▸ Record Q1 net revenue of $1.396B (+13.1%) and net income of $160M (+64.9%) — yet long-term guidance withheld
▸ Total debt nearly doubled from $6.3B to $12.2B; covenant cap raised 4.25x → 4.75x as synergy recognition is frozen
Big Broadcasting on Trial in America: Four Fault Lines Laid Bare by the Nexstar–Tegna Standoff
Nexstar’s record Q1 results highlight strong operating momentum but also expose how its high-debt, scale-driven strategy is now constrained by a court‑ordered standstill on the TEGNA merger and rising legal and regulatory risk.
