Added to YB: 2025-12-18
Pitch date: 2025-12-16
NXST [bearish]
Nexstar Media Group, Inc.
-1.58%
current return
Author Info
Accrued Interest is an TMT Equity Research Specialist. They manage their family office and write about business and investing. Former tv/radio executive. During corporate years, achieved +3,400% TWR in PA from ’16-‘24. Sign up for the newsletter.
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
$6.2B
Pitch Price
$202.54
Price Target
N/A
Dividend
3.65%
EV/EBITDA
7.62
P/E
12.58
EV/Sales
2.45
Sector
Media
Category
special_situation
Nexstar + Tegna: Capped Upside and Regulatory Risk ($NXST)
NXST (bearish): Bearish on broadcast TV giant's Tegna acquisition amid accelerating cord-cutting. ~$2.30 deal spread on $22 offer suggests regulatory risk; capital tied up until late 2026. Core ad revenue flat, distribution down -1.4% YoY. YouTube TV gaining share, linear TV viewership -10.3%. M&A can't solve organic growth problem in declining industry.
Read full article (4 min)