NEW YORK (AP) — Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, bringing together two major players in U.S. television and the country’s local news landscape. If the transaction is approved, Nexstar will pay $22 in cash for each share of Tegna’s outstanding stock. And the regulatory greenlight could be likely under President Donald Trump’s administration, which …
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Nexstar Media Group buying Tegna in deal worth $6.2 billion
Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, which will help strengthen its local news offerings. The transaction, if approved, will bring together two major players in U.S. television and the country’s local news landscape. Nexstar oversees more than 200 owned and partner stations in 116 markets nationwide, including Denver’s Fox31, and also runs networks like The …
Read More »Nexstar agrees to buy Tegna for $6.2 billion, a massive consolidation of local TV stations
Facebook Tweet Email Link Nexstar, the biggest owner of US TV stations, is trying to get even bigger, believing the Trump administration will allow it to do so. On Tuesday, Nexstar announced a deal to acquire another broadcast station heavyweight, Tegna, in a $6.2 billion deal including debt. The deal will require government approval. Public interest groups say TV mega-mergers …
Read More »Nexstar to Acquire Tegna in $6.2 Billion Deal
In a deal to combine two major players in the local TV station biz, Nexstar Media Group said it reached an agreement to buy Tegna in a transaction valued at $6.2 billion. The purchase price is inclusive of Tegna’s net debt and estimated transaction fees and expenses. The deal, subject to regulatory approval including by the FCC, is expected to …
Read More »Nexstar Media Group, Inc. Enters into Definitive Agreement To Acquire TEGNA Inc. for $6.2 Billion in Accretive Transaction
Enhances Nexstar’s Position as a Leading Local Media Company Preserves High-Quality Local Journalism and Diversity of Opinion Strengthens Ability to Compete with Big Tech and Big Media Expected to Drive Increased Profitability and Returns for Nexstar Shareholders IRVING, Texas and TYSONS, Virginia (Aug. 19, 2025) – Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) and TEGNA Inc. (NYSE: TEGNA) (“TEGNA”) announced …
Read More »Exclusive | TV-Station Owner Sinclair Proposes Merger With Tegna – The Wall Street Journal
Exclusive | TV-Station Owner Sinclair Proposes Merger With Tegna The Wall Street Journal Sinclair Launches Comprehensive Strategic Review for Broadcast Business Sinclair, Inc TV Broadcaster Sinclair Said to Seek Merger With Rival Tegna Bloomberg.com Consolidation in TV Broadcasting: Strategic Mergers and Regulatory Shifts Drive Value Creation in Sinclair and Tegna AInvest Sinclair Seeks FCC OK For Another SSA Conversion Radio & Television Business Report Source …
Read More »Tegna Stock Rockets On Nexstar Acquisition Talks
Shares in local TV giant Tegna surged nearly 30% in mid-day trading Monday on news that leading station owner Nexstar is in advanced talks to acquire the company. A source familiar with the discussions confirmed them to Deadline. The valuation remains unclear for the time being, but it will be well into the billions. Tegna in 2023 had an $8.6 …
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