Nexstar Media Group Stock News

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 has long-advocated for loose...

Another day, another major media merger. The Nexstar Media Group, already the largest owner of broadcast television stations in the U.S., announced yesterday that they will be purchasing Tegna, Inc. for $6.2 billion.

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of TEGNA Inc. (NYSE: TGNA) to Nexstar Media Group, Inc. (NasdaqGS: NXST). Under the terms of the proposed transaction, shareholders of TEGNA will receive $22.00 in cash for each share of TEGNA that they ow...

Nexstar beat out rival Sinclair, which was offering between $25 and $30 per share, significantly above Nexstar's winning bid.

Nextstar is looking to buy Tegna in a $6.2 billion cash deal — but will the FCC allow it despite a conflict with current TV ownership rules?

Nexstar Media Group has announced the acquisition of rival TV station operator Tegna for $6.2 billion, marking one of the year's most substantial and strategic deals in the media sector. The agreement is set to reshape the US local television landscape, tripling Nexstar's reach and consolidating coverage over 80% of American TV households.

Nexstar, the largest TV station operator in the country, will pay $22 a share for its smaller rival.

Nexstar Media has agreed to buy smaller rival Tegna for $3.54 billion, creating a local-TV powerhouse that seeks to compete better with Big Tech and national media for advertising dollars.