News

Tegna, Nexstar

Tegna Stock Soars 30% on Reports of Nexstar Buy Talks. Why It Makes Sense.
Spokespeople for both companies declined to comment on a potential deal, but speculation was still driving shares higher.
Tegna Stock Surges Over 28% on Nexstar Acquisition Talks
The former owns and operates 64 television stations in 51 markets, while, Nexstar has more than 200 owned or partner stations
TV broadcaster Nexstar in advanced talks to acquire rival Tegna, source says
Television broadcaster Nexstar Media Group is in advanced talks to acquire rival Tegna , a person familiar with the matter told Reuters on Friday.
Tegna Shares Soar on WSJ Report of Sale Talks With Nexstar
Shares of Tegna rose in late trading after The Wall Street Journal reported that Nexstar Media Group was in advanced talks to acquire its television operator rival. Tegna's shares were up 29% to $19.82 after closing Friday at $15.31, while Nexstar's stock was down 4.4% to $178.51 after closing at $186.80.
Nexstar May Be Nearing Deal for Tegna
The company has a market valuation of about $2.42 billion, compared with Nexstar's $5.56 billion, according to LSEG data.
Tegna may see $22/share in potential sale to Nexstar - analyst
Tegna (NYSE:TGNA) may see $22 a share in a possible sale to Nexstar (NASDAQ:NXST) after reports late Friday about takeover talks, according to a Wells Fargo analyst. "Our most-probable scenario is $22/sh w/ 19% accretion to NXST's FCF/sh (incl.

Nexstar-TEGNA: A Potential Win-Win, But With Regulatory Hurdles

TEGNA stock soars on Nexstar Media acquisition rumors. See why I maintain a Buy rating on TGNA and seeing upside for both ...

These Stocks Moved the Most Today: C3.ai, Coinbase, Monday.com, Avantor, Tegna, Nvidia, Albemarle, and More

Coinbase and MicroStrategy rose along with the price of Bitcoin, while C3.ai and Monday.com sank on the heels of quarterly ...
The Buffalo News18h

Alan Pergament: Nexstar potential acquisition of Tegna could have big impact on top 2 Buffalo stations

Nexstar owns 200 stations in 116 markets. They include CBS affiliate WIVB and WNLO-TV, a little-watched CW affiliate, in ...
TV Tech17h

Analyst: Consolidation Isn’t a Quick Fix for TV Station Ad Woes

Larger station groups will still face an ongoing shift of ad dollars from TV to digital according to Madison & Wall ...

Uvalde shooter's disciplinary files released

The release is part of a lawsuit filed by TEGNA Texas, which includes this station, and several other media outlets.
Reuters1y

Tegna Inc - Reuters

U.S. TV station operator Tegna Inc will be acquired by Standard General for $5.4 billion in an all-cash deal, ending a years-long battle by the shareholder.

Records that could shine new light on response to Uvalde mass shooting expected to be released

We should learn more this week about the response to the mass shooting at Robb Elementary School in Uvalde that left 19 ...

Nexstar-Tegna deal will provide scale at the local TV level, says CNBC founder Tom Rogers

Tom Rogers, CNBC founder and Versant senior advisor, joins 'Power Lunch' to discuss Nexstar's deal with Tegna, if other ...