/ 2 items

#NXST↓

TGNA/ 11/24/2025 · 2:44 PM

Trump Opposition Sinks Tegna Stock as TV Merger Deal Faces Uncertainty

Tegna shares dropped 4% after Trump opposed FCC ownership cap changes, threatening Nexstar's $6.2B acquisition and creating turmoil in TV broadcasting consolidation plans.

NXST/ 08/19/2025 · 11:41 AM

Nexstar Acquires Tegna, Expanding Broadcast Reach

Nexstar is acquiring Tegna for $6.2B cash ($22/share), expanding its reach to 80% of US homes. This consolidates local media, testing eased regulations and aiming for $300M synergies to compete with Big Tech. Expected to close H2 2026.