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NXST Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
185.610
Open
184.770
VWAP
179.96
Vol
642.21K
Mkt Cap
5.45B
Low
175.840
Amount
115.57M
EV/EBITDA(TTM)
10.25
Total Shares
30.54M
EV
17.22B
EV/OCF(TTM)
20.43
P/S(TTM)
1.07
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.
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Events Timeline

(ET)
2026-05-26
07:10:00
TEGNA Appoints Patrick Paolini as CEO
select
2026-05-07 (ET)
2026-05-07
07:10:00
Nexstar Reports Q1 Revenue of $1.4B
select
2026-05-01 (ET)
2026-05-01
11:00:00
Massachusetts AG Files Suit Against Nexstar and Tegna
select
link
2026-04-29 (ET)
2026-04-29
10:10:00
Nexstar Partners with Roku to Launch CW Programming in Fall 2026
select
2026-04-29
10:10:00
CW Network Teams Up with ESPN for Exclusive Streaming Launch in Summer 2026
select
2026-04-19 (ET)
2026-04-19
21:10:00
Eli Lilly in Talks to Acquire Kelonia for Over $2B
select
2026-04-18 (ET)
2026-04-18
07:20:00
Nexstar Appeals Preliminary Injunction on Tegna Acquisition
select

News

seekingalpha
5.0
05-26seekingalpha
TEGNA Appoints New CEO Amid Acquisition Challenges
  • New CEO Appointment: TEGNA has appointed former Fox TV executive Patrick Paolini as its new CEO effective June 1, replacing Mike Steib, who stepped down following Nexstar's acquisition announcement, aiming to enhance operational efficiency during a transitional period.
  • Acquisition Context: Steib's resignation came as Nexstar faces an antitrust challenge from eight state attorneys general and DirectTV, with Paolini's leadership expected to maintain TEGNA's independent operations amidst these legal hurdles.
  • Court Order Requirements: A 'Hold Separate Order' issued by the U.S. District Court in April mandates Nexstar to operate TEGNA as a distinct business unit, ensuring its economic viability and competitive stance, despite the acquisition being finalized.
  • Antitrust Lawsuit Impact: California Attorney General Rob Bonta highlighted that the merger could create the largest local TV operator in the U.S., potentially harming consumers and local news, placing additional pressure on Paolini to drive TEGNA's independent growth.
Newsfilter
8.5
05-26Newsfilter
Tegna Appoints New CEO to Tackle Merger Challenges
  • New CEO Appointment: Tegna appointed veteran Patrick Paolini as CEO on Tuesday to address a court order blocking a $6.2 billion merger with rival Nexstar, demonstrating the company's commitment to navigating merger challenges.
  • Extensive Industry Experience: Paolini brings over three decades of local broadcast leadership experience, having served as executive vice president of advertising sales at Fox Television Stations since 2023, which is expected to provide Tegna with valuable market insights and sales strategies.
  • Significant Merger Value: The merger involves a substantial $6.2 billion transaction, which, if successful, would significantly enhance Tegna's market position in the media industry, increasing its competitiveness and market share.
  • Need for Strategic Adjustment: Given the legal challenges, the leadership change at Tegna is not only a direct response to current issues but may also provide new perspectives and momentum for future business development and strategic direction.
seekingalpha
8.5
05-21seekingalpha
Nexstar Seeks Expedited Review of Tegna Merger Halt
  • Merger Review Request: Nexstar Media Group has requested the U.S. appeals court to expedite the review of the lower court's order halting its $6.2 billion merger with Tegna, claiming the delay has resulted in tens of millions of dollars in unrecoverable losses, impacting future growth.
  • Market Impact: The merger would create the largest broadcast station group in the U.S., reaching 80% of households; however, state attorneys general from California and New York oppose it, arguing it would reduce programming options and increase consumer costs.
  • Talent Loss Risk: Nexstar warns that the merger delay is hindering its ability to recruit talent and could lead to irreversible loss of key employees and on-air talent, thereby affecting business decisions and competitive positioning.
  • Legal Challenge Outlook: If the court does not reverse the order, a trial on the dispute is unlikely to begin before 2027, with Nexstar required to submit court papers by July 8, facing significant legal and market uncertainties.
Newsfilter
8.5
05-21Newsfilter
Nexstar Seeks Expedited Review of Tegna Merger
  • Cost of Delay: Nexstar Media Group has requested an expedited review from a U.S. appeals court after a California judge temporarily blocked its $6.2 billion merger with Tegna on April 17, resulting in tens of millions of dollars in unrecoverable operational efficiencies for the company.
  • Impact of Merger Scale: If successful, the merger would create the largest broadcast station group in the United States, reaching 80% of households, significantly enhancing Nexstar's market share and competitiveness; however, the current legal challenges put this strategic goal at risk.
  • Background of Legal Challenges: The merger faces opposition from a dozen state attorneys general and DirecTV, reflecting concerns about potential monopolistic behavior post-merger, which increases Nexstar's uncertainty in advancing the merger process.
  • Appeal Timeline Request: Nexstar is seeking the appeals court to schedule oral arguments for August to expedite the resolution of the merger issue, thereby restoring the company's operational efficiencies and market plans.
CNBC
6.5
05-12CNBC
David Einhorn Bullish on Overlooked Companies
  • Acadia Healthcare: Einhorn highlighted that Acadia's newer facilities are underutilized, needing occupancy rates raised to 70-80% and improved reimbursement negotiations, with a potential share price of $56, doubling the current value.
  • Centene's AI Potential: He argued that Centene could significantly benefit from AI in automating claims processing, with a projected stock value between $85 and $102, indicating substantial upside from the current $56 if margins normalize.
  • Fluor's Capital Spending Opportunities: Einhorn noted that Fluor is well-positioned to capitalize on a U.S. capital spending boom across various sectors, suggesting shares could reach $115 in a few years, as the market underestimates its exposure to potential super cycles.
  • Versant Media's Cash Flow Advantage: He mentioned that Versant Media remains insulated from streaming competition due to its focus on news and live sports, estimating it could generate free cash flow exceeding 60% of its market cap over the next four years for share buybacks or acquisitions.
Newsfilter
2.0
05-11Newsfilter
Nexstar to Participate in Investor Conferences
  • Conference Schedule: Nexstar Media Group will present at the JPMorgan Technology, Media and Communications Conference on May 18, 2026, in Boston, where CFO Lee Ann Gliha will participate in a fireside chat at 8:25 a.m., outlining the company's strategic direction in the media industry.
  • Second Event: Additionally, Nexstar will engage in a virtual fireside chat at the Gabelli 18th Annual Sports & Media Symposium on June 4, 2026, in New York, featuring COO Michael Biard and CFO Lee Ann Gliha, further elaborating on the company's business developments.
  • Live Webcast: Both events will be available for live streaming and replay through the
Wall Street analysts forecast NXST stock price to rise
4 Analyst Rating
Wall Street analysts forecast NXST stock price to rise
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
204.00
Averages
232.25
High
250.00
Current: 0.000
sliders
Low
204.00
Averages
232.25
High
250.00
Citi
Neutral -> Buy
upgrade
$252 -> $220
AI Analysis
2026-04-10
Reason
Citi
Price Target
$252 -> $220
AI Analysis
2026-04-10
upgrade
Neutral -> Buy
Reason
Citi last night upgraded Nexstar to Buy from Neutral with a price target of $220, down from $252. The firm believes the Street has become too bearish on the Tegna acquisition. It sees $8 per share of potential downside and $73 of potential upside, creating a 9:1 risk-reward for Nexstar. The price target assumes Nexstar sells stations covering 25M homes from divestitures for the Tegna deal, the analyst tells investors in a research note.
Citi
Jason Bazinet
Neutral -> Buy
upgrade
$252 -> $220
2026-04-09
Reason
Citi
Jason Bazinet
Price Target
$252 -> $220
2026-04-09
upgrade
Neutral -> Buy
Reason
Citi analyst Jason Bazinet upgraded Nexstar to Buy from Neutral with a price target of $220, down from $252.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for NXST
Unlock Now

