v3.26.1
Investments (Tables)
6 Months Ended
Jun. 30, 2026
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):

 

 

June 30, 2026

 

 

December 31, 2025

 

Equity method investments

 

$

344

 

 

$

390

 

Other equity investments

 

 

43

 

 

 

6

 

Total investments

 

$

387

 

 

$

396

 

Summary of Transactions Related to Investment

Nexstar had the following transactions related to its investment in TV Food Network during the three and six months ended June 30, 2026 and 2025, respectively (in millions):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cash distributions received

 

$

11

 

 

$

12

 

 

$

96

 

 

$

125

 

Recognized share in TV Food Networkʼs net income

 

 

22

 

 

 

28

 

 

 

44

 

 

 

55

 

Recorded amortization of basis difference (expense)

 

 

(17

)

 

 

(17

)

 

 

(35

)

 

 

(35

)

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net revenue

 

$

185

 

 

$

214

 

 

$

368

 

 

$

416

 

Costs and expenses

 

 

116

 

 

 

122

 

 

 

228

 

 

 

246

 

Income from operations

 

 

69

 

 

 

92

 

 

 

140

 

 

 

170

 

Net income

 

 

70

 

 

 

92

 

 

 

141

 

 

 

173

 

Net income attributable to Nexstar Media Group, Inc.

 

 

22

 

 

 

28

 

 

 

44

 

 

 

55