What does Nexstar Media do?

Nexstar owns and runs local TV and radio stations across the U.S. that broadcast news, sports and entertainment. Its stations carry major networks such as ABC, NBC, FOX and CBS. It also owns the NewsNation cable news channel, runs websites and apps, and holds The CW and The Hill channels.

What is Nexstar Media's fair value?

On an owner-earnings DCF, Nexstar Media's most-likely fair value is about $159, versus a recent price near $161. A margin-of-safety estimate, not a price target. Analysis, not advice.

Communication Services · Broadcasting · NXST

What Nexstar Media Does & How It Makes Money (NXST)

Updated October 2026 · reflects Nexstar Media's latest reported financials

U.S. local TV station owner and diversified media company. It earns money mainly by selling advertising on its TV stations, radio, websites, apps and streaming platforms.

Nexstar Media's story, moat and numbers — in a 3-minute visual book.

Explore Nexstar Media on TacticScale →

How Nexstar Media makes money

It earns money mainly by selling advertising on its TV stations, radio, websites, apps and streaming platforms. It also sells programming, sales and other services to stations, and offers digital advertising solutions to publishers and advertisers.

What Nexstar Media does

Nexstar Media Group is a diversified U.S. media company built around local broadcasting. It owns, operates, programs or provides services to TV and radio stations affiliated with ABC, NBC, FOX, CBS, The CW, MyNetworkTV and other networks. These stations produce and distribute local and national news, sports and entertainment. Beyond local stations, Nexstar owns NewsNation (a national cable news network), Chicago's WGN-AM radio, and digital multicast networks. Its digital business includes 125 local websites, 229 mobile apps, 110 connected-TV apps, channels from The CW and The Hill, the BestReviews product review platform, and advertising solutions for publishers and advertisers. Founded in 1996 and headquartered in Irving, Texas, it was renamed from Nexstar Broadcasting Group in 2017.

Products & services

Local TV stations (ABC, NBC, FOX, CBS affiliates)
NewsNation
The CW
The Hill
WGN-AM Chicago
BestReviews

What is Nexstar Media worth?

On an owner-earnings DCF, Nexstar Media's most-likely value is about $159 versus a recent price near $161 (2% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$119) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge

Owner-earnings fair value · recent price ≈ $161

Fair value (most likely)

$159

Range

$133–$210

No-growth floor

$119

Price

~$161

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

⚠ High leverage — net debt is 24.8× annual cash flow. Net debt is subtracted from this fair value, but refinancing at higher rates, principal timing, and share dilution aren’t modeled — the equity can be worth far less if cash flow weakens.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Communication Services Industry Broadcasting HQ United States Ticker NXST Official site

Related companies

Versant Media (VSNT) · Fox (FOX) · Fox (FOXA) · News (NWS) · Comcast (CMCSA)

Understand Nexstar Media in 3 minutes →