Nexstar Media Group, Inc.

We are a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across our television and digital platforms, including more than 317,000 hours of programming produced annually by our business units. Nexstar owns America’s largest local television broadcasting group comprised of top network affiliates, with over 200 owned or partner stations in 116 U.S. markets in 40 states and the District of Columbia reaching over 225 million people. Nexstar’s national television properties include an 80.8% interest in The CW Network, LLC ( The CW ), the fifth major broadcast network in the U.S., NewsNation, a national news network providing News for All Americans, two popular entertainment multicast networks, Antenna TV and REWIND TV, and a 31.3% ownership stake in Television Food Network, G.P. ( TV Food Network ). The Company’s portfolio of digital assets, including its local TV station apps and websites, The Hill and NewsNationNow.com, is collectively a Top 10 U.S. digital news and information property, attracting over 90 million monthly unique users on average during 2025 according to Comscore. On August 18, 2025, we entered into a definitive Agreement and Plan of Merger (the Merger Agreement ) to acquire the outstanding equity of TEGNA (such transaction, the Merger ). TEGNA owns and operates 64 television stations and two radio stations in 51 DMAs in the U.S. The Merger is anticipated to close by the second half of 2026. For more information see the Merger Agreement with TEGNA paragraph later in this Item 1.