Nexstar Media Group, Inc. Overview
Pro stress-test →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
Pro stress-test →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
Pro stress-test →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