Nexstar Media Group, Inc. (NXST) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

Michael Ng Goldman Sachs Group, Inc., Research Division Great. Well, good afternoon, everybody. Welcome to the Nexstar fireside chat at the Goldman Sachs Communacopia and Technology Conference. My name is Mike Ng, and I cover media cable telco here at the firm. And I have the privilege to introduce Nexstar Media Group's Founder, Chairman and CEO, Perry Sook, and then Nexstar's CFO, Lee Ann Gliha. Thank you so much for being here today. It's an absolute privilege to have you on stage here with us.

Perry Sook Founder, Chairman & CEO Great. Thank you for having us.

Michael Ng Goldman Sachs Group, Inc., Research Division To start off, Nexstar recently marked its 30th anniversary. Congratulations, growing from a single station in Scranton into the nation's largest local broadcaster, operating or servicing 265 full power stations across 132 markets. So to start things off, how would you characterize the operational performance and the overall health of the business today across local affiliates, the national networks and NewsNation and The CW as well as some of your emerging spectrum ventures?

Perry Sook Founder, Chairman & CEO Well, that's a lot. I'll see what I can do in the half hour that we have here. But I think -- first of all, I think of our company as a local media company, first and foremost, but with national scale and national scale aspirations in that what we do is the least sexy but most sticky and durable part of the media ecosystem, which is we provide a service, which is local content to local communities, and