media Group, Inc. will post 32.88 EPS for the current year.
Nexstar Media Group Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, August 14th. Nexstar Media Group’s dividend payout ratio is presently 142.80%. Hedge Funds Weigh In On Nexstar Media Group Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Nexstar Media Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock worth $157,114,000 after purchasing an additional 13,084 shares in the last quarter. Janus Henderson Group PLC raised its position in Nexstar Media Group by 1.8% during the 1st quarter. Janus Henderson Group PLC now owns 643,864 shares of the company’s stock valued at $116,427,000 after purchasing an additional 11,477 shares in the last quarter. Principal Financial Group Inc. raised its position in Nexstar Media Group by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 488,744 shares of the company’s stock valued at $88,381,000 after purchasing an additional 7,661 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Nexstar Media Group by 28.4% in the 4th quarter. Allianz Asset Management GmbH now owns 358,762 shares of the company’s stock worth $72,847,000 after buying an additional 79,426 shares during the period. Finally, Norges Bank purchased a new stake in shares of Nexstar Media Group in the 4th quarter worth $41,474,000. 95.30% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades NXST has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Nexstar Media Group from $253.00 to $249.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a report on Monday, August 24th. Wall Street Zen cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Nexstar Media Group from $255.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, Zacks Research downgraded shares of Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.50.
Check Out Our Latest Stock Report on NXST
(Get Free Report)
Nexstar Media Group, Inc is a diversified American media company that owns and operates local television stations and digital media platforms across the United States. Its stations provide locally produced news, weather, sports and community programming, while also carrying programming from major broadcast networks, including ABC, CBS, NBC, FOX and The CW, depending on the market.
The company also operates NewsNation, a national cable news and information network, and develops digital content and advertising solutions through its online properties.
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Nexstar Media Group, Inc. (NXST) Goldman Sachs Communacopia + Technology Conference 2026 September 10, 2026 4:45 PM EDT
Company Participants
Perry Sook - Founder, Chairman & CEO
Lee Gliha - Executive VP & CFO
Conference Call Participants
Michael Ng - Goldman Sachs Group, Inc., Research Division
Presentation
Michael Ng
Goldman Sachs Group, Inc., Research Division
Great. Well, good afternoon, everybody. Welcome to the Nexstar fireside chat at the Goldman Sachs Communacopia and Technology Conference. My name is Mike Ng, and I cover media cable telco here at the firm. And I have the privilege to introduce Nexstar Media Group's Founder, Chairman and CEO, Perry Sook, and then Nexstar's CFO, Lee Ann Gliha.
Thank you so much for being here today. It's an absolute privilege to have you on stage here with us.
Perry Sook
Founder, Chairman & CEO
Great. Thank you for having us.
Question-and-Answer Session
Michael Ng
Goldman Sachs Group, Inc., Research Division
To start off, Nexstar recently marked its 30th anniversary. Congratulations, growing from a single station in Scranton into the nation's largest local broadcaster, operating or servicing 265 full power stations across 132 markets. So to start things off, how would you characterize the operational performance and the overall health of the business today across local affiliates, the national networks and NewsNation and The CW as well as some of your emerging spectrum ventures?
Perry Sook
Founder, Chairman & CEO
Well, that's a lot. I'll see what I can do in the half hour that we have here. But I think -- first of all, I think of our company as a local media company, first and foremost, but with national scale and national scale aspirations in that what we do is the least sexy but most sticky and durable part of the media ecosystem, which is we provide a service, which is local content to local communities, and
New Mexico State at Florida State Delivers the CW's Most-Watched Sports Broadcast in Network History The CW Network scored a ratings victory last Saturday as the primetime Week 0 non-conference game between New Mexico State and Florida State delivered the largest audience for a sports broadcast in network history, averaging 1.96 million total viewers, per Nielsen Panel + Big Data.
Viewership peaked at 2.4 million total viewers from 9:15-9:30pm ET as the Florida State Seminoles defeated the New Mexico State Aggies 34-17. The game also delivered the network’s largest sports audience in the key Adults 25-54 demo (718,000) and was the second strongest primetime broadcast program of the night in the demo, surpassing all shows on ABC, CBS and NBC.
The CW is the home for another action-packed weekend of sports beginning this Saturday, September 5, as the Miami (OH) RedHawks visit the Pittsburgh Panthers with coverage kicking off live at 12:00pm ET / 9:00am PT. The 2026 NASCAR O’Reilly Auto Parts Series Chase for the Championship begins from the legendary Darlington Raceway at 6:30pm ET / 3:30pm PT, followed by a late-night Mountain West showdown between UNLV and Hawai‘i beginning at 10:00pm ET / 7:00pm PT.
