Form 8-K/A

8-K/A — NEXSTAR MEDIA GROUP, INC.

Accession: 0001193125-26-257735

Filed: 2026-06-04

Period: 2026-03-19

CIK: 0001142417

SIC: 4833 (TELEVISION BROADCASTING STATIONS)

Item: Financial Statements and Exhibits

Documents

8-K/A — nxst-20260319.htm (Primary)

EX-23.1 (nxst-ex23_1.htm)

EX-99.2 (nxst-ex99_2.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K/A

8-K/A (Primary)

Filename: nxst-20260319.htm · Sequence: 1

8-K/A

0001142417true00011424172026-03-192026-03-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

(Amendment No.1)

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 20, 2026 (March 19, 2026)

NEXSTAR MEDIA GROUP, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

000-50478

23-3083125

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

545 E. John Carpenter Freeway

Suite 700

Irving, Texas

75062

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 972 373-8800

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock

NXST

NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Explanatory Note

On March 20, 2026, Nexstar Media Group, Inc. (“Nexstar”) filed a Current Report on Form 8-K (the “Initial 8-K”) with the Securities and Exchange Commission (“SEC”) reporting that, on March 19, 2026, Nexstar completed its acquisition of TEGNA Inc., a Delaware corporation (“TEGNA”). The acquisition was consummated pursuant to the previously announced Agreement and Plan of Merger, dated as of August 18, 2025, by and among Nexstar, TEGNA and Teton Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Nexstar.

As noted in the Initial 8-K, Nexstar stated that it would file the financial statements of the acquired business and the pro forma financial information required under Item 9.01(a) and Item 9.01(b) within 71 days of the date the Initial 8-K was due under Item 2.01. This amendment to the Initial 8‑K is being filed in accordance with Item 9.01 to provide those required financial statements and pro forma financial information.

Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Business Acquired

The audited consolidated financial statements of TEGNA as of December 31, 2025 and 2024 and for the three years ended December 31, 2025, 2024, and 2023, together with the related notes, is incorporated by reference as Exhibit 99.1 to this report.

(b) Pro Forma Financial Information

The unaudited pro forma condensed combined financial information for Nexstar, giving effect to the acquisition of TEGNA and the related adjustments described in such pro forma financial information, is attached hereto as Exhibit 99.2 and incorporated herein by reference.

(d) Exhibits

Exhibit No.

Description

23.1

Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm of TEGNA Inc.

99.1

Audited financial statements of TEGNA Inc. as of December 31, 2025 and December 31, 2024 and for each of the three years in the period ended December 31, 2025, the Report of Management on Internal Control over Financial Reporting as of December 31, 2025 (incorporated by reference from TEGNA Inc.’s Annual Report on Form 10-K (File No. 001-06961) for the year ended December 31, 2025 filed with the SEC on March 2, 2026).

99.2

Unaudited pro forma condensed combined statements of operations for the three months ended March 31, 2026 and year ended December 31, 2025.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NEXSTAR MEDIA GROUP, INC.

Date:

June 4, 2026

By:

/s/ Lee Ann Gliha

Name:

Lee Ann Gliha

Title:

Chief Financial Officer (Principal Financial Officer)

EX-23.1

Filename: nxst-ex23_1.htm · Sequence: 2

EX-23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-206788 and 333-232632) of Nexstar Media Group, Inc. of our report dated March 2, 2026 relating to the financial statements and the effectiveness of internal control over financial reporting of TEGNA Inc., which is incorporated by reference in this Current Report on Form 8-K/A.

