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Nexstar Media's Q3 revenue jumps 77% despite TEGNA acquisition delays, maintaining strong dividend.

Company Fundamentals
10 Nov 2026, 18:22 WIB
Seeking Alpha
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Bullish
Nexstar Media's Q3 revenue jumps 77% despite TEGNA acquisition delays, maintaining strong dividend.

Nexstar Media reported a 77% revenue increase to $2.1 billion in Q3, driven by its TEGNA acquisition and high political ad spending. Legal delays have postponed $225 million in expected synergies from the TEGNA deal, but Nexstar's strong free cash flow is helping reduce debt quickly and maintain its 3.7% dividend. The company’s standalone value is estimated at $225 per share, with potential upside to $300 if TEGNA integration and synergies proceed as planned. Despite legal challenges, Nexstar remains a buy due to its solid financial performance and growth prospects.

Nexstar Media's Q3 revenue surged 77% to $2.1 billion, boosted by its TEGNA acquisition and political ad spending. For readers following the US media sector, here is Pluang's market snapshot as of Nov 10, 2026 22:23 WIB: Among 57 priced media stocks, 16 rose and 40 fell. Notable movers include EchoStar Corporation (ECHO) at USD 104.35 with a 3.12% gain and a typical hold time of 12 days, Sirius XM Holdings Inc (SIRI) at USD 31.84 with a 2.56% loss but 100% buy order activity, and Liberty Global Ltd Class C (LBTYK) at USD 9.97 with a 2.52% gain and a typical hold time of 22 days.

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