On Sunday, September 6, AVP concludes its 2026 season with beach volleyball league championships from Chicago at 2:00pm ET / 11:00am PT, followed by PBR Team Series Thunder Days from Ridgedale, Missouri, at 4:00pm ET / 1:00pm PT. All events will be broadcast live on The CW Network and stream live on the ESPN App for viewers with an ESPN Unlimited subscription plan.
About The CW Network
The CW is one of America’s premier broadcast networks, delivering 18 hours per week of primetime entertainment and children’s programming plus, on average, more than 13 hours of sports programming every weekend. CW Sports is the broadcast home to almost 700 hours of sports programming annually, including the NASCAR O’Reilly Auto Parts Series; WWE NXT; college football and men’s and women’s basketball from the ACC, Pac-12 and Mountain West conferences; AVP beach volleyball, Professional Bull Riding Team Series; and Professional Bowlers Association (PBA) events. Beginning Summer 2026, CW Sports content will be available on the ESPN App to ESPN Unlimited Plan subscribers. CW Entertainment offers a variety of popular scripted and unscripted programming, including Wild Cards, Sullivan’s Crossing, Police 24/7, Penn & Teller: Fool Us, Scrabble, and Trivial Pursuit. The CW’s primetime and other entertainment programming can be found on the CW App, available for free to consumers on all major platforms, and beginning Fall 2026 will be available in a CW-branded hub on The Roku Channel. The CW is owned by Nexstar Media Group, Inc. (NASDAQ: NXST), a leading diversified media company. For more information about The CW, please visit www.cwtv.com.
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Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in four upcoming institutional investor conferences in Septe
Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that KXAN-TV, the company's television station in Austin, Texas (DMA #32), and WHO 13 in Des Moines, I
WHO 13 in Des Moines, IA, Wins Award for “Hard News”
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that KXAN-TV, the company’s television station in Austin, Texas (DMA #32), and WHO 13 in Des Moines, Iowa (DMA #67), have each earned a national Edward R. Murrow Award from the Radio Television Digital News Association (RTDNA). KXAN-TV was recognized in the “Digital” category and WHO 13 for “Hard News.”
“Nexstar remains committed to investing in strong local journalism and providing the free, trusted news and information that viewers across America rely on and deserve." - Andrew Alford
Share Large Market Television: Digital – KXAN’s winning entry was a collection of investigative projects that combined reporting with digital storytelling, video, and other multimedia elements to hold the powerful accountable and give viewers a deeper understanding of important issues across Texas. The projects included:
“Human Trafficking: Barriers to Justice” “Code 98: Texas’ Dropout Problem” “Texas Energy Crossroads” “Undocumented: Texas’ Immigration Impact in a New Trump Era” “Sold Out: SXSW Musician Pay Highlights Industry Struggle” Small Market Television: Hard News – WHO 13 in Des Moines, Iowa, was honored for “Robin’s Voice,” a powerful story of Robin Leaper, who lost her ability to speak due to ALS after being diagnosed in 2023. Through advances in AI technology, Ms. Leaper regained her ability to communicate using a computer-generated version of her own voice, helping restore a vital sense of connection and dignity. https://youtu.be/cuMHu7pIkXo?si=Eho9UXwtB-2LSl4x
“We are grateful to the Radio Television Digital News Association for recognizing the outstanding work of our newsrooms,” said Andrew Alford, President of Nexstar’s broadcasting division. “Nexstar remains committed to investing in strong local journalism and providing the free, trusted news and information that viewers across America rely on and deserve. We are steadfast in our support of local news and the vital role it plays in informing, connecting, and strengthening communities. Thank you again to RTDNA for the national Edward R. Murrow Awards.”
In addition to the national honors won today, Nexstar news operations at 20 of its owned and operated television stations earned a total of 34 regional Edward R. Murrow Awards earlier this year.
The RTDNA has been recognizing outstanding achievements in electronic journalism with the Edward R. Murrow Awards since 1971.
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.
5 Mid-Caps to Buy Before the Next Broad Market Sell-OffNexstar Media Group NASDAQ: NXST reported record second-quarter results as revenue nearly reached $2 billion, aided by its acquisition of TEGNA, political advertising growth and higher distribution revenue.
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Founder, Chairman and Chief Executive Officer Perry Sook said second-quarter revenue reached an all-time quarterly high of $2 billion, while adjusted EBITDA was $633 million and adjusted free cash flow more than doubled from a year earlier to $238 million.
Disney Denies Rumors of TV Sale, After Stock Jumps on News“Our outstanding performance was driven by the TEGNA acquisition, advertising revenue growth, and disciplined operating execution,” Sook said. He cited efforts including centralized station marketing, automated content production and sales-incentive realignment.
Revenue Growth Led by TEGNA and Political Advertising President and Chief Operating Officer Mike Biard said second-quarter net revenue was $1.99 billion, up $764 million, or 62.2%, from the prior-year period. The increase primarily reflected $697 million of revenue from TEGNA, along with higher advertising and distribution revenue from Nexstar’s legacy operations.