/s/ PricewaterhouseCoopers LLP

Washington, District of Columbia

June 4, 2026

EX-99.2

Filename: nxst-ex99_2.htm · Sequence: 3

EX-99.2

Exhibit 99.2

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

Description of the Merger and Financing

On March 19, 2026 (the “Closing Date”), Nexstar Media Group, Inc. (“Nexstar”) completed its acquisition of TEGNA Inc., a Delaware corporation (“TEGNA”) pursuant to the previously announced Agreement and Plan of Merger, dated August 18, 2025 (the “Merger Agreement”), by and among Nexstar, TEGNA and Teton Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Nexstar (“Merger Sub”). Pursuant to the Merger Agreement, Merger Sub merged with and into TEGNA, with TEGNA continuing as the surviving corporation and a wholly owned subsidiary of Nexstar (the “Merger”). As a result of the Merger, Nexstar’s portfolio of assets expanded to include 64 full power stations and two radio stations in 51 markets; Premion, a connected TV and over-the-top advertising platform; two digital multicast networks, True Crime and Quest, Locked On Podcast Network, among other assets.

In connection with the regulatory approval of the Merger, Nexstar made certain commitments to the FCC, including a commitment to divest six television stations within two years from the date of closing, provided that a waiver of the FCC’s local television ownership rule remains necessary to own such stations at that time. No agreement has been executed with any prospective buyer at this time.

On April 17, 2026, the United States District Court for the Eastern District of California in the antitrust litigation In re: Nexstar–TEGNA Merger Litigation issued a preliminary injunction prohibiting further integration of the companies, subject to certain exceptions, pending adjudication on the merits. On May 20, 2026, Nexstar filed an appeal of the preliminary injunction in the United States Court of Appeals for the Ninth Circuit. The appeal seeks narrowing of the injunction and dismissal of the States’ complaints. Nexstar requested an expedited hearing, but a date has not yet been set.

Pursuant to the terms of the Merger Agreement, at the Closing Date, each issued and outstanding equity share of TEGNA immediately prior to the closing of the Merger was converted into the right to receive $22 in cash (the “Merger Consideration”). All vested and unvested time-based and performance-based equity-based awards of TEGNA granted prior to August 18, 2025 and outstanding immediately prior to the effective time of the Merger were vested in full and converted into the right to receive the Merger Consideration at the Closing Date. Each TEGNA time-based restricted stock unit granted on or after August 18, 2025 was converted into a time-based restricted stock unit based on a ratio of the value of the Merger Consideration and the volume-weighted average price of a common share of Nexstar for the five consecutive trading days ending on (and including) the last trading day prior to the Closing Date.

In connection with the consummation of the Merger, in March 2026, Nexstar completed a series of financing transactions to fund the purchase price and refinance certain outstanding indebtedness described below. The consummation of the Merger, together with the associated transaction costs and expenses, and the debt financing described above, are collectively referred to as the “Transactions.”

•

On March 19, 2026, Nexstar acquired the outstanding stock of TEGNA utilizing cash on hand and the net proceeds from incurring (i) $148 million under Nexstar’s existing revolving credit facility; (ii) $150 million in Term Loan A due on March 18, 2027; (iii) $2,750 million in Term Loan B, which was subsequently amended and refinanced in March 2026; and (iv) $200 million of bridge loans.

•

On March 24, 2026, Nexstar repaid $1,000 million of TEGNA’s 4.625% Senior Unsecured Notes at par pursuant to the call right provided in the related indenture with the net proceeds of $1,011 million in incremental bridge loans.

•

On March 25, 2026, Nexstar Media Group closed on a new financing incurring (i) $1,750 million in Term Loan B due on March 19, 2033 and (ii) $3,390 million in Senior Secured Notes due September 15, 2033. The net proceeds were used to repay (i) $1,211 of bridge loans in full, (ii) $1,000 million in Term Loan B due on March 19, 2033, and (iii) $1,037 million of TEGNA’s 5.00% Notes due 2029 pursuant to a tender offer at 101.125%.

•

Subsequent to the Transactions, certain of TEGNA’s debt remains outstanding on Nexstar’s balance sheet, including, (i) $200 million Senior Notes due on June 1, 2027; (ii) $240 million Senior Notes due on September 15, 2027; and (iii) $63 million 5.00% Senior Unsecured Notes due September 15, 2029.

