Item 7.01. Regulation FD Disclosure.
On September 2, 2020, Nexstar Media Group, Inc. (the "Company" or "Nexstar")
issued a press release announcing that its Board of Directors has approved an
expansion of the Company's share repurchase authorization for up to an
additional $300 million of repurchases of its Class A common stock. The
expansion brings the total capacity under Nexstar's share repurchase program to
approximately $384.2 million when combined with the approximate $84.2 million
remaining under its prior authorization as of June 30, 2020. Repurchases by the
Company will be subject to available liquidity, general market and economic
conditions, alternate uses for the capital and other factors. Share repurchases
may be made from time to time in open market transactions, block trades or in
private transactions in accordance with applicable securities laws and
regulations and other legal requirements, including compliance with the
Company's finance agreements. There is no minimum number of shares that the
Company is required to repurchase and the repurchase program may be suspended or
discontinued at any time without prior notice. All shares purchased will be held
in the Company's treasury for possible future use. The Company anticipates
funding any share repurchases from its cash flow from operations. A copy of the
press release is attached hereto as Exhibit 99.1 to this Current Report and is
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release issued on September 2, 2020
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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