SEC Form SC 13G/A filed by Nexstar Media Group Inc. (Amendment)

2/9/22 9:22:52 AM ET

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SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No. 3 NEXSTAR MEDIA GROUP INC CLASS A COMMON STOCK Cusip #65336K103 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #65336K103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 126,073 Item 6: 0 Item 7: 2,123,935 Item 8: 0 Item 9: 2,123,935 Item 11: 5.194% Item 12: HC Cusip #65336K103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 2,123,935 Item 8: 0 Item 9: 2,123,935 Item 11: 5.194% Item 12: IN Item 1(a). Name of Issuer: NEXSTAR MEDIA GROUP INC Item 1(b). Address of Issuer's Principal Executive Offices: 545 East John Carpenter Freeway, Suite 700 Irving, TX 75062 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: CLASS A COMMON STOCK Item 2(e). CUSIP Number: 65336K103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 2,123,935 (b) Percent of Class: 5.194% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 126,073 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 2,123,935 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of NEXSTAR MEDIA GROUP INC. No one other person's interest in the CLASS A COMMON STOCK of NEXSTAR MEDIA GROUP INC is more than five percent of the total outstanding CLASS A COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2022 Date /s/ Kevin M. Meagher Signature Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Management & Research Company LLC IA Fidelity Management Trust Company BK Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. Neither FMR LLC nor Abigail P. Johnson has the sole power to vote or direct the voting of the shares owned directly by the various investment companies registered under the Investment Company Act ("Fidelity Funds") advised by Fidelity Management & Research Company LLC ("FMR Co. LLC"), a wholly owned subsidiary of FMR LLC, which power resides with the Fidelity Funds' Boards of Trustees. FMR Co. LLC carries out the voting of the shares under written guidelines established by the Fidelity Funds' Boards of Trustees. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2022, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the CLASS A COMMON STOCK of NEXSTAR MEDIA GROUP INC at December 31, 2021. FMR LLC By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 30, 2018, by and on behalf of Abigail P. Johnson* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414.

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Recent Analyst Ratings for

$NXST

Date	Price Target	Rating	Analyst
2/28/2025	$200.00	Hold → Buy	Loop Capital
11/8/2024	$200.00 → $190.00	Buy → Hold	Loop Capital
5/13/2024	$190.00 → $221.00	Equal Weight → Overweight	Wells Fargo
12/8/2023	$158.00	Neutral	Citigroup
11/9/2022	$227.00 → $175.00	Overweight → Equal Weight	Wells Fargo
9/6/2022	$181.00 → $246.00	Neutral → Buy	Rosenblatt
4/19/2022	$180.00	Neutral	Rosenblatt
3/2/2022	$187.00 → $216.00	Buy	Deutsche Bank

More analyst ratings

SEC Form SC 13G/A filed by Nexstar Media Group Inc. (Amendment)

2/9/22 9:22:52 AM ET

$NXST

Broadcasting

Industrials

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Recent Analyst Ratings for

$NXST

Date	Price Target	Rating	Analyst
2/28/2025	$200.00	Hold → Buy	Loop Capital
11/8/2024	$200.00 → $190.00	Buy → Hold	Loop Capital
5/13/2024	$190.00 → $221.00	Equal Weight → Overweight	Wells Fargo
12/8/2023	$158.00	Neutral	Citigroup
11/9/2022	$227.00 → $175.00	Overweight → Equal Weight	Wells Fargo
9/6/2022	$181.00 → $246.00	Neutral → Buy	Rosenblatt
4/19/2022	$180.00	Neutral	Rosenblatt
3/2/2022	$187.00 → $216.00	Buy	Deutsche Bank

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SEC Form SC 13G/A filed by Nexstar Media Group Inc. (Amendment)

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Insider Trading

Director Johnson Ellen Tobi converted options into 571 shares (SEC Form 4)

President & COO Biard Michael converted options into 6,250 shares and covered exercise/tax liability with 2,460 shares, increasing direct ownership by 53% to 11,008 units (SEC Form 4)

EVP, Chief Financial Officer Gliha Lee Ann converted options into 2,500 shares and covered exercise/tax liability with 984 shares, increasing direct ownership by 12% to 14,342 units (SEC Form 4)

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SEC Filings

Nexstar Media Group Inc. filed SEC Form 8-K: Regulation FD Disclosure

Nexstar Media Group Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Nexstar Media Group Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

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Analyst Ratings

Nexstar upgraded by Loop Capital with a new price target

Nexstar downgraded by Loop Capital with a new price target

Nexstar upgraded by Wells Fargo with a new price target

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Press Releases

Nexstar Media Group to Report 2025 Third Quarter Financial Results, Host Conference Call and Webcast on November 6

PBA AND THE CW NETWORK ANNOUNCE 2026 TOUR SCHEDULE

"Jimmy Kimmel Live!" to Return to Nexstar's ABC Affiliated Television Stations

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PBA AND THE CW NETWORK ANNOUNCE 2026 TOUR SCHEDULE

Broadcast Partners Announce Conrad Clemson as Chief Executive Officer of EdgeBeam Wireless

AVP Strikes Historic Multi-Year Broadcast Agreements with CBS Sports and The CW Network

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Financials

Nexstar Media Group to Report 2025 Third Quarter Financial Results, Host Conference Call and Webcast on November 6

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Nexstar Media Group Reports Second Quarter Net Revenue of $1.23 Billion

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Large Ownership Changes