Valuation Metrics

The current forward P/E ratio for Nexstar Media Group Inc (NXST.O) is 5.27, compared to its 5-year average forward P/E of 9.04. For a more detailed relative valuation and DCF analysis to assess Nexstar Media Group Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
9.04
Current PE
5.27
Overvalued PE
11.72
Undervalued PE
6.37

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
7.10
Current EV/EBITDA
7.06
Overvalued EV/EBITDA
8.19
Undervalued EV/EBITDA
6.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.16
Current PS
0.73
Overvalued PS
1.34
Undervalued PS
0.99

Financials

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Whales Holding NXST

C
Cornerstone Investment Partners, LLC
Holding
NXST
+17.27%
3M Return
H
Hennessy Advisors, Inc.
Holding
NXST
+12.76%
3M Return
F
Fuller & Thaler Asset Management, Inc.
Holding
NXST
+4.82%
3M Return
C
Copeland Capital Management, LLC
Holding
NXST
+0.74%
3M Return
C
Channing Capital Management, LLC
Holding
NXST
-2.28%
3M Return
D
Dorsal Capital Management, LP
Holding
NXST
-4.00%
3M Return

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Frequently Asked Questions

What is Nexstar Media Group Inc (NXST) stock price today?

The current price of NXST is 178.43 USD — it has decreased -4.04

What is Nexstar Media Group Inc (NXST)'s business?

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.

What is the price predicton of NXST Stock?

Wall Street analysts forecast NXST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NXST is232.25 USD with a low forecast of 204.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Nexstar Media Group Inc (NXST)'s revenue for the last quarter?

Nexstar Media Group Inc revenue for the last quarter amounts to 1.40B USD, increased 13.13

What is Nexstar Media Group Inc (NXST)'s earnings per share (EPS) for the last quarter?

Nexstar Media Group Inc. EPS for the last quarter amounts to 5.07 USD, increased 50.89

How many employees does Nexstar Media Group Inc (NXST). have?

Nexstar Media Group Inc (NXST) has 11693 emplpoyees as of May 31 2026.

What is Nexstar Media Group Inc (NXST) market cap?

Today NXST has the market capitalization of 5.45B USD.