Nexstar Media Group reported a record net revenue of $1.49 billion for the fourth quarter of 2024, marking a 14.1% increase year-over-year. This growth was bolstered by a substantial rise in advertising revenue, which increased by 29.6% to $758 million. Political advertising played a significant role in this revenue boost, with spending reaching $254 million during the quarter. The company's net income for the period was $229 million. Additionally, Nexstar reaffirmed that its network, The CW, is projected to become profitable by 2026, attributing part of this strategy to the increase in sports programming, which now comprises 40% of its content. The company also mentioned that new cable and satellite agreements include favorable terms allowing for increased charges for access to its local TV channels and NewsNation in 2024.