Nexstar to Acquire Tegna for $3.54 Billion Amid Regulatory Review
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy NXST?
Source: stocktwits
- Acquisition Overview: Nexstar has agreed to acquire Tegna for $3.54 billion, with plans to close the deal in the second half of 2026, contingent upon regulatory approval to bypass the statutory ownership cap.
- Positive Market Reaction: Following President Trump's public endorsement of the merger, Nexstar's shares rose over 0.5%, while Tegna's shares jumped nearly 5% in early premarket trading, indicating bullish market sentiment towards the deal.
- Competitive Landscape Shift: This acquisition will position Nexstar as the largest regional TV station operator in the U.S., controlling over 200 stations compared to Tegna's 64, which is expected to enhance competitive dynamics in the media sector.
- Trump's Position Shift: Trump, who previously opposed relaxing the FCC's ownership cap, has now expressed support for the deal, suggesting that “good deals” will foster competition and alter the media landscape, although the reasons for his change in stance remain unclear.
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Analyst Views on NXST
Wall Street analysts forecast NXST stock price to fall
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 235.280
Low
204.00
Averages
232.25
High
250.00
Current: 235.280
Low
204.00
Averages
232.25
High
250.00
About NXST
Nexstar Media Group, Inc. is a diversified media company with television broadcasting, television network and digital media assets operating in the United States. The Company produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. The Company’s reportable broadcast segment includes television stations and related local websites that Nexstar owns, operates, programs or provides sales and other services to in various markets across the United States, NewsNation, a national cable news network, two owned and operated multicast networks and other multicast network services, and WGN-AM, a Chicago radio station. The other operating segments, The CW and digital businesses, focused on the national marketplace. The Company’s portfolio of digital assets, including its local TV station websites, The Hill and NewsNationNow.com. Its national television properties include The CW, NewsNation, Antenna TV, and Rewind TV.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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