In reporting their third quarter earnings, Nexstar took a bit hit in revenue.

In the third quarter, the company’s net revenue of $1.20 billion was $168 million less, year-over-year.

Nexstar says that the 12.3% drop was primarily due to lower political advertising revenue from last year.

Nexstar CEO, Perry Sook is pointing to the Tegna deal that he believes will make the company stronger.

“In the third quarter, we took a major step forward in shaping Nexstar’s future as we entered into a definitive agreement to acquire Tegna Inc. for $6.2 billion in a highly accretive transaction,” Sook said. “Looking forward, we are focused on completing our upcoming distribution renewals, closing our acquisition of TEGNA Inc., and capitalizing on the 2026 mid-term election political advertising opportunity, all of which we anticipate will drive shareholder value,” he added.

So look forward to more retrains pissing matches as Nexstar continues to try and get in viewers pockets.

Also, the Tegna deal will likely lead to large job cuts across the stations.

Remember, it’s not about you, it is all about the shareholder.