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Investments (Tables)
9 Months Ended
Sep. 30, 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):

 

 

September 30, 2025

 

 

December 31, 2024

 

Equity method investments

 

$

770

 

 

$

873

 

Other equity investments

 

 

4

 

 

 

4

 

Total investments

 

$

774

 

 

$

877

 

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, 2025 and 2024, respectively (in millions):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cash distributions received

 

$

6

 

 

$

5

 

 

$

131

 

 

$

143

 

Recognized share in TV Food Networkʼs net income

 

 

23

 

 

 

36

 

 

 

78

 

 

 

107

 

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,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net revenue

 

$

189

 

 

$

254

 

 

$

606

 

 

$

757

 

Costs and expenses

 

 

117

 

 

 

137

 

 

 

363

 

 

 

412

 

Income from operations

 

 

72

 

 

 

117

 

 

 

243

 

 

 

345

 

Net income

 

 

73

 

 

 

114

 

 

 

246

 

 

 

342

 

Net income attributable to Nexstar Media Group, Inc.

 

 

23

 

 

 

36

 

 

 

78

 

 

 

107