NEXSTAR MEDIA GROUP, INC. 8K

Nexstar Media Group filed a Form 8-K to announce record Q2 2026 financial results driven by the TEGNA acquisition and political advertising, outline related strategic initiatives and capital allocation, and provide an update on litigation and regulatory developments surrounding the TEGNA transaction.

On August 6, 2026, Nexstar Media Group, Inc. reported record second quarter 2026 results, with net revenue of $1.99 billion (up 62% year-over-year) driven largely by its March 19, 2026 acquisition of TEGNA Inc., strong political advertising, and incremental revenue from FIFA World Cup programming, resulting in net income of $113 million, adjusted EBITDA of $633 million, net cash from operations of $298 million, and adjusted free cash flow of $238 million. The company highlighted capital allocation actions including repayment of $409 million of debt and payment of $57 million in dividends in the quarter, and provided detail on its post-TEGNA strategic initiatives such as a multi-year CBS affiliation renewal and market realignments, new local primetime newscasts in Dallas and Phoenix, expansion of The CW’s audience via distribution partnerships with ESPN and Roku and a broader WWE NXT deal, continued audience growth at NewsNation, and completion of ATSC 3.0 deployment in the top 25 DMAs. Nexstar also updated investors on ongoing TEGNA-related antitrust litigation and regulatory matters, noting a preliminary injunction requiring Nexstar and TEGNA to be held separate pending trial scheduled for July 6, 2027, a D.C. Circuit decision on July 9, 2026 rejecting challenges to the FCC’s approval of the deal, an appeal in the Ninth Circuit seeking to narrow the injunction and dismiss state plaintiffs expected to be argued in Q4 2026, and an upcoming FCC vote on potentially repealing the national ownership cap, while explaining that expected TEGNA synergies have been removed from leverage covenant calculations due to timing constraints.

Filing Facts

CIK

1142417

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-336678

Alert Tier

7