Basis of Presentation

The following unaudited pro forma condensed combined statements of operations for the three months ended March 31, 2026, and for the year ended December 31, 2025, are presented to give effect to the Transactions as if they had occurred on January 1, 2025. Subsequent to the Merger, the Company filed its quarterly report on Form 10-Q as of and for the three months ended

March 31, 2026. As the most recent historical balance sheet includes the acquired entity, a pro forma balance sheet has not been presented in the pro forma financial information herein.

The unaudited pro forma condensed combined financial information is derived from and should be read in conjunction with:

•

Nexstar’s unaudited historical consolidated financial statements included in its Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission (“SEC”) on May 8, 2026;

•

Nexstar’s audited historical consolidated financial statements included in its Annual Report on Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on February 27, 2026, and

•

TEGNA’s audited historical consolidated financial statements included in its Annual Report on Form 10-K as filed with the SEC on March 2, 2026.

The unaudited pro forma condensed combined financial information was prepared in accordance with Article 11 of Regulation S-X, as amended by Release No. 33-10786. The pro forma adjustments reflect the accounting for the Transactions in accordance with U.S. GAAP, including:

•

application of the acquisition method of accounting under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 805, Business Combinations (“ASC 805”), where the estimated purchase price is allocated to the assets and liabilities at their respective estimated fair values;

•

adjustments to reflect the debt financing transactions;

•

adjustments to reflect transaction costs and expenses in connection with the Merger; and

•

adjustments to reflect the related tax effects of the pro forma adjustments.

The purchase price and pro forma adjustments are preliminary and reflect estimates and assumptions based on currently available information that are deemed appropriate by Nexstar’s management. The preliminary pro forma adjustments have been made solely for the purpose of providing the unaudited pro forma condensed combined financial information. The assumptions underlying the purchase price and pro forma adjustments are described in greater detail in the accompanying notes to the unaudited pro forma condensed combined financial information.

The unaudited pro forma condensed combined financial information is provided for informational purposes only and does not purport to represent what the actual combined results of operations of the combined company would have been had the Transactions occurred on the date assumed, nor are they necessarily indicative of future combined results of operations or combined financial position. The unaudited pro forma condensed combined financial information does not reflect any cost savings or other synergies that management of Nexstar believes could have been achieved had the Transactions been completed on the date assumed.

NEXSTAR MEDIA GROUP, INC.

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2026

(in millions, except for share and per share information)

For the

Three Months Ended

March 31, 2026

Nexstar

Historical

Period from

January 1, 2026

to March 18, 2026

TEGNA

Historical

Reclass

Adjustments

(Note 1)

Transaction

Accounting

Adjustments—

Debt Financing

(Note 3)

Transaction

Accounting

Adjustments—

Merger

(Note 3)

Pro Forma

Combined

Net revenue

1,396

612

)

3(a)

2,007

Operating expenses:

Direct operating, excluding depreciation and amortization

611

383

(36

)

1(a)

)

3(a)

957

Selling, general, and administrative, excluding depreciation and amortization

327

177

1(a)

3(b)

533

Amortization of broadcast rights

1(a)

Depreciation and amortization of intangible assets

121

3(c)

161

Total operating expenses

1,131

581

1,731

Income from operations

265

(20

)

276

Income from equity method investments, net (excluding impairment)

Interest expense, net

(120

)

(32

)

(82

)

3(d)

(206

)

Pension and other postretirement plans credit, net

)

1(b)

Other expenses, net

)

1(b)

)

Income (loss) before income taxes

153

)

(82

)

Income tax (expense) benefit

)

3(e)

)

3(e)

Net income (loss)

160

(10

)

(62

)

Net (income) loss attributable to noncontrolling interests

Net income (loss) attributable to Nexstar

164

(10

)

(62

)

Net income (loss) per common share attributable to Nexstar:

Basic

5.22

3(f)

3.03

Diluted

5.09

3(f)

2.95

Weighted average number of common shares outstanding:

Basic (in thousands)

30,371

3(f)

30,371

Diluted (in thousands)

31,166

3(f)

31,166

See the accompanying notes to the unaudited pro forma condensed combined financial information.

