NXST
NASDAQ · Media
Nexstar Media Group Inc
$164.01
-0.15 (-0.09%)
NXST News3 articles
Eight States Sue to Block Nexstar's $6.2 Billion Tegna Acquisition
A coalition of eight states has filed an antitrust lawsuit seeking to halt Nexstar Media Group's proposed $6.2 billion acquisition of Tegna, arguing the deal would harm competition and raise costs for consumers.
Nexstar Shares Surge on Political Support for Tegna Acquisition Amid FCC Rule Review
Nexstar Media Group stock jumped 14.3% after former President Trump and FCC Chairman Carr endorsed its Tegna takeover. A Senate hearing on broadcast ownership rules is set for February 10.
Nexstar Completes $6.2B Tegna Takeover, Faces Legal Challenges
Nexstar Media Group has closed its $6.2 billion purchase of Tegna, becoming the largest owner of local television stations in the United States. The deal received regulatory approval but is now facing antitrust lawsuits from several states and DirecTV.