The Nexstar–Tegna merger is being challenged in the courts on a number of fronts, but in the meantime it’s the source of a political clash between California Governor Gavin Newsom and FCC Chairman Brendan Carr. The merger, which would create a broadcast giant of nearly 260 stations across the country, got clearance from the FCC and the Justice Department last week. Nexstar then quickly announced that its deal to acquire Tegna had closed. In giving the deal the greenlight, the FCC’s Media Bureau granted Ne ...

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 that there will be an Early Settlement Date on March 25, 2026 (the "Early Settlement Date†) for the TEGNA Inc.'s 5.000% Senior Notes due 2029 (the "Notes†) that were tendered by the Early Tender Deadline (as defined below) as part of the previously announced offer to purchase for cash (the "Tender Offer†) any and all o. ...

As state attorneys seek to stop Nexstar‘s merger with Tegna, a new group is appealing the FCC‘s greenlight to the massive broadcast merger, calling out Donald Trump‘s “unprecedented presidential directive” to “Get That Deal Done!” The plaintiffs in the case include Newsmax and a collection of state cable and broadband associations, including ones in Pennsylvania, Washington, Indiana, Mississippi and Tennessee. DirecTV, which has already filed a separate antitrust lawsuit, is also seeking to join the new la ...

Eight states asked a US judge on Friday to issue a temporary restraining order to stop a $3.5bn merger of Nexstar Media Group and Tegna.On Thursday, the local broadcast station owners received merger approval from the Federal Communications Commission (FCC) and the US Department of Justice and said they had closed the transaction two hours after approval, the day after the states filed their lawsuit.The states argue that the deal, which would create the largest broadcast station group in the US, would “put ...

Nexstar, which owns KTLA-TV Channel 5 in Los Angeles, this week received FCC approval to grow to 265 stations. (Gary Coronado/Los Angeles Times) California Atty. Gen. Rob Bonta is asking a judge to unravel Nexstar Media Group's $6.2-billion acquisition of rival TV station owner Tegna — the latest in a flurry of merger twists. Nexstar announced late Thursday that it had consummated the Tegna takeover — despite a lawsuit that Bonta and seven other Democratic state attorneys general had filed in federal cour ...

Core Insights - The Vita Coco Company Inc. will replace TEGNA Inc. in the S&P SmallCap 600 effective March 25, 2026, following Nexstar Media Group's acquisition of TEGNA [1][2]. Group 1: Company Changes - The Vita Coco Company will be added to the S&P SmallCap 600 index under the ticker COCO in the Consumer Staples sector [2]. - TEGNA will be removed from the S&P SmallCap 600 index under the ticker TGNA in the Communication Services sector [2]. Group 2: Index Information - S&P Dow Jones Indices is recognized as the largest global resource for index-based concepts, data, and research, managing iconic financial market indicators [2][3].

Eight states ask US judge to temporarily block Nexstar, Tegna merger | Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv A view of the U.S. Department of Justice, after U.S. President Donald Trump and members of his family sued the IRS and the U.S. Treasury Department for $10 billion for disclosing their tax... Purchase Licensing Rights, opens new tabRead more Companies Nexstar Media Group Inc Follow Tegna Inc The states argue that th ...

Core Viewpoint - Nexstar Media Group has successfully completed its $6.2 billion acquisition of Tegna, despite facing antitrust lawsuits, which consolidates over 260 local broadcast TV affiliate stations across the U.S. [1] Group 1: Acquisition Details - The merger is valued at $6.2 billion and aims to enhance local journalism and programming capabilities [1][3] - The acquisition was initially announced in August and was expected to close in the second half of 2026 [4] Group 2: Industry Context - The broadcast station industry is experiencing consolidation due to challenges similar to those faced by cable and entertainment media, particularly the decline in pay-TV customers due to streaming services [2] - Broadcast station owners are profitable due to substantial fees from pay-TV distributors, and they argue that consolidation is necessary to preserve local TV news [5] Group 3: Regulatory Approval and Legal Challenges - The deal received approval from the FCC and DOJ, which waived laws preventing a single company from owning stations reaching over 39% of U.S. TV households [6] - Two federal antitrust lawsuits have been filed to block the merger, claiming it is anticompetitive and could lead to increased customer costs and reduced competition [7][8]

A report said the Trump administration is considering plans to occupy or blockade Iran's Kharg Island to pressure Iran to reopen ‌the Strait of ⁠Hormuz.Crude ⁠prices rose, reversing all the losses recorded since major European nations, Japan and the United States hinted at efforts to boost energy supply. Brent ​crude prices were last up 1.7% at over $110 a barrel.The CBOE volatility index, sometimes referred to as Wall Street's fear gauge, ​edged up 1.72 points to 25.78. Futures tracking the rate-sensitive ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Up for a challenge? Test your knowledge on the biggest events in the investing world over the past week. Take the latest Seeking Alpha News Quiz and see how you stack up against the competition. Good morning! Here's the latest in trending:Big tumble: Super Micro Computer (SMCI) sank 25% premarket after three individuals, including a co-founder, were charged in a Nvidia ...