Nexstar Media Group reported record second quarter 2026 net revenue of $1.99 billion, a 62.2% increase year-over-year, driven by its acquisition of TEGNA Inc. and strong political advertising demand in an election year. Net income rose 24.2% to $113 million, while Adjusted EBITDA increased 62.7% to $633 million. The company returned $57 million to shareholders via dividends and repaid $409 million of debt during the quarter. Nexstar also provided a litigation update regarding the TEGNA acquisition, noting that the D.C. Circuit rejected challenges to FCC approval, though a preliminary injunction remains in place pending trial scheduled for July 2027. The company operates as a broadcast television and digital media conglomerate.

Nexstar Media Group, Inc. announced that its Board of Directors declared a quarterly cash dividend of $1.86 per share on its outstanding common stock. The dividend is payable on August 28, 2026 to shareholders of record as of August 14, 2026. Nexstar Media Group operates in the media industry, producing and distributing local and national news, sports, and entertainment content across television and digital platforms.