Equity |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Equity [Abstract] | |
| Equity | Note 11: Equity The total remaining authorization for future common stock repurchases under Nexstar’s share repurchase program was $1.6 billion as of December 31, 2024. During the three months ended March 31, 2025, Nexstar repurchased a total of 441,164 shares of its common stock for $75 million, funded by cash on hand. As of March 31, 2025, the remaining available amount under the share repurchase authorization was $1.5 billion. Share repurchases are executed from time to time in open market transactions, block trades or in private transactions, including through Rules 10b5-1 and 10b-18 plans. There is no minimum number of shares that Nexstar is required to repurchase. The repurchase program does not have an expiration date and may be suspended or discontinued at any time without prior notice. On January 29, 2025, Nexstar’s board of directors approved a 10% increase in its quarterly cash dividend to $1.86 per share of outstanding common stock beginning with the first quarter of 2025. |