3 Value Stocks with Room to RunOn an as-combined basis including TEGNA in the comparable 2025 period, revenue increased 4.7% year over year. Political advertising and distribution revenue drove the increase, partly offset by lower non-political advertising.
Distribution revenue rose 52.3% to $1.1 billion. TEGNA contributed $362 million of distribution revenue, while legacy Nexstar distribution revenue rose $23 million, or 3.1%, due to higher rates, growth in virtual multichannel video programming distributor subscribers and the addition of CW affiliations at some stations. Those gains were partly offset by traditional pay-TV subscriber attrition.
Advertising revenue increased 81.5% to $862 million, including $331 million from TEGNA and a $75 million increase in political advertising at legacy Nexstar. Political advertising totaled $147 million, up 8% compared with the 2022 midterm cycle and 99% versus 2024 on a combined basis. Biard cited spending in California, Georgia, Colorado, Texas and Maine.
Non-political advertising declined 5.8% on a combined basis, reflecting political advertising crowd-out, competitive pressures and economic softness. Incremental FIFA World Cup advertising and strong local digital revenue partly offset the decline. Top advertising categories included attorneys, gaming and sports betting, and general services, while medical healthcare, drugstores and medication, and auto were among the weakest categories.
For the third quarter, Nexstar expects combined non-political advertising to decline by a mid-single-digit percentage, though management said the result should be slightly better than the second quarter. Biard said Ohio could be a major source of third-quarter political advertising upside because of competitive Senate and gubernatorial races.
CW, NewsNation and Local Initiatives Sook said NewsNation remained the fastest-growing cable news network in prime time and total day, with total viewers in June rising 44% from the comparable prior-year period. The CW ranked as the ninth most-watched ad-supported television network in total day, and CW Sports recorded its strongest quarter, according to the company.
Biard said Nexstar remains on track for The CW to reach profitability in the fourth quarter, with full-year losses expected to improve by more than 30%. The company recently reached distribution partnerships with ESPN and Roku and expanded its sports programming through a multiyear agreement with WWE for 20 NXT premium live events.
The NASCAR O’Reilly Auto Parts Series on The CW also contributed to viewership growth, with 18 of its first 19 races in 2026 surpassing 1 million total viewers. Viewership was up 14% year over year through the second quarter, Biard said.
In July, Nexstar completed a multiyear agreement with CBS extending affiliations in 36 markets. Nexstar said it replaced, or plans to replace, CBS affiliations with CW affiliations in Jackson, Mississippi; Bismarck, North Dakota; Rapid City, South Dakota; and Birmingham, Alabama. It also promoted Fox from a subchannel to its primary channel in Albuquerque, New Mexico.
The company launched ATSC 3.0 in Cleveland during July, completing deployment of the next-generation broadcast standard across the top 20 U.S. designated market areas. Sook said the Cleveland launch became possible through Nexstar’s acquisition of WBNX-TV.
Profitability, Cash Flow and Debt Reduction Chief Financial Officer Lee Ann Gliha said adjusted EBITDA rose $244 million from a year earlier to $633 million, producing a 31.8% margin. TEGNA operations accounted for $187 million of the increase, with the balance primarily tied to the political advertising cycle.
Adjusted free cash flow increased to $238 million from $101 million a year earlier. Capital expenditures were $45 million, while net interest expense rose to $190 million, primarily because of debt incurred for the TEGNA acquisition.
Nexstar paid $57 million in dividends during the quarter, or $1.86 per share. It did not repurchase shares, instead using excess cash to repay $409 million of debt. Total outstanding debt was $11.7 billion as of June 30, up from $6.3 billion at year-end due to the TEGNA transaction.
Gliha said Nexstar expects to repay more than $1 billion of total debt from the acquisition closing through year-end. The company’s total net leverage was 4.22 times at quarter-end, while its first-lien covenant ratio was 3.21 times, below the 4.75-times covenant threshold.
TEGNA Litigation and M&A Outlook Nexstar continues to operate under a preliminary injunction related to litigation challenging its acquisition of TEGNA. Sook said TEGNA appointed Patrick Paolini as chief executive officer in May and that TEGNA continues to operate independently under Nexstar ownership.
Nexstar filed an opening brief with the U.S. Court of Appeals for the Ninth Circuit on May 20 seeking to narrow the preliminary injunction and dismiss state plaintiffs. Oral arguments are anticipated in the fourth quarter. A bench trial in the U.S. District Court for the Eastern District of California is scheduled to begin July 6, 2027.
Sook said the company believes the legal claims lack merit and remains confident in its position, while acknowledging that an out-of-court resolution is possible. He said Nexstar has not been able to directly engage with TEGNA’s local operators during the injunction period, though management said TEGNA’s operating performance has generally tracked Nexstar’s, with distribution revenue a relative exception.
