NXST changes
Pick any two versions below to diff them.
- Price
- $185.12 → $209.74(+13.3%)
- Recent events
- Nov 5, 2026: Nexstar reported Q3 2026 results. Net revenue was a record $2.13 billion, up 78%, with $765 million from TEGNA, and political advertising revenue was a record $317 million for a third quarter. Net income was $250 million, adjusted EBITDA was $756 million and adjusted free cash flow was $443 million. Nexstar repaid $350 million of debt in the quarter and $525 million more after September 30, 2026. The total net leverage ratio fell to 4.04 times from 4.22 times at June 30, 2026. Nexstar said that the Ninth Circuit will hear oral argument on its appeal of the TEGNA order on November 17, 2026. added: Oct 30, 2026: Nexstar's board declared a quarterly dividend of $1.86 per share. It is payable on November 27, 2026, to shareholders of record on November 13, 2026. Aug 6, 2026: The FCC voted to remove the national ownership limit of 39% of US TV households and to review each transaction separately. Nexstar said that the decision is not yet effective and is likely to be challenged in court. Aug 6, 2026: The court in California ruled that its order does not allow current or former Nexstar employees, directors or consultants to serve on the TEGNA board, and told Nexstar to comply at once. TheDesk reported on August 14, 2026 that four of the five TEGNA directors, including Nexstar CEO Perry Sook, left the TEGNA board. Aug 6, 2026: Nexstar reported Q2 2026 results. Net revenue was a record $1.99 billion, up 62%, with $697 million of revenue from TEGNA. Net income was $113 million and adjusted EBITDA was $633 million. Adjusted free cash flow was $238 million. Nexstar repaid $409 million of debt and paid $57 million in dividends in the quarter. Jul 31, 2026: Nexstar declared a quarterly dividend of $1.86 per share, paid on August 28, 2026. Jul 9, 2026: The D.C. Circuit rejected all of the challenges to the FCC Media Bureau's order that approved Nexstar's purchase of TEGNA. The antitrust lawsuit in California is separate, and its trial is set for July 6, 2027. Apr 17, 2026: The U.S. District Court for the Eastern District of California issued a preliminary injunction in the lawsuit by DIRECTV and several State Attorneys General. Nexstar and TEGNA must stay separate while the case continues. Nexstar appealed to the Ninth Circuit to narrow the order. Apr 2, 2026: Nexstar issued $1,725 million of senior unsecured notes due 2034 to refinance $1,714 million of notes due in July 2027. Mar 19, 2026: Nexstar completed its purchase of TEGNA after it received approvals from the FCC and the Department of Justice. TEGNA shareholders received $22.00 per share in cash.