Business Summary: 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 segments include Broadcast and The CW Network, LLC (The CW). The Broadcast segment includes television stations and related local websites that Company 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 digital multicast networks and other multicast network services, and WGN-AM, a Chicago radio station. The CW segment is a broadcast network in the United States. The other activities of the Company include digital businesses focused on the national marketplace and the management of certain real estate assets.
Financial Summary: BRIEF: For the three months ended 31 March 2025, Nexstar Media Group Inc revenues decreased 4% to $1.23B. Net income decreased 38% to $108M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Other Non Rec I/E - Non Business Activ decrease from $40M (income) to $0K, Income (loss) on equity investments, net decrease of 58% to $8M (income).