Looking ahead, Sook said Nexstar intends to focus on debt repayment and resolving the legal matter before more actively pursuing portfolio optimization, station swaps or additional acquisitions. He reiterated the company’s expectation for another record year of financial performance in 2026.
About Nexstar Media Group (NASDAQ:NXST)Nexstar 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.
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Nexstar CEO Perry Sook says a settlement of an antitrust lawsuit against its merger with Tegna is possible, but he notes the company faces less pressure than companies like Paramount facing legal opposition.
“If we can settle the litigation prior to going to trial next year, that has a benefit to us,” he acknowledged on the company’s quarterly earnings call Thursday. “But we’re not necessarily under the same pressures that other people are in terms of drop-dead dates or ticking fees or whatever, because we’ve already closed on the acquisition.”
Sook appeared to be alluding to the Paramount-Warner Bros. Discovery merger, but he didn’t cite it by name. That far bigger transaction has also been waylaid, at least temporarily, by an antitrust suit. The legal quagmire could result in billions in self-imposed ticking fees being paid to WBD shareholders by Paramount, which also faces several ominous deadlines in the coming months for regulatory compliance and the deal’s completion.
Shortly before Nexstar closed its $6.2 billion Tegna acquisition last March, DirecTV and the attorneys general of several states filed a lawsuit seeking to block the merger. The suit says the combined station giant would have reach to 80% of U.S. households, well above the longtime 39% limit on the scale of stations controlled by a single owner.
A federal judge granted a preliminary injunction in the case, freezing the merger and imposing a “hold-separate” order. Nexstar has appealed the decision to the Ninth Circuit.
Sook saluted the FCC‘s decision Thursday morning to eliminate the cap on local TV station ownership, but said it will not have “a ton of effect” on the company’s defense against the lawsuit.
The disappearance of the ownership cap “will remove a certain level of uncertainty in future M&A,” Sook said of the FCC’s move. While the repeal will likely face a legal challenge, the exec added, “We believe that they are on very firm legal footing to make this declaration, and we support and applaud [FCC Chairman Brendan Carr] for his leadership in this issue, to allow broadcasting to compete on the same playing field in the domestic U.S. with every other purveyor of advertising, and every other purveyor of video that we compete with that has access to 100% of U.S. households.”
Despite the boost from the cap going away, Sook said the decision would have only “marginal benefit” to Nexstar’s defense in the Tegna suit. “It makes the unknown known from a regulatory perspective, but I don’t know that it will have a ton of effect as we go through our process. It’s more about antitrust than the national ownership cap.”
Prior to the call, Nexstar reported $2 billion in second-quarter revenue, slightly ahead of Wall Street’s expectations, with diluted earnings per share of $3.61. Despite the “hold-separate” order, Nexstar added Tegna’s results to its financial statements, with the April-to-June period the first full quarter reflecting the combined company. Sook noted that doing so will enable Nexstar to pay down debt using cash flow from Tegna stations even though it can’t legally combine the two station groups.
Sook said the new FCC rules on station ownership will involve case-by-case determinations of deal impact on station reach and market consolidation. While that system overall is seen as more favorable to stations, Sook said it could be a bumpy adjustment, at least initially.
“This new second layer of approval is something that I think all industry is going to have to grapple with,” he said.
While he didn’t specifically name the Paramount-Warner Bros. Discovery case brought by 12 state attorneys general, Sook appeared to point to that parallel antitrust action. Elected officials, he said, are “talking about investing and growing their antitrust legal team at the state level.”
The exec said his “fundamental question would be” whether such a push is “the best use of the taxpayers’ dollars and resources, given that you have a federal overlay that is charged specifically with looking at antitrust and public interest and those kinds of things. Seems the duplication of efforts to me.”
Numerous times on the call, as well as in its earnings release, Nexstar reaffirmed its confidence in ultimately prevailing in the matter.
Nexstar Media Group, Inc. (NASDAQ: NXST) ("Nexstar" or the "Company") today reported financial results for the second quarter ended June 30, 2026 as summarized
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) ("Nexstar" or the "Company") today reported financial results for the second quarter ended June 30, 2026 as summarized below. Please visit Nexstar's website to view the full press release. STATEMENT FROM PERRY A. SOOK, FOUNDER, CHAIRMAN AND CEO “In a record second quarter, Nexstar generated all-time high quarterly revenue driven by our acquisition of TEGNA Inc., strong political advertising revenue, incremental advertising.
Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.86 per share of its common stock.
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.86 per share of its common stock. The dividend is payable on Friday, August 28, 2026, to shareholders of record on Friday, August 14, 2026. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretio.
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.
