Nexstar Media Group, also known as Nexstar, is a Publicly Owned company headquartered in the US. Founded in 1996, and employing approximately 3,480 individuals, the company reported $4.9B in revenue as of 2025. Functioning as a tier 1 media tech buyer, Nexstar Media Group's main product is broadcast television and radio. The company produces and distributes local and national news, sports, and entertainment content, including 283,000 hours of original video content each year.
On March 21, the Federal Communications Commission (FCC) approved the Nexstar-Tegna deal, enabling NBC 4 and 10TV to now share an owner. This approval followed reports earlier the same day that eight U.S. states had asked a judge to temporarily halt the merger. Previously on March 21, Nexstar Media Group confirmed the official closure of its $6.2 billion acquisition of Tegna on March 19, a transaction that involved the assumption of $5.1 billion in debt. First unveiled in August 2025, this acquisition establishes Nexstar as the largest local television station owner in the country, following significant legal and regulatory pressure leading up to its approval.
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Nexstar Media Group offers 156 products in the media and telecoms services industry. Nexstar Media Group's product portfolio comprises of broadcast television and radio.
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Nexstar Media Group's revenues were $4.9B in 2025. Caretta Research has split Nexstar Media Group's revenue into 2 different product categories, the largest of which is linear (local broadcaster), which represents 55% of Nexstar Media Group's revenue.
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