CW Sports Partners with ESPN for Exclusive Streaming Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy NXST?
Source: Newsfilter
- Exclusive Streaming Agreement: CW Sports has partnered with ESPN to exclusively stream all CW Sports events on the ESPN App, expected to launch in Summer 2026, significantly enhancing ESPN's streaming offerings and attracting more subscribers.
- Rich Sports Content: The agreement includes college football and basketball from the ACC, Pac-12, and Mountain West, as well as NASCAR, WWE, and PBA bowling, providing over 800 hours of premium live sports programming annually.
- Expanded Audience Reach: By utilizing the ESPN App, CW Sports will reach a broader audience, increasing advertisers' reach and brand impact, ensuring fans can watch their favorite sports events anytime and anywhere.
- Enhanced Market Competitiveness: CW Sports saw a 10% increase in viewership for its NASCAR events in 2025, with 2026 continuing to attract over one million viewers, demonstrating strong growth potential in the sports broadcasting market.
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Analyst Views on NXST
Wall Street analysts forecast NXST stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 194.520
Low
204.00
Averages
232.25
High
250.00
Current: 194.520
Low
204.00
Averages
232.25
High
250.00
About NXST
Nexstar Media Group, Inc. is a diversified media company with television broadcasting, television network and digital media assets operating in the United States. The Company produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. The Company’s reportable broadcast segment includes television stations and related local websites that Nexstar owns, operates, programs or provides sales and other services to in various markets across the United States, NewsNation, a national cable news network, two owned and operated multicast networks and other multicast network services, and WGN-AM, a Chicago radio station. The other operating segments, The CW and digital businesses, focused on the national marketplace. The Company’s portfolio of digital assets, including its local TV station websites, The Hill and NewsNationNow.com. Its national television properties include The CW, NewsNation, Antenna TV, and Rewind TV.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nexstar Media Group Q1 2026 Earnings Call Insights
- Acquisition Completed: Nexstar successfully closed its acquisition of TEGNA in Q1 2026, receiving FCC and DOJ approval, despite facing a lawsuit from DIRECTV and several state AGs; management remains optimistic about prevailing in court.
- Strong Financial Performance: The company reported record net revenue of $1.4 billion in Q1, with adjusted EBITDA and free cash flow at $470 million and $420 million respectively, showcasing robust cash generation and debt repayment capabilities, although challenges from a weak advertising environment persist.
- Network Growth Momentum: NewsNation was the fastest-growing network in March 2026 among major broadcast and cable networks, while the CW network improved year-over-year profitability in Q1, with expectations to achieve profitability by Q4 2026, indicating positive progress in the company's network development strategy.
- Cautious Outlook: Management indicated that forward guidance will be limited due to the court-ordered hold-separate structure, with non-political advertising expected to decline mid-single digits in Q2, reflecting uncertainty and overall weakness in the advertising market.
See More
Nexstar Reports Significant Profit Growth in Q1
- Profit Growth: Nexstar Media Group reported a net profit of $164 million for Q1, translating to earnings per share of $5.09, which is a significant increase from last year's $108 million and $3.37 per share, indicating enhanced profitability.
- Revenue Increase: The company's revenue rose by 13.1% year-over-year to $1.396 billion, compared to $1.234 billion last year, showcasing strong performance in the advertising market and an expansion of market share.
- Market Performance: The growth in Nexstar's earnings and revenue highlights its solid market position in the competitive media industry, which is expected to further attract investor interest and confidence.
- Future Outlook: With advertising spending continuing to rebound, Nexstar is poised to achieve further revenue and profit growth in the coming quarters, solidifying its leadership position in the industry.
See More
Nexstar Reports Strong Q1 Earnings, Beats Expectations
- Earnings Beat: Nexstar's Q1 GAAP EPS of $5.09 exceeded expectations by $0.69, indicating strong profitability and reflecting the company's competitive advantage in the media sector.
- Significant Revenue Growth: The first quarter revenue reached $1.39 billion, a 13.1% year-over-year increase, primarily driven by $106 million in incremental revenue from the TEGNA acquisition and higher advertising and distribution revenue from legacy business units, showcasing the success of the company's expansion strategy.
- Acquisition Impact: The acquisition of TEGNA has significantly boosted Nexstar's revenue, further solidifying its market position in the media industry and laying a foundation for future growth, demonstrating the effectiveness of its acquisition strategy.
