TEGNA Shareholders Give Green Light to Merger with Nexstar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2025
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Shareholder Approval: TEGNA shareholders voted overwhelmingly (approximately 98%) in favor of the merger agreement with Nexstar Media Group at a special meeting, representing about 83% of the total outstanding shares as of October 10, 2025.
Transaction Timeline: The merger is expected to close in the second half of 2026, pending regulatory approvals and customary closing conditions, after which TEGNA will become a subsidiary of Nexstar and its shares will be delisted from the New York Stock Exchange.
Analyst Views on NXST
Wall Street analysts forecast NXST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NXST is 232.25 USD with a low forecast of 204.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 218.290
Low
204.00
Averages
232.25
High
250.00
Current: 218.290
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.
