NEXSTAR MEDIA GROUP REPORTS FOURTH QUARTER NET REVENUE OF $1.3 BILLION Exhibit 99.1 Q4 Consolidated Net Revenue Drives Operating Income of $230 Million, Net Income of $100 Million, Consolidated Adjusted EBITDA of $411 Million and Attributable Free Cash Flow of $265 Million Quarterly and Full Year Return of Capital to Shareholders of $137 Million and $796 Million, Respectively, Reduced Shares Outstanding by 8.7% during 2023 Issues 2024 Adjusted EBITDA Guidance of $2.085 Billion to $2.195 Billion IRVING, Texa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 000-50478 NEXSTAR MEDIA GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 23-3083125 (State of Incorporation or ...

Financial Data and Key Metrics Changes - Nexstar reported Q3 2023 revenue of $1.13 billion, down from $1.27 billion in the prior year, primarily due to a decline in political advertising and temporary removal of stations from an MVPD [55][43] - Distribution revenue decreased by $43 million or 6.7% year-over-year to approximately $598 million, impacted by the removal of stations on DIRECTV for 76 days [28][43] - Adjusted EBITDA for Q3 was $236 million, representing a 20.8% margin, while excluding the CW, it was $294 million with a 27.2% margin [35][66] Business Line Data and Key Metrics Changes - Core television advertising revenue declined by 2.3% year-over-year, with a more significant decline of 6.8% when excluding the CW, although this marked an improvement from the previous quarter [24][14] - Digital revenue increased by 15.1% to approximately $99 million, driven by local digital advertising and agency services, despite some weakness in national digital advertising [29][66] - The CW generated $59 million in revenue with an adjusted EBITDA loss of $58 million, an improvement from $74 million losses in Q2 [32][66] Market Data and Key Metrics Changes - Automotive advertising, the largest category, grew by 13% over Q3 2022, indicating a rebound in this sector [26] - Political advertising revenue for Q3 was $19 million, reflecting a cyclical decline, but expectations for 2024 are optimistic with projected local broadcasting spending of $5 billion [58][27] - Subscriber attrition remained in the low single digits, positively impacted by increased carriage of CW and MyNetwork TV on YouTube TV [60] Company Strategy and Development Direction - Nexstar plans to bring the majority of its national sales efforts in-house starting January 2024 to enhance advertising sales effectiveness [17] - The company is leveraging its CW network to increase audience reach and profitability through compelling sports programming and strategic content investments [16][22] - Future growth is anticipated from successful renegotiation of distribution contracts and the expected boost from the political advertising cycle in 2024 [18][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business model and the ability to generate significant free cash flow, with a repurchase of $199 million worth of stock in Q3 [8][18] - The management team highlighted the importance of broadcast television in reaching large audiences, particularly for sports organizations [13][45] - There is optimism regarding the impact of the Disney Charter deal on subscriber attrition and overall market conditions [88] Other Important Information - Nexstar has reduced its shares outstanding by over 25% since initiating its repurchase program, reflecting a commitment to shareholder value [15][69] - The company expects to continue executing share repurchases as part of its strategy to enhance long-term shareholder value [96][95] - The CW's losses have been reduced by $75 million year-to-date compared to the previous owner, with a goal of reaching breakeven in the coming years [32][49] Q&A Session Summary Question: Can you provide clarity on the CW outlook and its financial performance? - Management clarified that cumulative losses to breakeven for the CW are expected to be in the low nine figures, with free cash flow guidance indicating better-than-expected performance [82][83] Question: How does the Disney Charter deal impact subscriber declines? - Management believes the deal will help moderate subscriber attrition, as bundling services may prevent customers from switching providers [88] Question: What is the expected impact of new deals on cash flow and monetization? - Management indicated that the combination of local and national deals is expected to enhance CPMs and overall cash flow, although some deals will not start until late 2024 or 2025 [100]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 000-50478 NEXSTAR MEDIA GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 23-3083125 (Registrant's Telephone Number, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 000-50478 NEXSTAR MEDIA GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 23-3083125 (State of Incorporation or Orga ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to . Commission File Number: 000-50478 NEXSTAR MEDIA GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 23-3083125 (State of Organization or Incorpor ...

Nexstar Media Group, Inc. (NASDAQ:NXST) Q4 2022 Earnings Conference Call February 28, 2023 10:00 AM ET Company Participants Joseph Jaffoni - Investor Relations Perry Sook - Chairman and Chief Executive Officer Tom Carter - President and Chief Operating Officer Lee Ann Gliha - Executive Vice President and Chief Financial Officer Conference Call Participants Craig Huber - Huber Research Partners Steven Cahall - Wells Fargo Daniel Kurnos - Benchmark Company Nicholas Zangler - Stephens Jim Goss - Barrington Res ...

Nexstar Media Group, Inc. (NASDAQ:NXST) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Perry Sook - Chairman & Chief Executive Officer Tom Carter - President & Chief Operating Officer Lee Ann Gliha - Chief Financial Officer Conference Call Participants Dan Kurnos - The Benchmark Company Craig Huber - Huber Research Partners Jim Goss - Barrington Research Aaron Watts - Deutsche Bank Steven Cahall - Wells Fargo Barton Crockett - Rosenblatt S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 000-50478 NEXSTAR MEDIA GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) (State of Incorporation or Organization) (I.R.S. Emp ...

Nexstar Media Group, Inc. (NASDAQ:NXST) Q2 2022 Results Conference Call August 4, 2022 10:00 AM ET Company Participants Joe Jaffoni - JCIR Perry Sook - Founder, Chairman & CEO Lee Ann Gliha - CFO Tom Carter - President & COO Conference Call Participants Dan Kurnos - Benchmark Steven Cahall - Wells Fargo Aaron Watts - Deutsche Bank Craig Huber - Huber Research Partners Alan Gould - Loop Capital Barton Crockett - Rosenblatt Securities Jim Goss - Barrington Research Courtney Bahlman - Barclays John Kornreich - ...