Nexstar Media Group
Nexstar Media Group ($NXST) is one of the biggest operators of local broadcast television stations in the United States. In addition to more than 160 local stations, Nexstar Media Group operates NewsNation (formerly WGN America), LIN Digital, Zap2It and Antenna TV. The company shares ownership of the Food Network and Cooking Channel with Discovery Networks. Nexstar is based in Irving, Texas.
California, other states sue to block Nexstar-TEGNA merger
The attorneys general of California and eight other states have filed a federal lawsuit seeking to block Nexstar Media Group's proposed $6 billion acquisition of peer broadcaster TEGNA.
Opponents of Nexstar-TEGNA merger accuse CEO of “doublespeak”
Two organization said Nexstar CEO Perry Sook’s comments to investors contradict claims made to regulators about market challenges and economic studies.
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Nexstar to produce California gubernatorial debate
The debate will air statewide across Nexstar stations and be moderated by anchors from Sacramento and Los Angeles.
Report: Nexstar wants $2.75 billion bank loan for TEGNA acquisition
A group of major banks led by Bank of America are arranging a $2.75 billion leveraged loan to help finance Nexstar Media Group’s proposed acquisition of TEGNA.
CWA to make five proposals to Nexstar shareholders
Measures include proxy access for board nominations, the ability for shareholders to call special meetings and limits on poison pill provisions.
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Nexstar launches “Invest in America” news series as company await approval for TEGNA deal
Nexstar has launched a nation-wide news initiative that spotlights economic development and infrastructure investments.
States may sue to block Nexstar-TEGNA deal
The transaction still requires DOJ review, and approval may hinge on FCC ownership rule changes, waivers or station divestitures.
TEGNA pays $6,000 to settle FCC probe over public inspection files
TEGNA will pay $6,000 to settle an investigation over delayed public inspection reports related to one of its local TV stations.
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Optimum says FCC should review rule banning substitute broadcast signals during blackouts
The cable operator warned Nexstar’s proposed $6 billion TEGNA acquisition could drive higher retransmission fees and more blackouts for subscribers.
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TEGNA ad revenue climbs 4 percent during Q4; distribution income dips
Executives at TEGNA say the company's deal to be acquired by Nexstar should cross the finish line by the second half of this year.
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Gray Media CEO: Optimistic FCC will approve local TV swaps, acquisitions
Gray Media CEO Hilton Howell, Jr. says the company is optimistic about its own business deals and those involving other broadcasters, saying the regulatory environment is favorable to consolidation.
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Nexstar CEO: TEGNA deal expected to close in late 2026, station sales possible
Nexstar has provided federal and state regulators with proprietary information about its proposed acquisition of TEGNA; it could be required to sell off some stations to close the deal.
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