{
  "id": 6652653,
  "title": "Nexstar at Goldman Sachs conference: growth bets meet regulatory lift",
  "url": "https://urgent.news/2026/09/10/nexstar-at-goldman-sachs-conference-growth-bets-meet-regulatory-lift",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T21:38:54.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/nexstar-at-goldman-sachs-conference-growth-bets-meet-regulatory-lift-93CH-4897002"
  },
  "original_language": "en",
  "account": "On Thursday, 10 September 2026, Nexstar Media Group (NXST) presented its business performance at the Goldman Sachs Communacopia + Technology Conference 2026. The company reported that it is ahead of plan on EBITDA and free cash flow, with political advertising exceeding expectations. The repeal of the 39% national audience cap by the FCC is seen as a significant opportunity for future acquisitions and consolidation. Digital revenue is growing at low-double-digit rates and is expected to surpass national advertising revenue by 2026. The company's portfolio includes NewsNation, The CW, and future spectrum monetization, forming part of its long-term growth strategy. TEGNA is under a court-ordered hold separate arrangement, but Nexstar's integration plans are ready for execution if regulatory clarity arrives. In the political ad space, management describes the category as \"very stout\" and above expectations for the year. The company forecasts about half of annual political spending to occur between Labor Day and Election Day, with total political ad spending forecasted at $10.8 billion. Nexstar expects to capture a low-double-digit share of broadcast political dollars due to its extensive reach in contested markets. Standalone distribution revenue is guided to grow at low single digits, while net retransmission revenue is expected to rise at mid-single digits, aided by multi-year carriage renewals. Nonpolitical advertising is projected to decline in the third quarter as political spending crowds out other categories. Digital revenue, encompassing both owned-and-operated and third-party connected TV inventory, is expanding at low-double-digit rates. The financial performance bolsters management's optimism, with a market capitalization of $5.23 billion, trailing twelve-month EBITDA of $1.7 billion, and revenue of $5.88 billion over the last twelve months, representing an 11% growth. The company's gross profit margin is 55%, and its free cash flow yield is 14%, indicating strong cash generation. According to InvestingPro analysis, Nexstar's stock appears undervalued relative to its Fair Value, positioning it as an opportunity on the platform's Most Undervalued list. The company boasts being the nation's largest local broadcaster, operating or servicing 265 full-power stations across 132 markets with approximately 5,500 journalists in 44 states. Nexstar's scale is seen as a core advantage, and it produces more than 400,000 hours of local content annually. Nexstar's focus extends to digital with connected TV apps launched in all markets and new programming designed for digital monetization. The company is pursuing audience extension strategies that blend linear television with targeted CTV offerings. TEGNA remains a strategic issue, operating under a court-ordered hold separate arrangement while awaiting regulatory clarity, with integration plans ready for execution once legal and regulatory issues are addressed.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Ethos Technologies at Goldman Sachs Communacopia + Technology Conference: growth push",
        "url": "https://urgent.news/2026/09/09/ethos-technologies-at-goldman-sachs-communacopia-technology",
        "published": "2026-09-09T23:41:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}