NEXSTAR MEDIA GROUP, INC.

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2025

(in millions, except for share and per share information)

Nexstar

Historical

TEGNA

Historical

Reclass

Adjustments

(Note 1)

Transaction

Accounting

Adjustments—

Debt Financing

(Note 3)

Transaction

Accounting

Adjustments—

Merger

(Note 3)

Pro Forma

Combined

Net revenue

4,949

2,712

)

3(a)

7,658

Operating expenses:

Direct operating, excluding depreciation and amortization

2,235

1,730

(164

)

1(a)

)

3(a)

3,798

Selling, general, and administrative, excluding depreciation and amortization

1,063

442

125

1(a)

3(b)

1,676

Amortization of broadcast rights

314

1(a)

353

Depreciation and amortization of intangible assets

471

3(c)

655

Goodwill and long-lived asset impairments

Other

Total operating expenses

4,100

2,269

130

6,499

Income from operations

849

443

(133

)

1,159

Income from equity method investments, net (excluding impairment)

Impairment of equity investments

(381

)

(15

)

1(b)

(396

)

Interest expense, net

(379

)

(132

)

(364

)

3(d)

123

3(d)

(752

)

Pension and other postretirement plans credit, net

)

1(b)

Other expenses, net

(22

)

1(b)

Income (loss) before income taxes

150

289

(364

)

(10

)

Income tax (expense) benefit

(67

)

(69

)

3(e)

)

3(e)

(51

)

Net income (loss)

220

(274

)

(15

)

Net (income) loss attributable to noncontrolling interests

Net income (loss) attributable to Nexstar

109

220

(274

)

(15

)

Net income (loss) per common share attributable to Nexstar:

Basic

3.04

3(f)

0.76

Diluted

3.00

3(f)

0.75

Weighted average number of common shares outstanding:

Basic (in thousands)

30,349

3(f)

30,349

Diluted (in thousands)

30,707

3(f)

30,707

See the accompanying notes to the unaudited pro forma condensed combined financial information.

NEXSTAR MEDIA GROUP, INC.

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

Note 1. Presentation and Reclassification Adjustments

During the preparation of this unaudited pro forma condensed combined financial information, certain presentation and reclassification adjustments have been made to the historical presentation of TEGNA’s financial statements to conform to the presentation of Nexstar. The following reclassification adjustments were made to conform the presentation of TEGNA’s historical consolidated statements of operations for the year ended December 31, 2025 and period from January 1, 2026 to March 18, 2026, to Nexstar’s presentation:

1(a) Represents a reclassification from direct operating expenses, excluding depreciation and amortization, to selling, general and administrative expenses, excluding depreciation and amortization, and amortization of broadcast rights.

1(b) Represents a reclassification from Other expenses, net to Pension and other postretirement plans credit, net, and impairment of equity investments.

Nexstar is in the process of performing a detailed review of TEGNA’s accounting policies. As a result of that review, Nexstar may identify differences between the accounting policies of Nexstar and TEGNA that, when conformed, could have a material impact on the consolidated financial statements of the combined company. As of the date of this Current Report on Form 8-K/A, Nexstar is not aware of any significant accounting policy differences in addition to items identified above for the periods presented, but there can be no assurance that other differences will not be identified in connection with the Transactions or that such differences will be immaterial in future periods.

Note 2. Preliminary Purchase Price and Allocation

Preliminary Purchase Price

The acquisition purchase price was $3.7 billion and reflects the Merger Consideration paid to acquire TEGNA’s outstanding equity and unvested equity-based awards granted before August 18, 2025.

