Nexstar Media Group Stock | Price, Analyst Rating & Outlook for 2026

Nexstar Media Group

NasdaqGS:NXST

$ 183,58

$-5,32 (-2,82%)

183,58 $

$-5,32 (-2,82%)

End-of-day quote: 04/08/2026

Nexstar Media Group Stock Value

The analyst rating for NasdaqGS:NXST is currently Outperform.

Outperform

Nexstar Media Group Company Info

EPS Growth 5Y

19,69%

Market Cap

$5,73 B

Long-Term Debt

$6,40 B

Short Interest

6,06%

Annual earnings

N/A

Dividend

$7,23

Dividend Yield

3,94%

Founded

1996

Industry

Communication Services

Country

United States

ISIN Number

US65336K1034

Website

http://www.nexstar.tv

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$280,00

52.52%

Last Update: 04/08/2026

Analysts: 8

Highest Price Target $290,00

Average Price Target $280,00

Lowest Price Target $190,00

In the last five quarters, Nexstar Media Group’s Price Target has risen from $148,08 to $198,58 - a 34,10% increase. Six analysts predict that Nexstar Media Group’s share price will increase in the coming year, reaching $280,00. This would represent an increase of 52,52%.

Top growth stocks in the communication services sector (5Y.)

What does Nexstar Media Group do?

Nexstar Media Group, Inc. (Nexstar) operates as a diversified media company. The company produces and distributes engaging local and national news, sports and entertainment content across the company's television and digital platforms, including more than 316,000 hours of programming produced annually by the company's business units. Nexstar owns America's largest local television broadcasting group consisted of top network affiliates, with over 200 owned or partner stations in 116 U.S. markets...

Nexstar Media Group, Inc. (Nexstar) operates as a diversified media company.

The company produces and distributes engaging local and national news, sports and entertainment content across the company's television and digital platforms, including more than 316,000 hours of programming produced annually by the company's business units. Nexstar owns America's largest local television broadcasting group consisted of top network affiliates, with over 200 owned or partner stations in 116 U.S. markets in 40 states and the District of Columbia reaching over 220 million people. Nexstar's national television properties include a 77.1% interest in The CW Network, LLC ('The CW'), the fifth major broadcast network in the U.S., NewsNation, a national news network providing ‘News for All Americans’, two popular entertainment multicast networks, Antenna TV and REWIND TV, and a 31.3% ownership stake in Television Food Network, G.P. (‘TV Food Network’). The company's portfolio of digital assets, including its local TV station websites, The Hill and NewsNationNow.com, is collectively a Top 10 U.S. digital news and information property, attracting almost 103 million unique users on average during 2024.

Growth Strategies

The company's strategies are to leverage its scale; continue to grow distribution and advertising revenues; improve and expand national broadcast and cable networks; develop new revenue streams; and acquire and invest in new and complementary businesses.

Stations

As of February 27, 2025, the company owned, operated, programmed, or provided sales and other services to 201 full power television stations in 116 markets in 40 states, as well as the District of Columbia, reaching approximately 39% of all U.S. television households, reflecting the company's owned stations only and after applying the FCC UHF discount and approximately 70% of all U.S. television households reflecting the company and its partners’ stations and excluding the FCC UHF discount. The stations are affiliates of CBS, FOX, NBC, ABC, The CW, MNTV, and other broadcast television networks, providing television programming to consumers in the company's markets, including network programming, content that the stations produce, including local news, and syndicated programs that the stations acquire. In 2025, the company acquired WBNX-TV, an independent full power station in Cleveland, OH. These stations are included its station count. The company also owns and operates one AM radio station in Chicago, IL.

Of the 201 full power television stations, 37 are 100% independently owned by VIEs. In compliance with FCC regulations for all parties, all VIEs maintain complete responsibility for and control over programming, finances, personnel, and operations of their stations. Nexstar’s local service agreements with the consolidated VIEs’ stations, guarantee (excluding The CW) of the obligations incurred under the senior secured credit facility of Mission Broadcasting, Inc. (Mission), a consolidated VIE, power over significant activities affecting the consolidated VIEs’ economic performance, including budgeting for advertising revenue, certain advertising sales, and in some cases, hiring and firing of sales force personnel, and renewable, exercisable, and assignable purchase options granted by each consolidated VIE, which permit Nexstar to acquire the assets and assume the liabilities of all of the consolidated VIEs’ stations at any time, subject to FCC consent.