Fifth Third Bancorp lifted its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST – Free Report) by 1,568.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,259 shares of the company’s stock after purchasing an additional 10,584 shares during the quarter. Fifth Third Bancorp’s holdings in Nexstar Media Group were worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Sentinel Dome Partners LLC acquired a new position in shares of Nexstar Media Group during the fourth quarter worth $2,315,000. Geode Capital Management LLC boosted its holdings in shares of Nexstar Media Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock valued at $157,114,000 after acquiring an additional 13,084 shares in the last quarter. CPC Advisors LLC boosted its holdings in shares of Nexstar Media Group by 114.3% during the 1st quarter. CPC Advisors LLC now owns 26,651 shares of the company’s stock valued at $4,819,000 after acquiring an additional 14,217 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Nexstar Media Group by 3,648.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,995 shares of the company’s stock worth $13,197,000 after acquiring an additional 63,261 shares during the last quarter. Finally, M&T Bank Corp grew its position in Nexstar Media Group by 2,573.4% during the 4th quarter. M&T Bank Corp now owns 140,112 shares of the company’s stock worth $28,494,000 after acquiring an additional 134,871 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets In other Nexstar Media Group news, insider Dana Zimmer sold 915 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $176.42, for a total transaction of $161,424.30. Following the sale, the insider owned 5,738 shares of the company’s stock, valued at approximately $1,012,297.96. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sean Compton sold 5,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the sale, the insider owned 11,252 shares of the company’s stock, valued at approximately $2,205,392. The trade was a 30.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,813 shares of company stock valued at $4,174,731 over the last quarter. Company insiders own 7.00% of the company’s stock.
Analysts Set New Price Targets Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Benchmark dropped their price objective on shares of Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating for the company in a report on Monday, April 6th. Wells Fargo & Company cut their target price on shares of Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Nexstar Media Group in a report on Wednesday, May 27th. Finally, Wall Street Zen cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $259.67.
Read Our Latest Report on Nexstar Media Group
Nexstar Media Group Stock Performance NASDAQ:NXST opened at $181.89 on Thursday. The company has a market capitalization of $5.55 billion, a PE ratio of 39.03, a P/E/G ratio of 0.46 and a beta of 0.91. The company has a 50 day simple moving average of $179.05 and a two-hundred day simple moving average of $202.47. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.76 and a current ratio of 1.76. Nexstar Media Group, Inc. has a fifty-two week low of $154.47 and a fifty-two week high of $254.30.
Nexstar Media Group Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, May 15th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 159.66%.
Nexstar Media Group Company Profile (Free Report)
Nexstar 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.
Read More Five stocks we like better than Nexstar Media Group Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding NXST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nexstar Media Group, Inc. (NASDAQ:NXST – Free Report).
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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.
Nexstar Media Group, Inc. (NXST: NASDAQ), today announced that it will launch primetime newscasts Monday through Sunday in Dallas and Phoenix in mid-August, br
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]
WASHINGTON--(BUSINESS WIRE)--The Hill, the nation's leading digital-first political news brand, today announced the launch of “The Hill Insider,” a new premium digital subscription service offering readers access to exclusive high-quality editorial content and one-of-a-kind experiences beginning July 8th. The Hill Insider will feature premium newsletters, live interactive video calls with The Hill's journalists and editors, and daily deep-dive reporting that enables readers to get closer to the.
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.
Year-long local journalism initiative culminates with one-hour national special beginning June 29
MCLEAN, Va., June 25, 2026 (GLOBE NEWSWIRE) -- As America marks its historic 250th birthday, TEGNA Inc. (NASDAQ: NXST) is telling the story of the nation through the people who shape it every day.
America's 250: Red, White & YOU is a year-long, cross-platform storytelling initiative highlighting everyday Americans whose acts of service, generosity and leadership are strengthening their communities and the country. The initiative culminates in a one-hour special hosted by Lesli Foster and Lorenzo Hall from TEGNA’s WUSA station in Washington, D.C. It will be broadcast and streamed across all TEGNA stations beginning June 29.
"Our journalists are uniquely positioned to tell the stories that together create a powerful portrait of who we are as Americans,” said Raquel Amparo, senior vice president of content at TEGNA. “America's 250: Red, White & YOU is a reminder that local journalism creates a shared national experience connecting communities across the country."
Throughout the year-long initiative, TEGNA’s local news teams have shined a light on the neighbors who shape our communities—from passionate educators and artists to dedicated volunteers, veterans and entrepreneurs. The special showcases these inspiring Americans, offering a uniquely local perspective on the values, resilience and generosity that continue to define America.
The one-hour special will air during the week of June 29 on TEGNA television stations and stream on their digital and Connected TV platforms. An encore presentation will be available in July. Check local listings for air dates and times.
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
Specialist, Corporate Communications
703-873-6440 [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9ec46e37-1f66-457f-a54e-60b681eaa360
America’s 250: Red, White & YOU America's 250: Red, White & YOU is a year-long, cross-platform storytelling initiative highlighting ...
