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The Federal Communications Commission said on Thursday it has approved the sale of some local broadcast TV stations from Tegna to Nexstar.
The FCC has approved Nexstar's merger with Tegna, less than a day after California and other state attorneys general filed suit to block the transaction. The merger, which will create a broadcast station giant, was given the greenlight by the agency's Media Bureau. The agency also granted Nexstar a waiver from an ownership cap.
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that it has closed its acquisition of TEGNA Inc. following approval of the transaction from the Federal Communications Commission (FCC) and the United States Department of Justice (DOJ). Nexstar's Founder, Chairman, and Chief Executive Officer, Perry Sook commented: “This transaction is essential to sustaining strong local journalism in the communities we serve. By bringing these two outstanding companies.
The U.S. Department of Justice has unconditionally cleared Nexstar's $3.5 billion deal to acquire rival Tegna , Bloomberg News reported on Thursday, citing people familiar with the matter.
Eight state attorneys general have filed an antitrust suit against the $6.2 billion Nexstar-Tegna merger, which the Trump administration backed after Nexstar moved to suspend Kimmel's show.
Less than a day after a group of states sued to block Nexstar's proposed acquisition of Tegna, creating a broadcasting giant, DirecTV has filed an antitrust claim to stave off the transaction. The lawsuit, filed in U.S.
A group of eight states filed suit late Wednesday in U.S. District Court in California to block Nexstar's proposed $3.54 billion acquisition of Tegna that would make the combined entity the largest U.S. broadcast station group.
Cinctive Capital Management LP lifted its holdings in Nexstar Media Group, Inc. (NASDAQ: NXST) by 14.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 25,496 shares of the company's stock after acquiring an additional 3,180 shares during the quarter. Cinctive Capital Management
Nexstar Media Group, Inc. (NXST) Presents at Deutsche Bank 34th Annual Media, Internet & Telecom Conference Transcript
Citigroup Inc. reduced its position in shares of Nexstar Media Group, Inc. (NASDAQ: NXST) by 37.2% during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,842 shares of the company's stock after selling 7,604 shares during the quarter. Citigroup
Palo Alto, California--(Newsfile Corp. - March 6, 2026) - A smart ore selection technology company from China made its global debut today in Silicon Valley. Nexstar Mining (Shanghai) Mining Technology Co., Ltd.
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Inc. (the “Offeror”), a wholly owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar Media Group”), announced today the commencement of an offer to purchase for cash (the “Tender Offer”) any and all of TEGNA Inc.'s (NYSE: TGNA) (the “Company”) outstanding 5.000% Senior Notes due 2029 (the “Notes”). In conjunction with the Tender Offer, the Offeror is soliciting consents (the “Consent Solicitation”) from holders of the Notes (each, a.
Nexstar Media Group, Inc. (NXST) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
Nexstar Media Group remains a hold as the Tegna acquisition faces significant regulatory hurdles and legal uncertainties. NXST's 2025 results were impacted by the absence of election-year advertising and a $381M impairment, but underlying operations remain stable. At a non-GAAP forward P/E of 8.21, NXST appears undervalued versus peers, contingent on sustained performance and regulatory outcomes.
Nexstar Media Group, Inc. (NXST) Q4 2025 Earnings Call Transcript
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) ("Nexstar" or the "Company") today reported financial results for the fourth quarter ended December 31, 2025 as summarized below. Please visit Nexstar's website to view the full press release. STATEMENT FROM PERRY A. SOOK, FOUNDER, CHAIRMAN AND CEO “Nexstar delivered another quarter and year of solid financial results, while taking bold steps to better compete with big tech and big media by reinforcing our position as the.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Channing Capital Management LLC decreased its holdings in shares of Nexstar Media Group, Inc. (NASDAQ: NXST) by 26.7% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 356,709 shares of the company's stock after selling 130,171 shares during the
Added 24,243 shares of Nexstar; estimated $4.73 million trade value based on quarterly average pricing. Quarter-end position value rose by $5.50 million, reflecting both additional shares and price appreciation.
The chair of the Federal Communications Commission said Wednesday he supports Nexstar's proposed $3.54 billion acquisition of Tegna that would make the combined entity the largest U.S. regional TV station operator.