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Nexstar to acquire Tegna in major media deal

PUBLIC · NXSTNov 06, 2025•9 months ago

Acquiring Company

Nexstar Media Group

Acquired Company

Tegna

Irving

IllinoisBroadcastingMedia ProductionMedia And EntertainmentDigital MediaBroadcasting

Description

Nexstar Media Group is in the final stages of acquiring Tegna Inc. This acquisition is expected to significantly enhance Nexstar's market reach, with a combined revenue projected to exceed $8 billion. The merger aims to generate approximately $300 million in synergies and strengthen Nexstar's position within the broadcast industry.

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 Tegna?

Tegna was acquired by Nexstar Media Group, based in Irving. The deal was reported on November 6, 2025. Nexstar Media Group, Inc. Nexstar Media Group is publicly traded (NXST) and operates in Broadcasting.

When did Nexstar Media Group acquire Tegna?

Nexstar Media Group's acquisition of Tegna was reported on November 6, 2025. Nexstar Media Group is in the final stages of acquiring Tegna Inc. This acquisition is expected to significantly enhance Nexstar's market reach, with a combined revenue projected to exceed $8 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Tegna do?

Tegna Inc. is a media company that owns and operates television stations and provides digital media services. It is known for its commitment to local journalism and delivering reliable content to its viewers. Tegna serves various markets across the country. It is privately held, operating in Media And Entertainment, and is based in Illinois.