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Nexstar Media Group, Inc., Closes Acquisition of TEGNA Inc.
Businesswire· 2026-03-19 23:00
Core Viewpoint - Nexstar Media Group, Inc. has successfully completed the acquisition of TEGNA Inc. after receiving necessary approvals from the Federal Communications Commission (FCC) and the U.S. Department of Justice (DOJ) [1][2] Group 1: Acquisition Details - The acquisition is aimed at enhancing local journalism and strengthening Nexstar's position in the media landscape [2] - Nexstar's CEO, Perry Sook, emphasized that the merger will create a more dynamic enterprise with improved assets, capabilities, and talent [2] Group 2: Financial Performance - Nexstar reported a fourth-quarter net revenue of $1.29 billion for the period ending December 31, 2025 [5] Group 3: Future Initiatives - Nexstar Media Inc., a subsidiary of Nexstar Media Group, announced a tender offer for TEGNA Inc.'s outstanding 5.000% Senior Notes due 2029 [4]