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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.
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.
Sold 1,678,588 shares of TEGNA; estimated trade value was $34.30 million based on quarterly average pricing. Quarter-end position value declined by $34.30 million, reflecting both the share sale and price movement over the period.
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TGNA rises after Q4 earnings and revenues beat estimates, despite sharp year-over-year declines tied to a steep drop in political advertising.
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.
Although the revenue and EPS for TEGNA (TGNA) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
TEGNA Inc. (TGNA) came out with quarterly earnings of $0.5 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $1.21 per share a year ago.
Achieves or exceeds all previously announced full-year 2025 guidance metrics On track to complete proposed acquisition by Nexstar Media Group by the second half of 2026, subject to regulatory approvals and customary closing conditions MCLEAN, Va., March 02, 2026 (GLOBE NEWSWIRE) -- TEGNA Inc. (NYSE: TGNA) today announced financial results for the fourth quarter and full-year 2025, ended December 31, 2025.
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.
TYSONS, Va., Feb. 26, 2026 (GLOBE NEWSWIRE) -- TEGNA Inc.'s (NYSE: TGNA) Board of Directors declared a regular quarterly dividend of 12.5 cents per share, payable on April 1, 2026, to shareholders of record as of the close of business on March 10, 2026.
BCK Capital Management LP bought a new stake in TEGNA Inc. (NYSE: TGNA) during the undefined quarter, according to its most recent Form 13F filing with the SEC. The firm bought 95,938 shares of the company's stock, valued at approximately $1,950,000. TEGNA accounts for about 2.1% of BCK Capital Management LP's holdings, making
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.
ABC Arbitrage SA purchased a new position in shares of TEGNA Inc. (NYSE: TGNA) in the undefined quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 309,451 shares of the company's stock, valued at approximately $6,291,000. ABC Arbitrage SA owned about 0.19% of TEGNA as
A significant FCC rule change is needed for the deal to go through, and opponents say that requires an act of Congress. Trump initially opposed the deal but now says he is for it.
Stock News Japan rally on election landslide: Japanese stocks hit record highs after Prime Minister Sanae Takaichi's coalition secured a two-thirds lower-house