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]
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or “the Company”) announced that at its 2026 Annual Shareholders' Meeting shareholders voted to: Elect all nominees to Nexstar's Board of Directors; Affirm the executive compensation of the Company's Named Executive Officers; Ratify the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026; and, Approve the 2026 Long-Term Omni.
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.
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IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in two upcoming institutional investor conferences: JPMorgan Technology, Media and Communications Conference Location: Westin Boston Seaport – Boston, MA Date: Monday, May 18, 2026 Fireside Chat Presentation: 8:25 a.m. ET Speaker: Lee Ann Gliha, EVP and CFO Gabelli 18th Annual Sports & Media Symposium Location: The Paley Center for Media – New York, NY Date: Th.
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.
Key Takeaways Federal judge blocked Nexstar's Tegna merger, citing likely antitrust violations.NXST Q1 2026 EPS jumped 82.5% year over year as revenue rose 13.1% to $1.4 billion.States argued the deal could raise retransmission fees and weaken local news competition. A federal judge’s decision to block the merger between Nexstar Media Group, Inc. (NXST - Free Report) and TEGNA Inc. has become one of the most significant antitrust battles in the U.S. media industry in years. The dispute began on Aug. 19, 2025, when Nexstar announced plans to acquire Tegna in a deal valued at roughly $6.2 billion, aiming to create the nation’s largest local television broadcaster.
The merger quickly drew criticism from regulators, state attorneys general, labor advocates and distributors such as DirecTV, who argued that the combined company would wield excessive control over local TV markets, raise retransmission fees and weaken independent local journalism. On March 18, California and seven other states filed an antitrust lawsuit to stop the transaction, claiming it would reduce competition and hurt consumers.
Although the FCC and the Justice Department approved the acquisition on March 19, U.S. District Judge Troy Nunley issued a temporary restraining order on March 28, halting integration efforts. On April 17, he escalated the action into a preliminary injunction, ruling that plaintiffs were likely to succeed in proving antitrust violations. The court ordered Tegna to continue operating independently while litigation proceeds.
NXST reported first-quarter 2026 earnings of $6.15 per share, surpassing the Zacks Consensus Estimate by 28.7% and rising 82.5% from the year-ago quarter. The sharp year-over-year growth was largely driven by the absence of $42 million in one-time transaction and restructuring charges recorded in the prior-year period. It posted revenues of $1.4 billion in the quarter, which rose 13.1% from the prior-year period and topped the Zacks Consensus Estimate by 10.6%. The growth was driven by $106 million in additional revenues from the TEGNA acquisition, along with stronger advertising and distribution revenues across its legacy operations.
NXST belongs to the Zacks Media Conglomerates industry. Nexstar currently carries a Zacks Rank #3 (Hold), and its shares have slid 2.8% year to date compared with the industry’s 10.4% decline. In the same period, two of its peers, Tencent Music Entertainment Group (TME - Free Report) and The Walt Disney Company (DIS - Free Report) , have lost 48.2% and 6.7%, respectively. While DIS also carries a #3, TME has a #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Bottom LineThe case has major implications for the future of media consolidation in America. If the injunction ultimately stands, it could discourage large broadcast mergers and embolden state-led antitrust enforcement even after federal approval. The ruling also signals growing concern over shrinking local-news competition, newsroom layoffs and rising cable costs. For broadcasters already struggling against streaming platforms and Big Tech, the outcome may reshape how traditional media companies pursue scale and survival in a rapidly changing industry.
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.
This Zacks Rank #1 company has a dividend yield of nearly 21%, compared with the industry average of 2.7%.
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%.
Civista Bancshares, Inc. (CIVB - Free Report) : This financial holding company for Civista Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.2% over the last 60 days.
This Zacks Rank #1 company has a dividend yield of 2.9%, compared with the industry average of 2.6%.
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Here are three stocks with buy rank and strong value characteristics for investors to consider today, May 14:
Great Elm Capital Corp. (GECC - Free Report) : This business development company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days.
Great Elm has a price-to-earnings ratio (P/E) of 5.20, compared with 13.20 for the industry. The company possesses a Value Score of A.
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.
Nexstar has a price-to-earnings ratio (P/E) of 6.81, compared with 48.30 for the industry. The company possesses a Value Score of A.
Lifetime Brands, Inc. (LCUT - Free Report) : This home appliances company dealing primarily in kitchenware carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.7% over the last 60 days.
Lifetime Brands has a price-to-earnings ratio (P/E) of 9.48, compared with 11.50 for the industry. The company possesses a Value Score of A.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Learn more about the Value score and how it is calculated here.
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, May 14:
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.
Nexstar has a PEG ratio of 0.68 compared with 2.39 for the industry. The company possesses a Growth Score of A.
