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Nexstar anticipates repaying over $1B of total debt by year-end 2026 while targeting CW profitability in Q4. Aug 06, 2026, 12:56 PM ET Nexstar Media Group, Inc. (NXST) Stock AI-Generated Earnings Calls Insights Earnings Call Insights: Nexstar Media Group (NXST) Q2 2026 Management view. * "Nexstar delivered record second quarter results, including an all-time high quarterly revenue number of $2 billion, adjusted EBITDA of $633 million and year-over-year free cash flow of more than doubling to $238 million for Fresh Stock Ideas, Every Day Explore diverse investing perspectives with daily analysis from experts across the market. Seeking Alpha's Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Nexstar revenue reaches record $2 billion in Q2 boosted by TEGNA acquisition. [email protected] August 6, 2026 Key points. * Q2 Net revenue: $1.99 billion (+62.2% year-over) * Distribution revenue: $1.12 billion (+52.3%) * Advertising revenue: $862 million (+81.5%) * Political advertising revenue: $147 million, compared with $9 million * Other revenue: $15 million (-28.6%) * Income from operations: $362 million (+70%) * Net income: $113 million (+24.2%) * Net income attributable to Nexstar: $120 million (+23.7%) * Cash on hand: $218 million * Total debt: $11.74 billion * Read more Q2 2026 media earnings coverage | Nexstar coverage Nexstar Media Group says it is already experiencing financial windfalls related to its March acquisition of TEGNA, despite an ongoing antitrust lawsuit that currently precludes the broadcasters from completing their consolidation and requiring them to maintain separate operations for now. During the company's second financial quarter (Q2) of the year, Nexstar said it earned $1.99 billion in overall revenue, an increase of 62.2 percent compared to last quarter. TEGNA's portion of its operations contributed $697 million in incremental revenue, the broadcaster said. With TEGNA excluded, Nexstar's revenue would have been $1.29 billion, up slightly from $1.23 billion during the year-ago period. Revenue from fees charged to cable, satellite and streaming operators rose more than 52 percent to $1.12 billion, including $362 million in fees collected from TEGNA. Nexstar said its distribution revenue benefited from higher fees charged to pay TV companies and their customers, offset slightly by ongoing churn in the pay TV industry, which eats away at per-subscriber fees. Advertising revenue increased more than 81 percent to $862 million, including $331 million from TEGNA. Political advertising totaled $147 million, compared with $9 million a year earlier, while Nexstar's legacy stations generated a $75 million increase in political revenue. Core, non-political advertising was partially pressured by political campaigns crowding out available commercial inventory. Advertising also benefited from highly rated FIFA World Cup matches carried by Nexstar's Fox affiliates and continued streaming advertising growth in its legacy local markets, the company affirmed. The company recorded $53 million in transaction, one-time and restructuring expenses, largely connected to the TEGNA acquisition and related financing. Interest expense nearly doubled to $190 million. Stock price. In prepared remarks, Nexstar's founder and CEO Perry Sook said some of its properties, including NewsNation and the CW Network, continued to experience year-over growth as the broadcaster continues to evolve these properties to meet the wants and desires of viewers. NewsNation remained the fastest-growing, ad-supported cable network in prime-time and total-day viewers, Sook said, citing data from Nielsen. The network typically ranks behind Fox News, CNN and MS Now (formerly MSNBC) in total-day viewers, though its prime-time programming has increased over the years, attracting tens of thousands of viewers on any given night. The CW Network accelerated its commitment to sports broadcasting by inking new distribution deals with ESPN and The Roku Channel during Q2. Both platforms will offer some or all of CW Network's sports programming through their respective services. ESPN's deal with the CW Network went online earlier this month. "Looking forward, we are well positioned for strong free cash flow generation in the second half of 2026 and we remain confident that the case challenging our acquisition of TEGNA is without merit and we will continue to vigorously defend it," Sook said.

CBS drops WSPA, picks up WYFF4 in network affiliation shake up. Greenville News Updated July 24, 2026, 5:28 p.m. ET The Greenville-Spartanburg television station WSPA-7 is losing its affiliation with the CBS Network, which will move to WYFF4, according to the Radio and Television Business Report. WSPA-7 is owned by Nexstar Media Group and is not the only station affected. According to the Radio and Television Business Report, a group of CBS affiliates owned by Nexstar are also losing their network affiliations. "In July, Nexstar completed a multi-year agreement with CBS to extend its affiliations in 36 markets," a statement from Nexstar said. "We will be replacing the CBS affiliation with a CW affiliation in at least three markets (Jackson, MS, Bismarck, ND and Rapid City, SD) and promoting FOX to replace CBS as our primary network in Albuquerque, NM. We will be elevating the CW affiliations from the digital subchannels they currently occupy to a premiere slot widely available over-the-air and across all major paid platforms. In addition, we look forward to expanding our local news in Greenville/Spartanburg, Birmingham, and several of these markets with the new scheduling flexibility these transitions will afford." Hearst Television owns WYFF 4. A spokesperson said the company would not issue a statement on the matter, but confirmed the move. The change will go into effect on Aug. 1. Hearst Television will also be taking over the CBS affiliation from Nexstar stations in Albuquerque, New Mexico, Jackson, Mississippi and Birmingham, Alabama. "We are pleased to have entered into several new CBS Television Network affiliation agreements, including extending our long-standing partnership with Nexstar, expanding our relationship with Hearst Television and welcoming Forum Communications Company into the CBS Family," said a spokesperson at Paramount, which owns CBS. "CBS has an unwavering commitment to our audience, and we are excited to continue to deliver our leading sports, news and entertainment programming to viewers across the country." The CBS programming will broadcast on WYFF4.3 and WYFF4 will continue broadcasting NBC programming, according to a report on the news station. Bed Bug Bites: Spot the SignsLearn how to identify bed bug bites and symptoms to improve treatment. Need help? Contact an Orkin Pro for expert bed bug and pest control solutions.Orkin | Ad