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A federal judge on Friday evening granted a temporary restraining order to halt Nexstar's merger with Tegna, a transaction that creates a broadcasting giant with almost 270 stations across the country. U.S. District Judge Troy Nunley sided with DirecTV, which is seeking to block the merger, arguing that it violates antitrust laws.
A U.S. judge late Friday ordered Nexstar to temporarily keep Tegna's assets separate pending a review of whether the broadcast station owner's $3.54 billion acquisition of its rival Tegna violates federal antitrust laws.
The Nexstar-Tegna merger is being challenged in the courts on a number of fronts, but in the meantime it's the source of a political clash between California Governor Gavin Newsom and FCC Chairman Brendan Carr.
As state attorneys seek to stop Nexstar's merger with Tegna, a new group is appealing the FCC's greenlight to the massive broadcast merger, calling out Donald Trump's “unprecedented presidential directive” to “Get That Deal Done!” The plaintiffs in the case include Newsmax and a collection of state cable and broadband associations, including ones in Pennsylvania,
States argue deal would create largest broadcast station group in US, cut jobs and increase consumers' cable bills
NEW YORK, March 20, 2026 /PRNewswire/ -- The Vita Coco Company Inc. (NASD: COCO) will replace TEGNA Inc. (NYSE: TGNA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, March 25. S&P MidCap 400 constituent Nexstar Media Group Inc. (NASD: NXST) has acquired TEGNA in a deal that closed today, March 20.
The states have previously argued the deal would result in too much concentration in some local TV markets.
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Inc. (the “Offeror”), a wholly owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar Media Group”), announced today the commencement of an offer to purchase for cash (the “Tender Offer”) any and all of TEGNA Inc.'s (NYSE: TGNA) (the “Company”) outstanding 5.000% Senior Notes due 2029 (the “Notes”). In conjunction with the Tender Offer, the Offeror is soliciting consents (the “Consent Solicitation”) from holders of the Notes (each, a.
Achieves or exceeds all previously announced full-year 2025 guidance metrics On track to complete proposed acquisition by Nexstar Media Group by the second half of 2026, subject to regulatory approvals and customary closing conditions MCLEAN, Va., March 02, 2026 (GLOBE NEWSWIRE) -- TEGNA Inc. (NYSE: TGNA) today announced financial results for the fourth quarter and full-year 2025, ended December 31, 2025.
TYSONS, Va., Feb. 26, 2026 (GLOBE NEWSWIRE) -- TEGNA Inc.'s (NYSE: TGNA) Board of Directors declared a regular quarterly dividend of 12.5 cents per share, payable on April 1, 2026, to shareholders of record as of the close of business on March 10, 2026.