Allocation of Preliminary Purchase Price

ASC 805 requires that the assets acquired and liabilities assumed in a business combination be recognized at their fair values as of the acquisition date. The excess of the purchase price over the fair value of identifiable assets and liabilities is recorded as goodwill. For purposes of the unaudited pro forma condensed combined balance sheet, the preliminary purchase price has been allocated to TEGNA’s assets and liabilities based upon Nexstar’s preliminary estimate of their fair values. The estimated allocation of the purchase price is preliminary and is subject to management’s completion of full valuation procedures to determine a final allocation, which is expected to occur within one year from the Closing Date. Accordingly, the final acquisition accounting adjustments may be materially different from the unaudited pro forma adjustments presented.

The allocation of the purchase price to the preliminary fair values of the assets acquired and liabilities assumed are as follows (in millions):

Preliminary Purchase Price

3,657

Assets acquired:

Cash and cash equivalents

316

Accounts receivable

624

Prepaid expenses and other current assets

128

Property and equipment

718

FCC licenses

2,160

Network affiliation agreements

1,395

Other intangible assets

Investments

Other noncurrent assets

Total assets acquired

5,542

Liabilities assumed:

Accounts payable

Accrued expenses and other current liabilities

384

Broadcast rights payable

Debt

2,559

Deferred tax liabilities

838

Other noncurrent liabilities

130

Total liabilities assumed

4,021

Net assets acquired

1,521

Goodwill

2,136

The preliminary fair value of the net assets acquired, as summarized in the table above, was estimated based on the analysis of a third-party specialist as follows:

•

The preliminary fair value of property and equipment was estimated using cost-based approaches that considered replacement cost, remaining useful life, and economic obsolescence, as appropriate;

•

The preliminary fair values of identifiable intangible assets, including FCC licenses, network affiliation agreements and other intangible assets were estimated using various income-based valuation methods that are based on, but not limited to, estimated future revenue and cash flows, estimated long-term growth rates, and estimated discount rates;

•

The assumed debt was recognized either at estimated prices they were subsequently paid for or at estimated fair market value prices;

•

Deferred tax liabilities have been recognized for the estimated tax effects of the fair value adjustments made to the identifiable assets acquired and liabilities assumed which reflect management’s estimates of applicable tax basis and rates in the relevant jurisdictions;

•

The carrying amounts of other assets acquired and liabilities assumed were generally determined to approximate their fair values based on the short-term nature or based on management’s assessment that no material adjustments were necessary.

Property and equipment, excluding land of $163 million and construction in progress of $16 million, are depreciated over a weighted-average estimated useful life of 8.7 years.

FCC licenses are classified as indefinite-lived intangible assets and are not amortized. The intangible assets attributable to network affiliation agreements are amortized over an estimated useful life of 15 years. Other definite-lived intangible assets (primarily customer relationships, developed technology and brand value) are amortized over a weighted-average estimated useful life of 6.6 years. A hypothetical 10% change in the valuation of network affiliation agreements and other definite-lived intangible assets would result in an approximate change in annual amortization expense of $11 million.

Goodwill is attributable to future synergies and cost reductions resulting from increased purchasing leverage of key expenses, the ability to leverage shared costs across a larger organization, and operational knowledge from experienced management.

Note 3. Transaction Accounting Adjustments

Adjustments to Unaudited Pro Forma Condensed Combined Statement of Operations

The adjustments in the unaudited pro forma condensed combined statement of operations, which assume that the Transactions occurred as of January 1, 2025, are as follows:

3(a) Reflects the elimination between net revenue and direct operating expenses resulting from transactions between Nexstar and TEGNA which would be eliminated upon consolidation.

3(b) Represents the following adjustments to selling, general and administrative expenses (in millions):

For the

Year Ended

Three Months Ended

December 31, 2025

March 31, 2026

Estimated transaction-related costs and expenses to be incurred

Stock-based compensation from assumed TEGNA equity awards for post-combination services

During the year ended December 31, 2025, transaction related costs and expenses of $22 million for Nexstar and $23 million for TEGNA were included in their respective historical statements of operations. During the three months ended March 31, 2026, transaction costs and expenses of $37 million for Nexstar and $90 million for TEGNA were included in their respective historical statements of operations. All transaction-related costs, fees and expenses will not affect Nexstar’s statement of operations beyond 12 months after the acquisition date.