Lifetime Brands, Inc. (LCUT - Free Report) : This home appliances company dealing primarily in kitchenware carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.7% over the last 60 days.
Lifetime Brands has a PEG ratio of 0.68 compared with 1.22 for the industry. The company possesses a Growth Score of A.
DaVita Inc. (DVA - Free Report) : This dialysis services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.
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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Learn more about the Growth score and how it is calculated here.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Tapestry, Inc. (TPR - Free Report) : This lifestyle brand and accessories company has seen the Zacks Consensus Estimate for its current year earnings increasing 7.6% over the last 60 days.
Civista Bancshares, Inc. (CIVB - Free Report) : This financial holding company for Civista Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 9.2% over the last 60 days.
Lifetime Brands, Inc. (LCUT - Free Report) : This home appliances company dealing primarily in kitchenware has seen the Zacks Consensus Estimate for its current year earnings increasing 19.7% over the last 60 days.
Nexstar Media Group, Inc. (NXST - Free Report) : This broadcasting and digital media company has seen the Zacks Consensus Estimate for its current year earnings increasing 16.2% over the last 60 days.
Great Elm Capital Corp. (GECC - Free Report) : This business development company has seen the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The U.S. flag, a judge gavel and a vintage scale are seen in this illustration taken August 6, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesWASHINGTON, May 20 (Reuters) - Nexstar Media Group (NXST.O), opens new tab asked a U.S. appeals court late on Wednesday to expedite a review of a lower-court order that has halted its merger with rival broadcaster Tegna, saying the delay has lost tens of millions of dollars it can never recover.
A California judge on April 17 temporarily blocked the $6.2 billion deal from proceeding, which has been challenged by a dozen state attorneys general and DirecTV.
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The deal would create the largest broadcast station group in the United States, reaching 80% of households.
Nexstar wants the 9th Circuit U.S. Court of Appeals to schedule oral arguments for August on the deal. A separate challenge is pending over whether the size of the deal violates a federal law limiting the size of broadcast companies.
Nexstar said the delay is hindering its ability to recruit talent and is preventing it from making key business decisions.
The company warned it "faces the irreversible loss of key employees and on-air talent, and degradation of critical business relationships." It said Tegna, which is operating separately, cannot implement cost reductions Tegna itself had determined were necessary.
The states, led by California and New York, argue the deal would "put more broadcast programming in the hands of fewer people, cut local jobs, increase cable bills, and significantly impact the delivery of news and other media content to Americans nationwide."
DirecTV argues the deal will irreparably drive up consumer costs, reduce local competition, shutter local newsrooms and increase both the frequency and duration of blackouts of key local sports teams.
The companies quickly closed the deal after the Justice Department and the Federal Communications Commission approved it on March 19.
If the court does not reverse the order, a trial on the dispute is not likely to begin before 2027. Court papers are due by July 8.
Reporting by David Shepardson; Editing by Tom Hogue and Stephen Coates
Our Standards: The Thomson Reuters Trust Principles., opens new tab
IRVING, Texas--(BUSINESS WIRE)--The Nexstar Media Charitable Foundation is doubling the size of its “30 Days of Giving” initiative in June to 60 grants and 300,000 dollars.
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/
MCLEAN, Va., June 01, 2026 (GLOBE NEWSWIRE) -- TEGNA Inc. today announced that its stations received 50 Regional Edward R. Murrow Awards, including the top honor for Overall Excellence awarded to KGW in Portland, Oregon. KARE in Minneapolis, earned nine awards, including Excellence in Writing, and KUSA in Denver was recognized with six awards including Investigative Reporting.
“These honors reflect a sustained dedication to serving our communities with courageous reporting, distinctive writing and trustworthy coverage distributed across platforms,” said Julie Wolfe, vice president of content at TEGNA. “Congratulations to our talented news teams, who continue to set a high standard for local journalism across the country.”
Overall, 16 TEGNA stations were honored:
KARE – Minneapolis, Minn., 9 awardsKING – Seattle, Wash., 7 awardsKUSA – Denver, Colo., 6 awardsWFAA – Dallas, Texas, 5 awardsWTHR – Indianapolis, Ind., 5 awardsKGW – Portland, Ore., 3 awards, including Overall ExcellenceWCSH/WLBZ (NEWS CENTER Maine) – Portland, Maine, 3 awardsWTSP – Tampa, Fla., 2 awardsKHOU – Houston, Texas, 2 awardsKREM – Spokane, Wash., 2 awardsKSDK – St. Louis, Mo., 1 awardKXTV – Sacramento, Cal., 1 awardWUSA – Washington, D.C., 1 awardWBIR – Knoxville, Tenn., 1 awardWGRZ – Buffalo, N.Y., 1 awardWTOL – Toledo, Ohio, 1 award The Edward R. Murrow Awards are sponsored by the Radio Television Digital News Association (RTDNA) and honor outstanding achievements in broadcast and digital journalism.