Network Affiliations

All, except three, of the full power television stations that the company owns and operates, program or provide sales and other services to are affiliated with a network pursuant to an affiliation agreement. The agreements with CBS, FOX, NBC, ABC, and The CW are the most significant to the company's operations.

Networks

The company owns, operates or has an ownership interest in the following:

The CW: The CW is America’s fifth major broadcast network and is available to 100% of the U.S. television households. The CW delivers 15 hours of primetime entertainment programming and three hours of children’s programming per week in addition to almost 400 hours of sports per year as the broadcast home to ACC football and basketball games, WWE NXT and NASCAR Xfinity Series. For its smaller market affiliates, CWPlus supplements The CW programming with additional syndicated content to provide 24 hours of programming, seven days per week. The fully ad-supported CW App, with more than 100 million downloads to date, is available for free to consumers on all major platforms and is home to the latest episodes and seasons of The CW’s primetime programming and a library of entertaining film and television content for on-demand viewing.

NewsNation: NewsNation is a national news network reaching approximately 64 million television households across the United States providing ‘News for All Americans.’ Validated by independent watchdog groups, the network delivers engaging and unbiased news, reflecting the full range of perspectives across the country. NewsNation draws upon on the expertise of approximately 6,000 journalists from 109 newsrooms across the country and its own dedicated national staff. NewsNation is fully distributed on every pay television platform in the United States, online at www.newsnationnow.com, and on the NewsNationNow mobile app.

Antenna TV and REWIND TV: Antenna TV and REWIND TV are multicast networks reaching 100% and over 50% of the U.S. television households, respectively. The networks primarily air sitcom hits from the 1950s through the 1990s.

TV Food Network. The company holds a 31.3% interest in TV Food Network. TV Food Network operates two 24-hour television networks, Food Network and Cooking Channel, offering quality television, video, internet and mobile entertainment and information focusing on food and entertaining. The company's partner in TV Food Network is Warner Bros. Discovery, Inc., which owns a 68.7% interest in TV Food Network and operates the networks on behalf of the partnership.

Digital Assets

The company’s digital businesses include video and display advertising platforms that are delivered locally or nationally through the company’s own and various third-party websites, mobile and OTT applications, other digital media solutions to media publishers and advertisers and a consumer product reviews platform. The company’s digital assets include 138 websites and 229 mobile applications across its local stations, NewsNation and The Hill. The portfolio also includes eight connected television applications and three free ad-supported television (‘FAST’) channels from The CW and The Hill.

The Hill: The Hill is the nation’s leading digital-first political news brand and the definitive source for non-partisan political news and information. Inside the Beltway is known as an essential, agenda-setting read for lawmakers and influencers. Beyond the Capitol, millions of Americans turn to The Hill to decode how events in Washington will impact their communities and lives.

BestReviews: BestReviews is a leading consumer product recommendations company which simplifies the way consumers buy products and services across thousands of categories by independently researching, analyzing, and testing products and recommending the best picks. BestReviews monetizes its content through a revenue share model with its retail partners against all sales generated by BestReviews.

Operating Model

The company's primary sources of revenue include contractual distribution revenue from retransmission consent and carriage agreements with MVPDs, such as cable and satellite providers, and vMVPDs, companies that provide video content through internet streaming either directly or via the company's network affiliation partners as well as affiliation fees from local affiliates of The CW; the sale of commercial air time on its owned and operated television stations to local advertisers; the sale of commercial airtime by the stations and by its broadcast and cable networks to national advertisers; the sale of advertising on the stations’ websites, on the company's other owned or third-party websites, and through mobile and over-the-top (OTT) applications, and other digital advertising solutions.

Advertising

The company's advertising revenue is primarily derived from the sale of local and national advertising on the company's stations, networks, websites, apps and other digital platforms or via third party media.

The company generates substantial advertising revenue from the political advertising the company sells to candidates, political action committees and political parties. Advertising revenue is also positively affected by certain events such as the Olympic Games or the Super Bowl. Advertising revenue is generally highest in the second and fourth quarters of each year (year ended December 2024), due in part to increases in consumer advertising in the spring and retail advertising in the period leading up to, and including, the holiday season.

Local advertising is sold by each station's local sales staff who call upon advertising agencies and local businesses. Compared to revenue from national advertising accounts, revenue from local advertising is generally more stable and predictable. In 2023, national and political advertising was sold through third party national sales representative firms which call upon advertising agencies. Beginning in January 2024, the company's national advertising is sold through the company's national sales division. The company continues to sell its political advertising inventory through third party national sales representative firms. Digital advertising that is not sold through the company's local and national sales teams is typically sold via programmatic exchanges.