3(c) Reflects the adjustments to depreciation of property and equipment and amortization of intangible assets (in millions):

For the

Year Ended

Three Months Ended

December 31, 2025

March 31, 2026

New tangible asset depreciation

New intangible asset amortization(1)

105

Eliminate historical depreciation

(62

)

(13

)

Eliminate historical amortization

(35

)

(1)

Includes $93 million and $20 million attributable to network affiliation agreements, and $12 million and $3 million attributable to other definite-lived intangible assets during the year ended December 31, 2025 and three months ended March 31, 2026, respectively.

3(d) Reflects adjustments made to Interest expense, net (in millions):

For the

Year Ended

Three Months Ended

December 31, 2025

March 31, 2026

Transaction Accounting Adjustments—Financing:

Interest expense on Nexstar’s new financing

(350

)

(79

)

Amortization of debt issuance costs on Nexstar’s new financing

(14

)

(364

)

(82

)

Transaction Accounting Adjustments—Merger:

Removal of TEGNA’s historical interest expense

123

During the three months ended March 31, 2026, Nexstar incurred $22 million in nonrecurring financing fees related to bridge loans which were recognized as interest expense in the quarter.

The interest expense on Nexstar’s new debt incurred in connection with the Merger was recognized using a blended interest rate of 6.8%. The components of interest rates on new term loans and new revolving loans include (i) an applicable margin that varies pursuant to a leverage ratio grid and (ii) a monthly SOFR. Thus, the actual interest expense incurred on new debt may differ materially from the amounts set forth above. If interest rates on new term loans and new revolving loans were to increase or decrease by 1/8 of 1.0%, the interest expense would increase or decrease by approximately $2 million.

3(e) Represents the tax impact at an estimated blended statutory tax rate of 24.6%. Based on a preliminary analysis performed, the $32 million transaction-related costs were deemed nondeductible for pro forma income tax adjustment purposes.

3(f) The unaudited pro forma combined basic and diluted earnings per share calculations are based on the weighted average basic and diluted shares of Nexstar. The following table summarizes the computation of the unaudited pro forma basic and diluted net income per share ($ in millions, except per share amounts, and shares in thousands):

For the

Year Ended

Three Months Ended

December 31, 2025

March 31, 2026

Pro forma combined net income attributable to Nexstar Media Group, Inc.

Accretion of redeemable noncontrolling interests(1)

(17

)

Pro forma combined net income attributable to common stock

Weighted average shares outstanding – basic

30,349

30,371

Weighted average shares outstanding – diluted

30,707

31,166

Pro forma net income per share attributable to common stock – basic

0.76

3.03

Pro forma net income per share attributable to common stock – diluted

0.75

2.95

(1)

As reflected in Note 15 of Nexstar’s consolidated financial statements for the year ended December 31, 2025 and Note 13 of Nexstar’s condensed consolidated financial statements for the three months ended March 31, 2026, respectively.

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Mar. 19, 2026

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Amendment Description

Explanatory NoteOn March 20, 2026, Nexstar Media Group, Inc. (“Nexstar”) filed a Current Report on Form 8-K (the “Initial 8-K”) with the Securities and Exchange Commission (“SEC”) reporting that, on March 19, 2026, Nexstar completed its acquisition of TEGNA Inc., a Delaware corporation (“TEGNA”). The acquisition was consummated pursuant to the previously announced Agreement and Plan of Merger, dated as of August 18, 2025, by and among Nexstar, TEGNA and Teton Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Nexstar.

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Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

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dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

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Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

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- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

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Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

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xbrli:normalizedStringItemType

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

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Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

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- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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Name:

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