NEXSTAR MEDIA GROUP, INC.
Nexstar Media Group, Inc. (NASDAQ: NXST) operates as America's largest local television broadcasting company, generating $4.9 billion in annual revenue. The company produces and distributes engaging local and national news, sports, and entertainment content across television and digital platforms, producing over… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What NEXSTAR MEDIA GROUP, INC. does
In the company’s own words
Nexstar Media Group, Inc. (NASDAQ: NXST) operates as America's largest local television broadcasting company, generating $4.9 billion in annual revenue. The company produces and distributes engaging local and national news, sports, and entertainment content across television and digital platforms, producing over 317,000 hours of programming annually. Nexstar owns or partners with more than 200 broadcast stations in 116 U.S. markets across 40 states and the District of Columbia, reaching approximately 225 million people and covering roughly 70 percent of U.S. television households. The company website is located at http://www.nexstar.tv.
The company's portfolio includes top network affiliates representing CBS, FOX, NBC, ABC, and The CW, positioning Nexstar as the first, second, or third largest affiliate group for each major broadcast network. Nexstar's national television properties include an 80.8 percent interest in The CW Network, the fifth major broadcast network in the United States; NewsNation, a national news network providing unbiased reporting; two entertainment multicast networks, Antenna TV and REWIND TV; and a 31.3 percent ownership stake in Television Food Network. The company's digital assets, including local television station apps and websites, The Hill political news platform, and NewsNationNow.com, collectively represent a top ten U.S. digital news and information property attracting over 90 million monthly unique users.
Revenue streams are diversified across geography, affiliation, and source, with 59 percent derived from distribution, 40 percent from advertising, and one percent from other sources. The company employs approximately 6,000 journalists and 1,600 salespeople serving over 50,000 advertisers. In August 2025, Nexstar entered into a definitive merger agreement to acquire TEGNA Inc. for $22 per share, valued at approximately $6.2 billion, anticipated to close by the second half of 2026. The combined entity would operate 265 full-power television stations in 44 states and the District of Columbia, covering 80 percent of U.S. television households and 132 of the country's 210 designated market areas.
Company details
- Sector
- Communication Services
- Industry
- Communications
- Headquarters
- IRVING, TX
- Fiscal year end
- December
- CIK
- 1142417
- SIC
- 4833
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns NEXSTAR MEDIA GROUP, INC. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · NEXSTAR MEDIA GROUP, INC.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
NEXSTAR MEDIA GROUP, INC.’s bonds, as funds hold them
Funds report holding 3 issues of NEXSTAR MEDIA GROUP, INC.’s debt, $222.86M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.76%, maturing 2028 to 2034.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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