On the Record · Nexstar Media Group

Nexstar Media Group acquisitions, on the record

The businesses Nexstar Media Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
The CW Word for word“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.” 10-K for 2023	acquisition	September 2022	no consideration
WSNN-LD Word for word“(10) Nexstar acquired WSNN-LD on July 20, 2023.” 10-K for 2023	acquisition	July 20, 2023	—
KUSI-TV from McKinnon Broadcasting Word for word“(11) Nexstar acquired KUSI-TV from McKinnon Broadcasting on August 31, 2023.” 10-K for 2023	acquisition	August 31, 2023	—
KUSI-TV and WSNN-LD Word for word“Acquired certain assets of WSNN-LD, an MNTV-affiliated low power television station serving the Tampa, Florida market and KUSI-TV, an independent full power television station serving the San Diego, CA market, for a combined total purchase price of $38 million in cash.” 10-K for 2023	acquisition	—	a combined total purchase price of $38 million in cash
KAZT-TV non-license assets Word for word“In January 2024, we entered into a multi-year time brokerage agreement with KAZT, L.L.C., the owner of television station KAZT-TV in Phoenix, Arizona, and acquired the station's non-license assets.” 10-K for 2023	agreed acquisition	January 2024	—
WBNX-TV Word for word“In 2025, we acquired WBNX-TV, an independent full power station in Cleveland, OH.” 10-K for 2024	acquisition	In 2025	—
KAZT-TV Word for word“In January 2024, we entered into a multi-year TBA with KAZT, L.L.C., the owner of television station KAZT-TV in Phoenix, Arizona, and acquired the station's non-license assets for a nominal cash payment.” 10-K for 2024	acquisition	In January 2024	nominal cash payment
BMI Word for word“This was primarily due to the proceeds received from the disposal of an investment in connection with BMI's sale to New Mountain Capital of $40 million and a decrease in uses of cash from payment of acquisitions of $38 million.” 10-K for 2024	divestiture	—	$40 million
TEGNA Inc. Word for word“On August 18, 2025, we entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) to acquire the outstanding equity of TEGNA (such transaction, the “Merger”).” 10-K for 2025	agreed acquisition	On August 18, 2025	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2016-12-31	$104 million	—	—
2017-12-31	$2.98 billion	$481.9 million	—
2018-12-31	$104 million	—	—
2019-12-31	$5.88 billion	$1.35 billion	—
2020-12-31	$386.4 million	$362.8 million	—
2021-12-31	$138 million	$2.5 million	$69.1 million
2023-12-31	$38 million	—	$4 million
2025-12-31	$22 million	—	$2 million

Deal filings since 2016

2026-04-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-03-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-03-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-03-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2025-08-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-06-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-09-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-09-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-09-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-07-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-06-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-03-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-12-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-07-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-01-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-01-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-01-17 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-07-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-07-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-01-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Nexstar Media Group’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.