NEXSTAR MEDIA GROUP, INC.

Nexstar Media Group completed its acquisition of TEGNA Inc. on March 19, 2026, significantly expanding its operational and geographic footprint to cover approximately 80% of U.S. television households. However, a preliminary injunction was issued on April 17, 2026, prohibiting further integration of the companies pending adjudication on the merits. For the first quarter of 2026, Nexstar reported a substantial increase in net income and revenue, with net income attributable to the company rising to $164 million and net revenue reaching $1,396 million.

Nexstar Media Group reported record first-quarter 2026 financial results, with net revenue increasing 13.1% to $1.40 billion and net income rising 64.9% to $160 million. The company successfully closed its acquisition of TEGNA Inc. on March 19, 2026, which contributed to the strong performance. Nexstar also returned $56 million to shareholders in dividends and repaid $182 million of debt through April 30, while NewsNation continued its growth trajectory and The CW Network progressed towards profitability.

Nexstar Media Group, Inc. announced that its Board of Directors declared a quarterly cash dividend of $1.86 per share on its common stock. The dividend is scheduled to be paid on May 29, 2026, to shareholders of record as of May 15, 2026. The company stated its intention to continue paying regular quarterly cash dividends, with future declarations subject to Board review and discretion.

Nexstar Media Group announced its Annual Meeting of Stockholders for June 16, 2026, where shareholders will vote on key proposals. These include the election of nine director nominees, an advisory vote on executive compensation, ratification of PricewaterhouseCoopers LLP as the independent auditor, and the approval of the 2026 Long-Term Omnibus Incentive Plan. The proposed incentive plan seeks a new pool of 2,300,000 shares, plus a rollover of 202,174 shares from the prior plan, to continue attracting and retaining talent. The company also highlighted its ongoing corporate governance enhancements and a 1.7% average burn rate over the last three years.