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.
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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Nexstar posts $83 million profit in 2025, despite lower overall revenue
Nexstar’s Q4 revenue fell on lower political ads, while distribution gains and non-political growth provided some offset.
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Nexstar lays off workers at KTLA, WPIX amid push for TEGNA merger
Nexstar Media Group has issued layoff notices to around a dozen on-air workers at television stations in the country's two biggest TV markets.
Layoffs hit WGN newsroom as Nexstar lobbies for media consolidation
The company argues consolidation is needed to compete with streaming rivals, but critics cite prior newsroom cuts and market consolidation.
Lawmakers: Nexstar-TEGNA deal will raise cable fees by $135 million
The lawmakers said further consolidation would harm Black and minority communities by shrinking local newsrooms and reducing civic representation.
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