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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Estimated Fair Values and Carrying Amounts of Long-term Debt Not Measured at Fair Value on a Recurring Basis | The estimated fair values and carrying amounts of the Company’s long-term debt not measured at fair value on a recurring basis were as follows ($ in millions):
|  | June 30, 2025 |  |  | December 31, 2024 |
|  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
|  | Amount |  |  | Value |  |  | Amount |  |  | Value |
Nexstar |  |  |  |  |  |  |  |  |  |  |  |
Revolving loans due June 2030 |  | $ | 144 |  |  | $ 143(1) |  |  | $ | - |  |  | $ | - |
Term Loan A, due June 2030 |  |  | 1,899 |  |  | 1,895(2) |  |  |  | - |  |  |  | - |
Term Loan A, due June 2027 |  |  | - |  |  |  | - |  |  |  | 2,117 |  |  | 2,093(3) |
Term Loan B, due June 2032 |  |  | 1,279 |  |  | 1,297(2) |  |  |  | - |  |  |  | - |
Term Loan B, due September 2026 |  |  | - |  |  |  | - |  |  |  | 1,344 |  |  | 1,362(3) |
5.625% Notes, due July 2027 |  |  | 1,716 |  |  | 1,707(2) |  |  |  | 1,716 |  |  | 1,667(2) |
4.75% Notes, due November 2028 |  |  | 996 |  |  | 968(2) |  |  |  | 995 |  |  | 930(2) |
Mission |  |  |  |  |  |  |  |  |  |  |  |
Revolving loans due June 2030 |  |  | 62 |  |  | 61(1) |  |  |  | - |  |  |  | - |
Revolving loans due June 2027 |  |  | - |  |  |  | - |  |  |  | 62 |  |  | 61(3) |
Term Loan B, due June 2028 |  |  | 287 |  |  | 287(2) |  |  |  | 289 |  |  | 290(3) |
(1) The fair value is based on the bid price provided by a third-party investment banking firm and is classified as Level 3 in the fair value hierarchy as the debt is not traded (unobservable in the market). (2) The fair value is based on the bid price provided by a third-party investment banking firm and is classified as Level 2 in the fair value hierarchy as the bid price is quoted in a major market news service and the investment banking firm stands ready to trade (observable in the market). (3) The fair value was estimated based on available borrowing rates for bank loans with similar terms and average maturities. The fair value measurement was considered Level 3, as significant inputs to the fair value calculation are unobservable in the market.

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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