Every material Form 8-K Nexstar Media filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Nexstar reported record third-quarter 2026 net revenue of $2.13 billion, up 78.0% from a year earlier, driven largely by its acquisition of TEGNA, which contributed $765 million of incremental revenue. Net income rose to $250 million from $65 million, and diluted earnings per share were $7.92 compared with $2.14. The company also repaid $350 million of debt in the quarter and $525 million more after quarter end, while a preliminary injunction limits its ability to realize expected TEGNA synergies.
Q3 net revenue was $2,133 million, up from $1,198 million; advertising revenue rose 114.9% and distribution revenue rose 53.9%.
Q3 diluted earnings per share were $7.92, compared with $2.14 in the prior-year quarter.
Q3 Adjusted EBITDA was $756 million, up from $358 million, and political advertising revenue was a record $317 million.
Total debt was $11.4 billion at September 30, 2026; the company repaid an additional $525 million of secured credit facilities after quarter end.
Nexstar Media Group's Board of Directors declared a quarterly cash dividend of $1.86 per share on its common stock, announced October 30, 2026. The dividend is payable November 27, 2026 to holders of record on November 13, 2026. The company says it intends to pay regular quarterly dividends, but future dividends will be reviewed and declared by the Board at its discretion.
Quarterly cash dividend of $1.86 per share declared October 30, 2026
Payable Friday, November 27, 2026
Record date is Friday, November 13, 2026
Future dividends, including increases, remain subject to quarterly Board review and discretion
Nexstar reported record second-quarter 2026 net revenue of $1.99 billion, up 62.2% year over year, driven largely by its TEGNA acquisition, which closed March 19, 2026. Net income rose to $113 million, but its margin fell to 5.7% from 7.4%, reflecting $53 million of one-time transaction expenses and higher interest expense. Total debt stood at $11.7 billion as of June 30, 2026.
Q2 net revenue of $1,993 million, up $764 million (62.2%) from $1,229 million a year earlier, including $697 million from TEGNA.
Q2 net income of $113 million, up 24.2%; diluted EPS not provided for Q2 in the release beyond $3.61 versus $3.06 a year earlier.
Interest expense, net rose to $190 million from $97 million in the prior-year quarter.
A federal court preliminary injunction issued April 17, 2026 requires Nexstar and TEGNA to be held separate; trial is scheduled for July 6, 2027.
Nexstar reported first-quarter 2026 results for the period ended March 31, including TEGNA results from March 19 to 31 after the acquisition closed on March 19, 2026. Net revenue rose 13.1% to $1.40 billion and net income rose 64.9% to $160 million, though the income gain included a tax benefit of approximately $47 million and $42 million of one-time transaction expenses. Operating cash flow fell 14.2% to $289 million, and the company said it is involved in lawsuits seeking to enjoin the TEGNA acquisition.
Net revenue of $1.40 billion, up $162 million or 13.1%, including $106 million from TEGNA
Net income of $160 million, up $63 million, including a tax benefit of approximately $47 million and $42 million of one-time TEGNA-related expenses
Adjusted EBITDA of $470 million, up 23.4%; net cash from operating activities of $289 million, down 14.2%
Total debt of $12.2 billion at March 31, 2026, versus $6.3 billion at December 31, 2025
Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, completed a private offering of $1.725 billion in 7.250% Senior Notes due April 15, 2034. The proceeds will fund the redemption of its 5.625% Senior Notes due 2027 and pay related fees and expenses. The filing describes new debt obligations and covenants but does not report earnings or guidance changes.
Principal amount: $1.725 billion of 7.250% Senior Notes due April 15, 2034, issued April 2, 2026
Proceeds to redeem the Issuer's 5.625% Senior Notes due 2027 and pay fees and expenses
Interest paid semiannually on April 15 and October 15, starting October 15, 2026
Notes are senior unsecured, guaranteed by Nexstar Media Group, Inc. and Mission Broadcasting, Inc.; indenture limits debt, dividends and asset sales
Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, issued $3,390 million of 6.500% Senior Secured Notes due 2033 on March 25, 2026, in a private offering. Proceeds, with cash on hand, were used to repay bridge borrowings and other debt tied to the TEGNA acquisition, which closed on March 19, 2026, and to fund a tender for TEGNA's 5.00% notes due 2029. The filing shows the company's debt being replaced with longer-dated secured obligations, and it adds a new $1,750 million term loan that refinanced a $2,750 million loan.
$3,390 million of 6.500% Senior Secured Notes due September 15, 2033, issued March 25, 2026
Proceeds used to repay about $1.2 billion of Bridge Facility borrowings, redeem TEGNA's 4.625% 2028 notes, and fund about $1,000 million for a tender for TEGNA's 5.00% 2029 notes
New $1,750 million Incremental Term Loan B at SOFR plus 2.75% replaced the $2,750 million Existing Incremental Term Loan B Facility
Bridge Credit Agreement terminated on March 25, 2026
On March 19, 2026, Nexstar completed its acquisition of TEGNA under the August 18, 2025 merger agreement, after FCC and DOJ approval. To fund part of the cash consideration, NMI took on new debt, including a bridge facility of up to $2,390 million and term loans totaling $2,900 million, and the company agreed to FCC commitments that include divesting six television stations within two years.
TEGNA shareholders receive $22.00 per share in cash, under the merger agreement signed August 18, 2025
NMI established a bridge facility of up to $2,390 million, maturing on the first anniversary of the closing date
Term loans of $150 million (Term A) and $2,750 million (Term B) were drawn, with $200 million of bridge borrowings also used for cash consideration, TEGNA debt repayment and transaction expenses
FCC commitments include divesting six television stations within two years, subject to a waiver condition
Nexstar reported fourth-quarter 2025 net revenue of $1.29 billion, down 13.4% from a year earlier, mainly due to lower political advertising. The company posted a net loss of $170 million, compared with net income of $229 million a year earlier, after a $381 million impairment of its TV Food Network stake. It also issued 2026 standalone Adjusted EBITDA guidance of $1.95 billion to $2.05 billion.
Fourth-quarter advertising revenue was $549 million, down 27.6%; political advertising fell $233 million to $21 million.
Fourth-quarter Adjusted EBITDA was $433 million, down 31.1%, with margin of 33.6% versus 42.2%.
Full-year 2025 net revenue was $4.95 billion, down 8.5%, and net income was $83 million versus $683 million.
The proposed $6.2 billion TEGNA acquisition is anticipated to close by the second half of 2026, subject to regulatory approvals.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Nexstar Media filing is on SEC EDGAR ↗. 8-K briefs of other companies →