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OFFON

NEXSTAR MEDIA GROUP, INC.

(NXST)
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NEXSTAR MEDIA GROUP, INC. : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

09/02/2020 | 07:19am EDT

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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