Nexstar Media Group Reports Record First Quarter Net Revenue of $1.28 Billion

Q1 Net Revenue Drives Net Income of $167 Million, Adjusted EBITDA of $542 Million and Adjusted Free Cash Flow of $403 Million

All-Time High Quarterly Distribution Revenue

Reduced Year-over-Year Quarterly Losses at The CW by $50 Million

Quarterly Return of Capital to Shareholders of $168 Million, Reducing Shares Outstanding by 1.7%

IRVING, Texas – Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or the “Company”) today reported financial results for the first quarter ended March 31, 2024.

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