Nexstar Media Group, Inc. (NXST)

Nexstar Media Group's stock (NXST) has increased by 16.49% in the past six months and 41.76% over the past year. Key events impacting the stock include the Q3 2025 earnings report, which showed a decrease in revenue and EPS due to a drop in political advertising revenue. A U.S. appeals court revived DirecTV's antitrust lawsuit against Nexstar, introducing legal and regulatory risk. Nexstar Media Group declared a quarterly cash dividend of $1.86 per share.

Demand seasonality for Nexstar Media Group is significantly influenced by political advertising cycles, with advertising revenue fluctuating based on election years. Retransmission fees represent another stable revenue channel, with approximately 60% of these agreements scheduled for renewal in 2025, which are expected to influence results in 2026.

Nexstar Media Group, Inc. (NXST) operates in the Broadcasting and Media industry, producing and distributing news, sports, and entertainment content. The company's major products and services include television broadcasting through owned or partnered local stations, national television properties such as The CW and NewsNation, and digital assets including local TV station websites and The Hill. Nexstar also holds a stake in TV Food Network and owns WGN-AM radio in Chicago.

Nexstar Media Group's geographic footprint is primarily concentrated across the United States. The company is the largest local television broadcasting group in the U.S., with over 200 owned or partner stations in 116 U.S. markets, reaching approximately 220 million people. It delivers locally-produced programming and content to more than 70% of U.S. television households. The company's headquarters are located in Irving, Texas, Midtown Manhattan, and Chicago.

In the past year, Nexstar Media Group's brand reputation has faced scrutiny, particularly concerning its digital strategy. A report criticized Nexstar's digital initiatives, indicating a lack of serious strategy and underutilization of acquired digital assets. Lobbying efforts related to "Broadcast content issues" could imply ongoing discussions or concerns in that area.

The ownership of Nexstar Media Group is predominantly held by institutional investors, accounting for 100.23% of the total shares outstanding. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Dimensional Fund Advisors Lp. Perry A. Sook, the founder, chairman, and CEO, is the largest individual shareholder, holding 5.768% of the equities.