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Nexstar Media Group, Inc.: Business Overview, Financials & Competitive Analysis

Nexstar Media Group, Inc. scores 7/10 on the AskCyborg Cyborg Score (Strong). Nexstar's maintained analyst Buy rating with a higher price target signals conviction in its business recovery and cash generation, particularly through strategic M&A and operational optimization. As the owner of America's largest local television broadcasting group with unmatched market reach and scale, Nexstar possesses significant competitive advantages. Recent.

What is Nexstar Media Group, Inc.'s industry? Nexstar Media Group, Inc. (nexstar.tv) operates in Broadcast Television & Media. AskCyborg classifies Nexstar Media Group, Inc. under Broadcast Television & Media in its company registry.

Nexstar Media Group is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across television and digital platforms, with America's large...

7/ 10Strong

Cyborg Score thesis

Nexstar's maintained analyst Buy rating with a higher price target signals conviction in its business recovery and cash...

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Industry Broadcast Television & Media
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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What's in This Report
Nexstar Media Group, Inc. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Nexstar Media Group, Inc. Overview

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Nexstar Media Group is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across television and digital platforms, with America's largest local television broadcasting group comprised of more than 200 owned or partner stations in 116 U.S. markets reaching 220 million people. The company's national television properties include The CW broadcast network, NewsNation national news network, and popular entertainment multicast networks.

Strategic Profile

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Nexstar is pursuing a major expansion through its merger with Tegna, which shareholders approved in November 2025, with closing expected between July and December 2026, subject to regulatory approval. Recent analyst action shows Deutsche Bank maintained a Buy rating on February 10, 2026, raising its price target to $250, signaling stronger confidence in Nexstar's revenue and cash flow outlook.

Competitive Landscape

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Nexstar's main competitors in broadcast television include Sinclair (SBGI), Gray Media (GTN), and E.W. Scripps Company (SSP). Nexstar maintains market leadership through its unmatched scale of over 200 stations across 116 markets, but faces competition from digital streaming platforms and cord-cutting trends affecting traditional broadcasting.

Industry Context

Nexstar Media Group, Inc. operates in Broadcast Television & Media.

Key facts

Founded: 1996 · Headquarters: Irving, Texas · Market cap: ~$15.8B

What the analysts stress-tested

The top findings that survived the multi-agent debate for Nexstar Media Group, Inc..

  • Tegna merger approved by shareholders in November 2025, expected to close July-December 2026, which will expand Nexstar's television station portfolio and market reach.
  • Deutsche Bank upgraded Nexstar's price target to $250 in February 2026, signaling analyst confidence in revenue and cash flow performance.
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Recent developments

Material events tracked by the AskCyborg corpus.

  • February 2026Deutsche Bank raises Nexstar price target to $250, maintaining Buy rating
  • February 2026Company declares $1.86 per share quarterly dividend
  • +1 moreTrack every material event for Nexstar Media Group, Inc. as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Sinclair Broadcast GroupMajor broadcast television station owner→Gray TelevisionRegional broadcast television operator→E.W. Scripps CompanyMedia company with broadcast and digital assets→

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Industry context

Nexstar Media Group, Inc. operates in Broadcast Television & Media. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Nexstar Media Group, Inc. do?+
Nexstar Media Group is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across television and digital platforms, with America's large...
What is Nexstar Media Group, Inc.'s Cyborg Score?+
Nexstar Media Group, Inc. has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Nexstar Media Group, Inc.'s main competitors?+
Named competitors include Sinclair Broadcast Group, Gray Television, E.W. Scripps Company. The full competitive landscape is in the AskCyborg report.
How can I get the full Nexstar Media Group, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Nexstar Media Group, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More Broadcast Television & Media research

Companies in the same sector and named competitors, ranked by Cyborg Score.

7Nexstar Media Group, Inc.4Sinclair, Inc.