Nexstar Media Group, Inc. (NXST) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Nexstar Media Group's third quarter 2025 conference call. Today's call is being recorded. I will now turn the conference over to Joe Giaffone, Investor Relations. Please go ahead, sir. Thank you, Carrie, and good morning, everyone. Let me read the safe harbor language and then we'll get right into the call. All statements and comments made by management during this conference call, other than statements of historical fact, may be deemed forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Nexstar cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those reflected by the forward-looking statements made during this call. For additional details on these risks and uncertainties, please see Nexstar's annual report on Form 10-K for the year ended December 31, 2024, as filed with the U.S. Securities and Exchange Commission and Nexstar's subsequent public filings with the SEC. Nexstar undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. With that, it's my pleasure to turn the conference over to your host, Nexstar founder, chairman, and CEO, Perry Sook. Perry, please go ahead. Thank you, Joseph, and good morning, everyone. Thank you for joining us on our call. Mike Baird, our Chief Operating Officer, and Leanne Gleha, our Chief Financial Officer, are both with me this morning. During the third quarter, we made the milestone announcement of our definitive agreement to acquire Tegna in a cash transaction valued at $6.2 billion. The proposed acquisition will strengthen Nexstar's position as the nation's leading local media compa...