Competition

Audience: NewsNation, the company's national news network, competes with other established national news networks, such as FOX News, CNN, MSNBC and Newsmax for viewers.

Advertising: The company’s stations compete for advertising revenue with other television stations in their respective markets and other advertising media such as streaming video services (e.g. Netflix, Amazon Prime Video, Roku, YouTube, etc.), online media (e.g., Google, Meta, Tiktok, Snapchat, etc.), vMVPDs, MVPDs, radio stations, newspapers, outdoor advertising, and direct mail, among others. NewsNation also competes for advertising revenue with other advertising media and with other national news networks such as FOX News, CNN, MSNBC and Newsmax.

Federal Regulation

Certain provisions of the Communications Act of 1934, as amended and the FCC’s (Federal Communications Commission's) regulations and policies affect the company’s operations.

In November 2017, the FCC adopted rules to permit television broadcasters to voluntarily broadcast using a new broadcast television transmission standard developed by the Advanced Television Systems Committee, Inc., also referred to as ‘ATSC 3.0’ or ‘NEXTGEN TV.’. The company and its partners have adopted the ATSC 3.0 technology in their stations covering over 50% of the U.S. television households.

History

The company was founded in 1996. It was incorporated in 2001. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017.

Nexstar Media Group Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - **Advertising:** approx. 50% - **Sales revenue:** approx. 40% - **Other revenue:** approx. 10% **TOP 3 markets and their percentage shares:** - **Local television stations:** approx. 55% - **National networks:** approx. 30% - **Digital platforms:** approx. 15...

At which locations are the company’s products manufactured?

**Production Sites:** Mainly in the USA Nexstar Media Group, Inc. is a leading American media company that focuses on operating television stations and digital media platforms. The company primarily produces its content in the USA, as it has an extensive network of local television stations across...

What strategy does Nexstar Media Group pursue for future growth?

**Revenue Growth Expectation:** 5-7% annually (2025 forecast) **Investments in Digital Media:** Increase by 20% (2024) Nexstar Media Group, Inc. is pursuing a growth strategy that heavily focuses on diversifying and expanding its digital media platforms. The company plans to enhance its presence...

Which raw materials are imported and from which countries?

**Raw Materials/Materials:** No specific raw materials Nexstar Media Group, Inc. is a media company mainly operating in the broadcasting and digital media sector. Therefore, it does not import specific raw materials or materials like a manufacturing company. Instead, Nexstar focuses on acquiring co...

How strong is the company’s competitive advantage?

**Market share:** 31% (2024, estimated) **EBITDA margin:** 34% (2024) **Net debt/EBITDA:** 3.2x (2024) Nexstar Media Group, Inc. has a significant competitive advantage, reflected in an estimated market share of 31% in 2024. This makes the company the largest local television broadcaster in the USA...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approx. 75% (estimate based on 2023 data) **Insider Buys/Sells:** No significant transactions reported in the last year (2024) The institutional investor share in Nexstar Media Group, Inc. is traditionally high, indicating the confidence of large investment firms...

What percentage market share does Nexstar Media Group have?

**Market share of Nexstar Media Group, Inc.:** 18% (2025, estimated) **Top competitors and their market shares:** 1. **Comcast Corporation:** 25% 2. **The Walt Disney Company:** 22% 3. **Warner Bros. Discovery, Inc.:** 20% 4. **Nexstar Media Group, Inc.:** 18% 5. **Paramount Global:** 15% 6. **Fox...

Is Nexstar Media Group stock currently a good investment?

**Revenue Growth:** 7.5% (2024) **EBITDA Growth:** 6.2% (2024) **Free Cash Flow:** $1.2 billion USD (2024) Nexstar Media Group, Inc. recorded a revenue growth of 7.5% in 2024, attributed to successful integration of new acquisitions and strong performance in the digital media sector. The EBITDA gro...

Does Nexstar Media Group pay a dividend – and how reliable is the payout?

**Dividend Yield:** 3.5% (2025, estimated) **Dividend Growth:** 5% annually (last 5 years, estimated) Nexstar Media Group, Inc. regularly pays a dividend to its shareholders. The current dividend yield is approximately 3.5%, which is considered attractive compared to other companies in the medi...

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Nexstar Media Group Stock Value

Nexstar Media Group Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the communication services sector (5Y.)

What does Nexstar Media Group do?

Nexstar Media Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Nexstar Media Group Stock Value

Nexstar Media Group Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the communication services sector (5Y.)

What does Nexstar Media Group do?

Nexstar Media Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.