- Positive Market Reaction: Following the strong earnings report, Nexstar's stock received a positive response in the market, with investors expressing confidence in the company's future growth potential, which may drive further stock price increases.
See More
Nexstar Media to Announce Q1 Earnings on May 7
- Earnings Announcement: Nexstar Media is set to release its Q1 2023 earnings report on May 7 before market open, with consensus EPS estimated at $4.39 and revenue expected to reach $1.26 billion, reflecting a 2.4% year-over-year growth, providing investors with insights into the company's financial health.
- Performance Beat Record: Over the past year, Nexstar has beaten EPS estimates 75% of the time and revenue estimates 50% of the time, indicating a level of stability and market confidence in the company's financial performance.
- Merger Integration Halted: A judge's ruling has blocked the $6.2 billion merger with Tegna, creating uncertainty around Nexstar's expansion plans and future growth potential, which could impact investor sentiment and strategic direction.
- Market Reaction Analysis: Despite Nexstar's strong financial track record, the uncertainty surrounding the merger may affect market reactions to its stock, prompting investors to closely monitor the upcoming earnings report for indications of the company's strategic direction.
See More
Five States Join Lawsuit to Block Nexstar-Tegna Merger
- Antitrust Lawsuit Expansion: Indiana, Kansas, Massachusetts, Pennsylvania, and Vermont have joined California Attorney General Rob Bonta's antitrust lawsuit aimed at blocking the Nexstar-Tegna merger, highlighting the states' commitment to preserving market competition.
- Merger Risk Warning: Bonta emphasized that the merger would enable Nexstar and Tegna to control and raise prices, fire journalists, and dominate the media landscape, reflecting serious concerns about the negative impacts on consumers, workers, and local news.
- Court Intervention: A federal judge in California issued a preliminary injunction in March against Nexstar's $6.2 billion acquisition of Tegna, extending a temporary order that paused the integration of the two major TV station groups, increasing uncertainty around the merger.
- Market Reaction: Nexstar's shares fell 2.4% on Friday, indicating market concerns regarding the merger's prospects, as investors remain cautious about the potential impact on the company's long-term strategic positioning.
See More
Nexstar Media Declares $1.86 Quarterly Dividend Amidst Merger Uncertainty
- Quarterly Dividend Announcement: Nexstar Media declares a quarterly dividend of $1.86 per share, consistent with previous distributions, indicating the company's stability and commitment to shareholder returns in the current market environment.
- Dividend Yield: The forward yield of 3.57% reflects the company's competitiveness in attracting investors, particularly amidst the uncertainties surrounding the merger with Tegna.
- Shareholder Record Dates: The dividend is payable on May 29, with a record date of May 15 and an ex-dividend date also set for May 15, ensuring shareholders receive their returns promptly.
- Merger Outlook Uncertain: Despite the dividend announcement, the $6.2 billion merger with Tegna faces legal challenges, which could impact Nexstar's future growth strategies and market performance.
See More
Nexstar Media Group Q1 2026 Earnings Call Insights
- Acquisition Completed: Nexstar successfully closed its acquisition of TEGNA in Q1 2026, receiving FCC and DOJ approval, despite facing a lawsuit from DIRECTV and several state AGs; management remains optimistic about prevailing in court.
- Strong Financial Performance: The company reported record net revenue of $1.4 billion in Q1, with adjusted EBITDA and free cash flow at $470 million and $420 million respectively, showcasing robust cash generation and debt repayment capabilities, although challenges from a weak advertising environment persist.
- Network Growth Momentum: NewsNation was the fastest-growing network in March 2026 among major broadcast and cable networks, while the CW network improved year-over-year profitability in Q1, with expectations to achieve profitability by Q4 2026, indicating positive progress in the company's network development strategy.
- Cautious Outlook: Management indicated that forward guidance will be limited due to the court-ordered hold-separate structure, with non-political advertising expected to decline mid-single digits in Q2, reflecting uncertainty and overall weakness in the advertising market.
See More
Nexstar Reports Significant Profit Growth in Q1
- Profit Growth: Nexstar Media Group reported a net profit of $164 million for Q1, translating to earnings per share of $5.09, which is a significant increase from last year's $108 million and $3.37 per share, indicating enhanced profitability.
