Nexstar Media Group, also known as Nexstar, is a Publicly Owned company headquartered in the US. Founded in 1996 and employing approximately 3,480 individuals, it reported $4.9B in revenue as of 2025. Functioning as a tier 1 media tech buyer, the company specializes in broadcast television and radio, and as a diversified media company, it produces and distributes local and national news, sports, and entertainment content, including 283,000 hours of original video content each year.
On March 13, 2026, Nexstar enhanced programming for Temple University's digital cable TV station, allowing student-produced content to reach viewers via local TV station Connected TV streaming apps across the Delaware Valley and beyond. Previously, on March 12, Nexstar highlighted its diversified media strategy, revenue stability, and enhancements in programming and viewership, while analyzing financial results impacted by political advertising declines and leveraging NASCAR. Earlier on March 12, Nexstar and CBS Television Stations announced they will host separate live televised debates between leading candidates for California governor in April, with Nexstar's "Debate Night in California: The Race for Governor" airing April 22 at 7 p.m. PT. Also on March 12, S&P Global Ratings affirmed TEGNA Inc.'s 'BB+' Issuer Credit Rating, expecting Nexstar's acquisition of TEGNA to receive regulatory approval and close by the end of the second quarter of 2026, which would increase the combined company's pro forma S&P Global Ratings-adjusted net debt to EBITDA to approximately 4.6x at closing. This follows news from March 10 that Lori Tucker, a longtime 6 News anchor at Nexstar affiliate WATE, announced her retirement after more than three decades of informing East Tennessee viewers.
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Nexstar Media Group offers 156 products in the media and telecoms services industry. Nexstar Media Group's product portfolio comprises of broadcast television and radio.
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Nexstar Media Group's revenues were $4.9B in 2025. Caretta Research has split Nexstar Media Group's revenue into 2 different product categories, the largest of which is linear (local broadcaster), which represents 55% of Nexstar Media Group's revenue.
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