TEGNA
TEGNA ($TGNA) is a local broadcast company that operates more than five dozen local television stations in 66 markets across the country. The company is based in Arlington County, Virginia.
Until 2015, TEGNA was part of Gannett Company.
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.
FIRST ON THE DESK
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.
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.
FIRST ON THE DESK
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.
EARNINGS REPORT
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.
FIRST ON THE DESK
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.
EARNINGS REPORT
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.
FIRST ON THE DESK
FCC’s Gomez says Nexstar-TEGNA deal should get full panel vote
Gomez argued the deal conflicts with the 39 percent national ownership cap and shouldn't be scrutinized only by the Media Bureau.
FIRST ON THE DESK