v3.26.3
Investments (Tables)
9 Months Ended
Sep. 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):

 

 

September 30, 2026

 

 

December 31, 2025

 

Equity method investments

 

$

343

 

 

$

390

 

Other equity investments

 

 

42

 

 

 

6

 

Total investments

 

$

385

 

 

$

396

 

Summary of Transactions Related to Investment

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

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cash distributions received

 

$

4

 

 

$

6

 

 

$

100

 

 

$

131

 

Recognized share in TV Food Networkʼs net income

 

 

19

 

 

 

23

 

 

 

64

 

 

 

78

 

Recorded amortization of basis difference (expense)

 

 

(17

)

 

 

(17

)

 

 

(52

)

 

 

(52

)

 

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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net revenue

 

$

172

 

 

$

189

 

 

$

540

 

 

$

606

 

Costs and expenses

 

 

111

 

 

 

117

 

 

 

339

 

 

 

363

 

Income from operations

 

 

61

 

 

 

72

 

 

 

201

 

 

 

243

 

Net income

 

 

61

 

 

 

73

 

 

 

203

 

 

 

246

 

Net income attributable to Nexstar Media Group, Inc.

 

 

19

 

 

 

23

 

 

 

64

 

 

 

78