- Revenue Increase: The company's revenue rose by 13.1% year-over-year to $1.396 billion, compared to $1.234 billion last year, showcasing strong performance in the advertising market and an expansion of market share.
- Market Performance: The growth in Nexstar's earnings and revenue highlights its solid market position in the competitive media industry, which is expected to further attract investor interest and confidence.
- Future Outlook: With advertising spending continuing to rebound, Nexstar is poised to achieve further revenue and profit growth in the coming quarters, solidifying its leadership position in the industry.
See More
Nexstar Reports Strong Q1 Earnings, Beats Expectations
- Earnings Beat: Nexstar's Q1 GAAP EPS of $5.09 exceeded expectations by $0.69, indicating strong profitability and reflecting the company's competitive advantage in the media sector.
- Significant Revenue Growth: The first quarter revenue reached $1.39 billion, a 13.1% year-over-year increase, primarily driven by $106 million in incremental revenue from the TEGNA acquisition and higher advertising and distribution revenue from legacy business units, showcasing the success of the company's expansion strategy.
- Acquisition Impact: The acquisition of TEGNA has significantly boosted Nexstar's revenue, further solidifying its market position in the media industry and laying a foundation for future growth, demonstrating the effectiveness of its acquisition strategy.
- Positive Market Reaction: Following the strong earnings report, Nexstar's stock received a positive response in the market, with investors expressing confidence in the company's future growth potential, which may drive further stock price increases.
See More
Nexstar Media to Announce Q1 Earnings on May 7
- Earnings Announcement: Nexstar Media is set to release its Q1 2023 earnings report on May 7 before market open, with consensus EPS estimated at $4.39 and revenue expected to reach $1.26 billion, reflecting a 2.4% year-over-year growth, providing investors with insights into the company's financial health.
- Performance Beat Record: Over the past year, Nexstar has beaten EPS estimates 75% of the time and revenue estimates 50% of the time, indicating a level of stability and market confidence in the company's financial performance.
- Merger Integration Halted: A judge's ruling has blocked the $6.2 billion merger with Tegna, creating uncertainty around Nexstar's expansion plans and future growth potential, which could impact investor sentiment and strategic direction.
- Market Reaction Analysis: Despite Nexstar's strong financial track record, the uncertainty surrounding the merger may affect market reactions to its stock, prompting investors to closely monitor the upcoming earnings report for indications of the company's strategic direction.
See More
Five States Join Lawsuit to Block Nexstar-Tegna Merger
- Antitrust Lawsuit Expansion: Indiana, Kansas, Massachusetts, Pennsylvania, and Vermont have joined California Attorney General Rob Bonta's antitrust lawsuit aimed at blocking the Nexstar-Tegna merger, highlighting the states' commitment to preserving market competition.
- Merger Risk Warning: Bonta emphasized that the merger would enable Nexstar and Tegna to control and raise prices, fire journalists, and dominate the media landscape, reflecting serious concerns about the negative impacts on consumers, workers, and local news.
- Court Intervention: A federal judge in California issued a preliminary injunction in March against Nexstar's $6.2 billion acquisition of Tegna, extending a temporary order that paused the integration of the two major TV station groups, increasing uncertainty around the merger.
- Market Reaction: Nexstar's shares fell 2.4% on Friday, indicating market concerns regarding the merger's prospects, as investors remain cautious about the potential impact on the company's long-term strategic positioning.
See More
Nexstar Media Declares $1.86 Quarterly Dividend Amidst Merger Uncertainty
- Quarterly Dividend Announcement: Nexstar Media declares a quarterly dividend of $1.86 per share, consistent with previous distributions, indicating the company's stability and commitment to shareholder returns in the current market environment.
- Dividend Yield: The forward yield of 3.57% reflects the company's competitiveness in attracting investors, particularly amidst the uncertainties surrounding the merger with Tegna.
- Shareholder Record Dates: The dividend is payable on May 29, with a record date of May 15 and an ex-dividend date also set for May 15, ensuring shareholders receive their returns promptly.
- Merger Outlook Uncertain: Despite the dividend announcement, the $6.2 billion merger with Tegna faces legal challenges, which could impact Nexstar's future growth strategies and market performance.
See More
