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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues [Abstract]        
Net revenue $ 1,118,203 $ 663,575 $ 3,124,658 $ 1,939,234
Operating expenses (income):        
Direct operating expenses, excluding depreciation and amortization 423,091 322,327 1,284,789 911,234
Selling, general and administrative expenses, excluding depreciation and amortization 226,544 183,083 638,171 469,501
Amortization of broadcast rights 31,968 18,452 104,916 46,749
Amortization of intangible assets 69,265 42,443 209,360 115,538
Depreciation 36,611 29,363 107,787 84,890
Reimbursement from the FCC related to station repack (12,873) (20,417) (51,347) (54,020)
Goodwill and intangible assets impairment   63,317   63,317
Gain on disposal of stations and entities, net   (96,608) (7,025) (96,608)
Change in the estimated fair value of contingent consideration attributable to a merger     3,933  
Gain on relinquishment of spectrum     (10,791)  
Total operating expenses 774,606 541,960 2,279,793 1,540,601
Income from operations 343,597 121,615 844,865 398,633
Income on equity investments, net 15,861 3,217 41,351 2,061
Interest expense, net (77,265) (93,199) (260,800) (197,519)
Loss on extinguishment of debt (37,371)   (44,848) (3,724)
Pension and other postretirement plans credit, net 10,761 2,578 32,285 5,378
Other (expenses) income, net (1,093) 118 (778) 209
Income before income taxes 254,490 34,329 612,075 205,038
Income tax expense (65,177) (39,507) (166,927) (82,594)
Net income (loss) 189,313 (5,178) 445,148 122,444
Net loss (income) attributable to noncontrolling interests 1,371 (669) 2,046 (5,397)
Net income (loss) attributable to Nexstar Media Group, Inc. $ 190,684 $ (5,847) $ 447,194 $ 117,047
Net income (loss) per common share attributable to Nexstar Media Group, Inc.:        
Basic $ 4.24 $ (0.13) $ 9.87 $ 2.54
Diluted $ 4.08 $ (0.13) $ 9.50 $ 2.44
Weighted average number of common shares outstanding:        
Basic 44,979 46,114 45,313 45,997
Diluted 46,737 46,114 47,064 47,919