v3.25.1
Investments (Tables)
3 Months Ended
Mar. 31, 2025
Schedule of Equity Method Investments [Line Items]  
Schedule of Condensed Consolidated Balance Sheets

Investments in the Company’s Condensed Consolidated Balance Sheets consisted of the following (in millions):

 

 

March 31, 2025

 

 

December 31, 2024

 

Equity method investments

 

$

771

 

 

$

873

 

Other equity investments

 

 

4

 

 

 

4

 

Total investments

 

$

775

 

 

$

877

 

Summary of Transactions Related to Investment

Nexstar had the following transactions related to its investment in TV Food Network during the three months ended March 31, 2025 and 2024, respectively (in millions):

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Cash distributions received

 

$

114

 

 

$

119

 

Recognized share in TV Food Networkʼs net income

 

 

27

 

 

 

37

 

Recorded amortization of basis difference (expense)

 

 

(17

)

 

 

(17

)

TV Food Network [Member]  
Schedule of Equity Method Investments [Line Items]  
Summary of Financial Information

Summarized financial information for TV Food Network is as follows (in millions):

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Net revenue

 

$

202

 

 

$

249

 

Costs and expenses

 

 

124

 

 

 

133

 

Income from operations

 

 

78

 

 

 

116

 

Net income

 

 

81

 

 

 

119

 

Net income attributable to Nexstar Media Group, Inc.

 

 

27

 

 

 

37