Nexstar Media Group, Inc. (NXST) Presents at Citi's 2026 Global TMT Conference Transcript

Nexstar Media Group, Inc. (NXST) Citi's 2026 Global TMT Conference September 8, 2026 9:30 AM EDT Company Participants Perry Sook - Founder, Chairman & CEOLee Gliha - Executive VP & CFO Conference Call Participants Jason Bazinet - Citigroup Inc., Research Division Presentation Jason BazinetCitigroup Inc., Research Division Very pleased to have Nexstar Media with us today, both Perry Sook, CEO of Nexstar; and Lee Ann Gliha, CFO. Thank you both for coming. Perry SookFounder, Chairman & CEO Thanks for having us. Question-and-Answer Session So I want to start -- this is sort of a dumb question, but maybe an easy question for you to answer. When I look at all of the TV station broadcasters out there, you guys seem to be operating better than anyone. And I don't quite understand what it is that makes you different. Like at some level, like the business -- don't take this wrong way, it doesn't seem like it's the most complicated business. And the corollary is there don't seem to be as many degrees of freedom, right? It's not like there's a new product cycle or some -- but yet you guys have distinguished yourself. And so I just want to start right there. What is it about your mindset or philosophy or the way you run the business that has allowed you to become distinctive among all the broadcasters? Well, I will give you top of the waves from my perspective, and then I'll let Lee Ann, who just celebrated a recent anniversary with the company who came in with fresh eyes that maybe her perspective would even be more interesting to you. But from our -- from my perspective, first and foremost, I came out of sales and management. So we