Nexstar Media Group layoffs, on the record
Every job cut, severance charge and restructuring Nexstar Media Group reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 13,294 to 12,832.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 13,294 | December 31, 2023 |
| 10-K for 2024 | 13,005 | December 31, 2024 |
| 10-K for 2025 | 12,832 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryTransaction costs for The CW acquisition, which included severance costs along with retention bonuses and legal and professional fees, were recorded in selling, general and administrative expense.
Word for word“Transaction costs related to this acquisition, including severance costs, retention bonuses and legal and professional fees totaling $ 13 million and $ 33 million for the years ended December 31, 2023 and 2022, respectively, were included in selling, general and administrative expense, excluding depreciation and amortization in the accompanying Consolidated Statements of Operations and Comprehensive Income.” 10-K for 2023
Our summaryNexstar reported restructuring costs as a separate line in its segment profit reconciliation; the table does not name the affected positions.
Word for word“Restructuring costs ( 12 ) ( 15 ) - Miscellaneous 2 2 ( 1 ) Income from operations $ 1,268 $ 708 $ 1,312 (1) The expenses included in the measure of our reportable Broadcast segment's profit are as follows:” 10-K for 2024
Our summaryThe company carried out a strategic, operational restructuring that cut middle management in ad sales, streamlined local market work processes, and improved integration of The CW and The Hill, lowering operating expenses.
Word for word“For example, during the fourth quarter of 2024, we implemented a strategic, operational restructuring which enabled us to reduce overall operating expenses before one-time and transaction-related expenses, from 2024 to 2025.” 10-K for 2025
Nexstar Media Group has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
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.