Nexstar Media: Market Not Appreciating Its Durability (Upgrade) (NASDAQ:NXST)

Core Viewpoint - Nexstar Media Group, Inc. (NXST) has experienced a moderate performance over the past year, with a stock gain of approximately 12%, but has seen a steady decline since announcing the acquisition of TEGNA Inc. (TGNA) earlier this year [1] Group 1 - The stock of Nexstar Media Group has been on a downward trend following the announcement of the TEGNA acquisition [1] - The company has over fifteen years of experience in making contrarian bets based on macro views and stock-specific turnaround stories [1]