Nexstar Media Group (NXST)
Operates U.S. local TV stations, national networks, and digital news properties.
Something off on this page? Send us feedback.
Sells local advertising and programming through a U.S. station portfolio, national networks, and digital news properties. The CW, NewsNation, Antenna TV, REWIND TV, and The Hill extend its reach beyond local markets.
Operates U.S. local television stations, using locally produced programming and advertising sales in individual markets. Central programming, finance, sales, and marketing support those owned and partner stations. The broadcasting group is concentrated in the United States.
Pairs those local franchises with national media assets: The CW, NewsNation, Antenna TV, and REWIND TV. Digital properties include local station websites and apps, The Hill, and NewsNationNow.com, while an investment in TV Food Network adds another national-media interest.
Completed the TEGNA acquisition in March 2026, but stated it would comply with a hold-separate order while legal proceedings challenging the transaction remained pending.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 10, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $250 | Target: $240 |
| Apr 10, 2026 | Citigroup | Upgrade | ||
| Feb 10, 2026 | Deutsche Bank | Target | Target: $207 | Target: $250 |
| Feb 28, 2025 | Loop Capital | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $218.0M · Total debt $12.09B · Total assets $17.72B · Shareholders' equity $2.27B
- Revenue
- $3.08B
- Operating income
- $362.0M
- Net income
- $120.0M
HistoryDividendAnnual yield
| Institutions | ≈ 104.06% | 31.78M shares | |
|---|---|---|---|
| 502 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 11.26% | 3.44M shares | |
| 22 holders · as of Aug 24, 2026 | |||
| Adds to | 115.32% | ||
30.54M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 115.32%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.00% | 3.36M | as of Jun 30, 2026 |
Perry A. Sook1Insiderdirector, officer: Chief Executive Officer | 9.73% | 1.76M · 975,956 | filed Jun 29, 2026 |
Dimensional Fund Advisors LPInstitution | 4.69% | 1.43M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.67% | 1.43M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.26% | 1.30M | as of Jun 30, 2026 |
- Perry A. Sook's transaction reports restate only vehicles that traded; the 2024 ownership statement (1.76M) plus the 230.5K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Bernadette S. Aulestia | director | −300 | $186.80 |
| Aug 24, 2026 | Michael Biard | officer: President & COO | −2,465 | $185.82 |
| Aug 14, 2026 | Dana Zimmer | officer: See Remarks | −4,008 | $187.46 |
| Jun 26, 2026 | Perry A. Sook | director, officer: Chief Executive Officer | +12,235 | $162.26 |
| Jun 16, 2026 | Lee Ann Gliha | officer: EVP, Chief Financial Officer | −373 | $170.81 |
- Gray Media
Scaled local TV stations and digital assets in overlapping U.S. markets
- Sinclair
Local TV, news, sports and multicast competition across U.S. markets
- E.W. Scripps
Local TV, national news, multicast and sports-media overlap
- Fox Class A
Broadcast TV, local stations, national news and ad-supported streaming
- Paramount Skydance
CBS network and stations, national news, streaming and local ad sales
- Warner Bros. Discovery
National cable news and streaming-video competition for viewers and ads
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nexstar Media Group | $166.11 | −0.85% | $5.12B | 31.9 | 5.7 | 0.7 | +62.3% |
| Gray Media | $4.54 | −2.47% | $454.1M | — | 2.5 | 0.1 | +8.7% |
| Sinclair | $12.96 | −1.59% | $920.4M | 17.4 | 25.0 | 0.3 | +7.1% |
| E.W. Scripps | $3.05 | −2.24% | $248.4M | — | — | 0.1 | −9.2% |
| Fox Class A | $63.68 | −0.89% | $28.17B | 16.7 | 10.7 | 1.6 | +28.1% |
| Paramount Skydance | $9.90 | −2.13% | $11.00B | — | 11.9 | 0.4 | +0.9% |
| Warner Bros. Discovery | $30.79 | −0.12% | $77.30B | — | — | 2.1 | −11.2% |
| Median | 17.1 | 11.3 | 0.3 | +4.0% |