NEXSTAR MEDIA GROUP, INC. (NXST): M&A transaction — Nexstar closes TEGNA acquisition for $3.7B; federal court halts further integration

NEXSTAR MEDIA GROUP, INC.

Pro forma revenue $2.0B in Q1 2026, net income $98M ($2.95 diluted EPS).
Full-year 2025 pro forma net income $40M ($0.75 diluted EPS) on revenue $7.66B.
Preliminary purchase price includes $2.14B goodwill and $2.16B FCC licenses.
U.S. District Court issued preliminary injunction Apr 17, 2026 blocking further integration; Nexstar appealed May 20, 2026.
Nexstar must divest six TV stations within two years per FCC commitments.

item 9.01 item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NEXSTAR MEDIA GROUP, INC. completed an acquisition involving TEGNA Inc. (closed 2026-03-19).

Action: acquisition
Counterparty: TEGNA Inc.
Closing: 2026-03-19

Exact text from the filing

On March 19, 2026, Nexstar completed its acquisition of TEGNA Inc.

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NEXSTAR MEDIA GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-257735

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