Investments (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Equity Method Investments [Line Items]

Schedule of Investment

Investments in the Company’s Consolidated Balance Sheets as of December 31 consisted of the following (in millions):

	2022		2021
Equity method investments	$	1,115.3	$	1,208.9
Other equity investments		3.7		9.9
Total investments	$	1,119.0	$	1,218.8

Summary of Income on Equity Investments, Net

Income from equity method investments, net reported in the Company’s Consolidated Statements of Operations and Comprehensive Income for the years ended December 31 consisted of the following (in millions):

	2022			2021			2020
Income on equity investments, net, before amortization of basis difference	$	223.4		$	250.3		$	217.9
Amortization of basis difference		(70.0	)		(125.7	)		(147.7	)
Income on equity investments, net	$	153.4		$	124.6		$	70.2

TV Food Network [Member]

Schedule of Equity Method Investments [Line Items]

Summary of Financial Information

Summarized financial information for TV Food Network is as follows (in millions):

	Years Ended December 31,
	2022		2021		2020
Net revenue	$	1,298.3	$	1,339.7	$	1,286.6
Costs and expenses		582.7		536.8		591.6
Income from operations		715.6		802.9		695.0
Net income		724.3		810.2		704.0
Net income attributable to Nexstar Media Group, Inc.		226.7		253.4		220.3

	As of December 31
	2022		2021
Current assets	$	728.0	$	861.5
Noncurrent assets		421.1		409.3
Current liabilities		85.0		133.2
Noncurrent liabilities		0.3		0.4