Core Viewpoint - Nexstar Media Group, Inc. will report its 2025 fourth quarter financial results on February 26, 2026, and will host a conference call to discuss these results [1]. Group 1: Financial Reporting - The financial results for the fourth quarter of 2025 will be announced on February 26, 2026 [1]. - A conference call and webcast will take place at 10:00 a.m. ET on the same day to review the results [1]. Group 2: Conference Call Access - Interested parties can access the conference call by dialing 1-877-407-9208 or 1-201-493-6784, using conference ID 13757850 [2]. - A live webcast of the call will be available on Nexstar's website, and a replay will be accessible for 90 days after the event [2]. Group 3: Company Overview - Nexstar Media Group, Inc. is a leading diversified media company producing over 317,000 hours of programming annually [4]. - The company owns the largest local television broadcasting group in America, with over 200 owned or partner stations in 116 U.S. markets, reaching 220 million people [4]. - Nexstar's national television properties include The CW, NewsNation, and a 31.3% stake in TV Food Network, along with a portfolio of digital assets that rank among the top 10 U.S. digital news and information properties [4].

Acquisition Overview - Nexstar Media Group is acquiring Tegna for $6.2 billion in cash, creating a significant local TV broadcasting entity as the industry anticipates regulatory changes to facilitate consolidation [1][12] - The acquisition values Tegna shares at $22 each, reflecting a 31% premium over the company's average trading price prior to the announcement [1][9] Competitive Landscape - Nexstar outbid rival Sinclair, which had offered between $25 and $30 per share, despite Sinclair's lower market capitalization of $1 billion compared to Nexstar's $6.3 billion [2][3] - Sinclair is burdened with over $4 billion in debt, complicating its ability to pursue major acquisitions [3] Strategic Rationale - Nexstar's CEO Perry Sook emphasized that the deal aligns with the Trump administration's deregulatory policies, allowing local broadcasters to enhance their reach and compete against larger tech and media companies [4] - The merger will expand Nexstar's presence in key metropolitan areas such as Atlanta, Phoenix, Seattle, and Minneapolis, thereby strengthening its national coverage [4][11] Operational Synergies - The combination of Tegna's television properties with Nexstar's extensive station network is expected to reinforce Nexstar's dominance in local broadcasting [7] - Sook highlighted Nexstar's successful acquisition history, including the purchase of Tribune Media, and outlined strategies to enhance local programming and achieve cost efficiencies [7][8] Industry Context - The deal comes at a challenging time for traditional linear television, as broadcasters face competition from streaming platforms and tech companies for viewers and advertising revenue [12] - The merger is seen as a means for stations to better compete in a fragmented media landscape [12]