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Nexstar acquires TEGNA for $6.2 billion

PUBLIC · NXSTOct 15, 2026

Acquiring Company

Nexstar Media Group

Acquired Company

TGNA

IrvingTysons CornerMedia And EntertainmentInternetPublishingNewsDigital MediaBroadcastingMedia ProductionAdvertisingMarketing

Description

Nexstar Media Group is acquiring TEGNA for a total of $6.2 billion, marking a significant deal in the media industry. A federal appeals court is currently evaluating an injunction that requires both companies to operate separately during an ongoing antitrust case. Nexstar aims to nullify the injunction while managing its operations with TEGNA amidst legal scrutiny. The acquisition has raised concerns regarding compliance with federal broadcast ownership laws.

Company Information

Company

Nexstar Media Group

Location

Irving, Texas, United States

About

Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Its wholly owned operating subsidiary, Nexstar Media Inc., consists of three divisions: Broadcasting, Digital, and Networks. The Broadcasting Division operates, programs, or provides sales and other services to 199 television stations and related digital multicast signals reaching 116 markets or approximately 39% of all U.S. television households (reflecting the FCC’s UHF discount). The division’s portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. The Digital Division operates 120 local websites and 284 mobile apps offering hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content and creating new revenue opportunities for the company. The Networks Division operates NewsNation, formerly WGN America, a national news and entertainment cable network reaching 75 million television homes, multicast network Antenna TV, and WGN Radio in Chicago. Nexstar also owns a 31.3% ownership stake in TV Food Network, a top tier cable asset. For more information, please visit www.nexstar.tv.

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Frequently asked

Who acquired TGNA?

TGNA was acquired by Nexstar Media Group, based in Irving. The deal was reported on October 15, 2026. Nexstar Media Group, Inc. Nexstar Media Group is publicly traded (NXST) and operates in Media And Entertainment.

When did Nexstar Media Group acquire TGNA?

Nexstar Media Group's acquisition of TGNA was reported on October 15, 2026. Nexstar Media Group is acquiring TEGNA for a total of $6.2 billion, marking a significant deal in the media industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does TGNA do?

TGNA was the stock ticker for TEGNA Inc. before the completed cash merger. The company's operations were heavily focused on media and broadcasting services across the United States. It is privately held, operating in Advertising, and is based in Tysons Corner.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.