Added to YB: 2026-07-01
Pitch date: 2026-07-01
NXST [bullish]
Nexstar Media Group, Inc.
+4.35%
current return
Author Info
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Company Info
Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States.
Market Cap
$5.7B
Pitch Price
$178.39
Price Target
N/A
Dividend
4.00%
EV/EBITDA
9.89
P/E
34.84
EV/Sales
3.00
Sector
Media
Category
special_situation
NEXSTAR MEDIA GROUP, INC. (NXST)
NXST: Legal special-situation: NXST closed its $6.2B TEGNA deal (265 stations, ~80% US reach, ~$300M annual synergies, >40% yr-1 FCF accretion) but a preliminary injunction forces TEGNA to run as a separate viable business, blocking synergy capture until the antitrust suit resolves. Highly levered (7.9x net debt/EBITDA), trading at 6.0x NTM EV/EBITDA (-12% vs 5y median, vs 7.5x a yr ago); given leverage, a re-rate to 6.8x = +45%, to 7.5x = +85% plus EBITDA growth/4.4% div. Signal: CEO reversed 11+ yrs of selling with a $2M buy (largest ever) at $162.26. Risk: antitrust cases are unpredictable and outcome/timing drives everything.
Read full article (3 min)