Nexstar: brands it owns and its ownership tree
Nexstar (NASDAQ: NXST) is a publicly listed company headquartered in Irving, United States that owns 5 consumer brands across 2 categories.[1][2]
Nexstar Media Group is a Delaware corporation based in Irving, Texas, whose common stock trades on the Nasdaq Global Select Market as NXST. Its 10-K for 2025 describes a local television group of over 200 owned or partner stations in 116 U.S. markets, alongside national networks and digital properties. The filing says a merger with TEGNA is pending and expected to close by the second half of 2026, so TEGNA assets are not included here. Nexstar also reports a 31.3% interest in Television Food Network, G.P.; Food Network is already recorded under its other owner, so it is not listed as a Nexstar brand.
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brands owned
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2
categories
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0
acquisitions recorded
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0
divestitures recorded
Company facts
- Legal name
- Nexstar Media Group, Inc.
- Type
- publicly listed company · see all publicly listed company owners
- Headquarters
- 🇺🇸 Irving, United States
- Tickers
- NASDAQ: NXST
- Revenue
- $4.95 billion (2025)[2]
- SEC CIK
- 0001142417
- Last verified
- · 2 sources
What Nexstar's annual report says about its business
Read from Nexstar's latest annual filing[1]. Each line gives the sentence the filing uses, copied word for word.
Acquisitions and disposals named in the filing
- Acquired: TEGNA, $6.2 billion.
The transaction is valued at an estimated $6.2 billion, which includes the estimated purchase price of $5.8 billion (comprising the Merger Consideration and the refinancing of certain existing TEGNA debt), financing fees and transaction costs and expenses.
- Acquired: The CW (September 2022), no consideration.
As the largest affiliate of The CW, we acquired the network in September 2022 (for no consideration) in order to sustain and grow our CW-related revenue streams and to improve this underexploited national broadcast network asset.
- Acquired: NASCAR O'Reilly Auto Parts Series.
Since we made the acquisition, we have (i) increased the hours of programming provided by the network by almost 60%, (ii) introduced sports and sports-related programming through the creation of CW Sports with the acquisition of exclusive broadcast rights to NASCAR O'Reilly Auto Parts Series (formerly known as the NASCAR Xfinity Series), WWE NXT, ACC college football and basketball, Pac-12 football games, AVP beach volleyball, PBR Team Series, and Professional Bowlers Association events, among other events, and (iii) increased the percentage of total programming hours offered by the network in 2025 related to sports and sports-related programming to over 40% from 0% at acquisition, all while reducing programming costs by more than 50% and improving operating cash flows of the network.
- Acquired: Tribune (September 19, 2019).
On September 19, 2019, Tribune became a wholly owned subsidiary of Nexstar following Nexstar's merger with Tribune.
- Acquired: WBNX-TV, $22 million.
Acquired the assets of WBNX-TV, an independent full power television station serving the Cleveland, OH market for a $22 million cash purchase price.
Nexstar in numbers
- Nexstar owns 5 consumer brands tracked here across 2 top-level categories; the largest is media & entertainment with 4 brands.[1]
Nexstar financial history
Headline figures from Nexstar's annual reports filed with the US Securities and Exchange Commission, in USD as reported, fiscal years ending 2020–2025. Revenue moved from $4.5bn to $4.95bn, an average of 1.9% a year (calculated).
| Fiscal year ended | Revenue | Operating income | Operating margin | Net income | Total assets | Long-term debt | Filing |
|---|---|---|---|---|---|---|---|
| $4.95bn | $849m | 17.2% | $109m | $10.8bn | $6.22bn | 10-K | |
| $5.41bn | $1.27bn | 23.5% | $722m | $11.5bn | $6.4bn | 10-K | |
| $4.93bn | $708m | 14.4% | $346m | $12.1bn | $6.71bn | 10-K | |
| $5.21bn | $1.31bn | 25.2% | $971m | $12.7bn | $6.83bn | 10-K | |
| $4.65bn | $1.18bn | 25.3% | $834m | $13.3bn | $7.37bn | 10-K | |
| $4.5bn | $1.38bn | 30.6% | $811.5m | $13.4bn | $7.65bn | 10-K |
Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.
Everything Nexstar owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Full-screen interactive tree →
Brand portfolio by category
Recent changes to this record
Nexstar SEC filings
The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.
Annual reports
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
Proxy statements
- Proxy statement, filed (DEF 14A)
- Proxy statement, filed (DEF 14A)
- Proxy statement, filed (DEF 14A)
Recent current and quarterly reports
| Filed | Form | What it declares |
|---|---|---|
| 10-Q | Quarterly report | |
| 8-K | Results of operations and financial condition | |
| 8-K | Other events | |
| 8-K | Results of a shareholder vote; Regulation FD disclosure | |
| 10-Q | Quarterly report | |
| 8-K | Results of operations and financial condition | |
| 8-K | Other events | |
| 8-K | Entry into a material agreement; Creation of a direct financial obligation | |
| 8-K | Entry into a material agreement; Termination of a material agreement; Creation of a direct financial obligation | |
| 8-K | Regulation FD disclosure | |
| 8-K | Entry into a material agreement; Completion of an acquisition or disposal of assets; Creation of a direct financial obligation; Regulation FD disclosure | |
| 8-K | Results of operations and financial condition | |
| 8-K | Other events | |
| 10-Q | Quarterly report |
Frequently asked questions
What brands does Nexstar own?
Nexstar owns 5 consumer brands tracked here, including The CW, NewsNation, Antenna TV, REWIND TV and The Hill.
Is Nexstar an American company?
Yes. Nexstar is headquartered in Irving, United States.
Who owns Nexstar?
Nexstar is a publicly listed company owned by its shareholders; it trades as NXST on the NASDAQ.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Nexstar Media Group, Inc. Annual Report on Form 10-K filed 2026-02-27 — SEC EDGAR, SEC Form 10-K, published 27 February 2026; retrieved 4 October 2026.
- [2] Nexstar Media Group, Inc.: Form 10-K for the year ended 2025-12-31 (revenue) — SEC EDGAR, SEC Form 10-K, published 27 February 2026; retrieved 4 October 2026.
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