Nexstar Media made a record $2.13 billion in sales last quarter, boosted by political ads and the Tegna deal.

NXST · Nexstar Media Group

The AI's read

Cash from the quarter helped Nexstar pay down debt and return money to shareholders. The company also reported growing audiences at The CW and NewsNation. Some sales strength came from the Tegna purchase and a record election cycle, so that pace may not last. The cash generation and debt reduction still make this a positive report.