Nexstar Media Group, also known as Nexstar, a publicly owned company headquartered in the US, was founded in 1996. The company, which employs approximately 3,480 individuals, reported $4.9B in revenue as of 2025. It operates as a diversified media company specializing in broadcast television and radio, producing and distributing local and national news, sports, and entertainment content, including 283,000 hours of original video content each year.
A coalition of state attorneys general, including Pennsylvania’s top prosecutor, sought on May 2, 2026, to undo a major broadcast television merger, arguing it could reduce viewing options and raise costs for consumers. This development followed Nexstar Media Group reaching a deal with the Ohio Attorney General on May 1 to maintain local TV news independence. Earlier on May 1, the company's legal team settled with the Ohio Attorney General regarding its merger, a day when five more states joined California in blocking the Nexstar/TEGNA acquisition. Separately, on May 1, Nexstar's Board of Directors declared a quarterly cash dividend of $1.86 per share of common stock. The company has raised its dividend for 13 consecutive years, with 10% growth over the last twelve months, representing a yield of 3.57%. Also on May 1, Nexstar's purchase of Tegna faced new bipartisan opposition.
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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 54% of Nexstar Media Group's revenue.
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