Nexstar Media Group, Inc. (NXST)

Nexstar Media Group, Inc. (NXST) is the largest local television broadcasting and media company in the United States, headquartered in Irving, Texas. Led by Founder, Chairman, and CEO Perry Sook, Nexstar’s strategic mission is to "provide the highest-quality local news and entertainment to the communities we serve while delivering superior returns to our shareholders." The company holds a dominant industry position, owning or operating 200 television stations in 116 markets, reaching over 212 million people. The company’s vision is to be the premier cross-platform media entity, bridging the gap between local broadcast and digital distribution. In late 2025, NXST stock remains a defensive powerhouse, with the NXST stock price supported by its $3.7 billion acquisition of TEGNA assets and record political advertising revenue during the 2024-2025 cycle.

The business operations of Nexstar are diversified across its Television Division, The CW Network, and its Digital/NewsNation segments. In fiscal 2025, the company reported a record 12-month revenue forecast of $5.1 billion, with EPS exceeding analyst expectations. A primary growth driver is the "Deregulation Window," where Nexstar is leading the industry argument for lifting antiquated ownership caps to allow for more efficient local media hubs. The 2026 strategic roadmap focuses on "Cross-Platform Monetization," selling integrated ad packages across its stations and NewsNation cable network to capture national ad spend at the local level. Nexstar holds an "Infrastructure Moat," as its broadcast towers and local newsrooms are essential community assets that cannot be replicated by streaming services. With a 11.7% earnings growth rate and a robust dividend (recently raised to $1.86 per quarter), the company is utilizing its strong cash flow to pay down debt and repurchase shares, making NXST stock a cornerstone of value-oriented media portfolios.

Nexstar Media Group, Inc. (NXST) is listed on the NASDAQ Global Select Market. For investors researching NXST stock, the company’s ability to extract "Cost Synergies" from the TEGNA acquisition—estimated at $100 million annually—is a primary catalyst for margin expansion. The NXST stock price is a leading indicator for the health of the U.S. advertising market and the evolution of broadcast-to-digital transition. For those monitoring NXST stock, the company’s entry into "Network Deals" with regional station groups represents a new, high-margin revenue stream. As the media landscape continues to consolidate, NXST stock stands as the ultimate "Survivor" with unmatched local scale.