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
Senior Director, Corporate Communications
703-873-6422 [email protected]
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.
Nexstar Television Stations Win 34 Regional Edward R. Murrow Awards for Outstanding Journalism and Exceptional Locally Produced News 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: “Digital,” “Excellence in Diversity, Equity, and Inclusion,” “Excellence in Innovation,” and “Podcast.” KTVI-TV (FOX) in St. Louis, MO (DMA #24), won three Regional Murrows, including the awards for “Excellence in Writing,” “Continuing Coverage,” and “News Documentary.” WPRI-TV (CBS) in Providence, RI (DMA #53), was also recognized in three categories, including “News Documentary,” “Breaking News Coverage,” and “Investigative Reporting.” Winning two Regional Murrow Awards each were: WJZY-TV (FOX) in Charlotte, NC (DMA #21), WGNO-TV (ABC) in New Orleans, LA (DMA #50), WRIC-TV (ABC) in Richmond, VA (DMA #54), KHON-TV (FOX/CW) in Honolulu, HI (DMA #69), and KGET-TV (NBC/CW) in Bakersfield, CA (DMA #121). “Edward R. Murrow’s legacy is a reminder that democracy depends on trusted journalists reporting from the communities they serve,” said Nexstar’s Founder, Chairman and Chief Executive Officer, Perry Sook. “Our journalists carry that tradition forward every day. As local broadcasters fight for survival in a media landscape increasingly dominated by Big Tech and streaming giants, the need to preserve strong local journalism has never been greater.”
Ten Nexstar stations were each recognized with one Regional Murrow Award. They are: WFLA-TV (NBC) in Tampa, FL (DMA #11), KOIN-TV/KRCW-TV (CBS/CW) in Portland, OR (DMA #23), WTNH (ABC) in New Haven, CT (DMA #33), KFOR-TV (NBC) in Oklahoma City, OK (DMA #45), WGHP-TV (FOX) in Greensboro, NC (DMA #47), WHO-TV (NBC) in Des Moines, IA (DMA #67), WSYR-TV (ABC) in Syracuse, NY (DMA #87), KETK-TV (NBC) in Tyler, TX (DMA #107), KELO-TV (CBS/CW) in Sioux Falls, SD (DMA #112), and KSNT-TV (NBC) in Topeka, KS (DMA #141).
In addition, two stations owned by Mission Broadcasting, Inc., WPIX-TV (CW) in New York, NY (DMA #1), and KLRT-TV (FOX) in Little Rock, AR (DMA #59), were also recognized by RTDNA. WPIX-TV picked up one Regional Murrow Award, while KLRT-TV received two Regional Murrow Awards. Nexstar produces the news for both WPIX and KLRT.
“We are honored to be recognized by the Radio Television Digital News Association,” said Andrew Alford, President of Nexstar’s broadcasting division. “These awards reflect the exceptional work and unwavering dedication of our teams across the country. At Nexstar, we remain committed to creating, producing, and distributing trusted news, sports, and entertainment content that informs, engages, and inspires millions every day. Thank you to RTDNA for this acknowledgement, and congratulations to our Regional Murrow Award-winning journalists and stations.”
Below is the complete list of the Regional Edward R. Murrow Awards won by Nexstar and Mission Broadcasting television stations.
REGION 4 TELEVISION | SMALL MARKET
Excellence in Diversity, Equity, and Inclusion
Today & Tomorrow on the Cheyenne River Reservation
KELOLAND Media Group
Sioux Falls, SD
https://youtu.be/TxD-9mrokzs
REGION 6 TELEVISION | SMALL MARKET
Hard News
Delays and Dollars: The Old Jacksonville Expansion Project
KETK-TV
Tyler, TX
https://youtu.be/NALYcF0YD3Y
REGION 8 TELEVISION | LARGE MARKET
Excellence in Video
Alternative College Sports
WJZY Queen City News
Charlotte, NC
https://youtu.be/j6WFFCGnVQE
News Documentary
Teaching the Holocaust
WGHP-TV
Greensboro, NC
https://youtu.be/sQZRZDl8B74
Investigative Reporting
Little Town's Cash Cow
WJZY Queen City News
Charlotte, NC
https://youtu.be/qJAT5C2s0s8
REGION 13 TELEVISION | LARGE MARKET
Excellence in Innovation
WFLA News Now at 11:00
WFLA News Channel 8
Tampa, FL
https://youtu.be/eKuZpZRI1qs
The RTDNA has been honoring outstanding achievements in broadcast and digital journalism at the local and national level with the Edward R. Murrow Awards since 1971. Regional winners are automatically considered for a National Edward R. Murrow Award, which will be announced in August.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260602144974/en/
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.
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].
