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TEGNA Shareholders Approve Merger Agreement with Nexstar Media Group
TEGNA shareholders approved Nexstar's $6 billion acquisition with 98% voting in favor, pending Federal Communications Commission review and regulatory approval.
- On Tuesday, TEGNA shareholders signaled approval of a proposed merger with Nexstar Media Group at a special, early‑morning meeting, with about 98% voting to approve the deal.
- Nexstar and TEGNA filed applications with the FCC seeking consent to transfer licenses and a waiver of the 39% ownership cap, which limits broadcasters' reach, as the companies said.
- Nexstar has long employed a structure that lets it operate stations without direct paper ownership, and Perry Sook, Nexstar chairman and CEO, said the company will work with regulators as they consider rule changes.
- Completion depends on FCC approval and other customary closing conditions, with the companies expecting the transaction to close by the second half of 2026 and a redacted filing publicly available.
- The FCC, under chairman Brendan Carr, has launched a review of the 39% cap, and Nexstar's recent programming choices drew attention as tactics seen by some as courting regulator favor.
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Nexstar Seeks FCC Approval of Tegna Acquisition, Requesting Waiver of 39% Ownership Cap Rule
Nexstar Media Group, seeking to clear its $6.2 billion deal for Tegna, officially filed applications Tuesday with the FCC that include a request for a waiver of the agency's 39% ownership cap for local TV broadcasters.
·Los Angeles, United States
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TEGNA shareholders approve proposed Nexstar acquisition
The studios of KUSA-TV in Denver, Colorado, one of over 60 television stations owned by TEGNA. (Photo via Google Street View) Shareholders of TEGNA have signaled their approval of a proposed merger involving Nexstar Media Group, the companies announced on Tuesday. The vote occurred during a special meeting of shareholders held in the early morning hours, during which 98 percent of participating TEGNA stock owners voted to approve the deal valued…
Coverage Details
Total News Sources11
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 28%
R 43%
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