NewsGuild joins broad coalition challenging FCC approval of Nexstar’s takeover attempt of TEGNA
The NewsGuild-CWA has joined a broad coalition, includingNABAT-CWA, Free Press, and Public Knowledge, to challenge the FCC's approval of Nexstar Media Group's takeover of TEGNA, Inc. They argue that this merger would be the largest broadcast merger in U.S. history, giving Nexstar control of news stations reaching over 80% of U.S. TV households, which violates a congressional mandate capping national reach at 39%. The coalition has filed a lawsuit in the U.S. Court of Appeals for the District of Columbia Circuit, urging justices to stop the merger and set aside the FCC’s approval as unlawful to protect local broadcast news and jobs.
Benchmark Lowers Nexstar Media Group (NASDAQ:NXST) Price Target to $250.00
Benchmark has lowered its price target for Nexstar Media Group (NASDAQ:NXST) from $300.00 to $250.00, while maintaining a "buy" rating, indicating a potential 38.6% upside. Other analysts have generally increased their price targets for NXST, leading to a consensus "Moderate Buy" rating and an average target of $273.67. Nexstar Media Group, a diversified American media company, currently trades at $180.38 with a market capitalization of $5.47 billion.
Nexstar (NASDAQ: NXST) sells $1.725B 7.25% 2034 senior notes
Nexstar Media Inc., a subsidiary of Nexstar Media Group, has issued $1.725 billion in 7.250% Senior Notes due 2034 through a private offering. The proceeds from these notes were primarily used to redeem the company's existing 5.625% Senior Notes due 2027 and cover associated fees. This strategic move extends Nexstar's debt maturity and refinances its capital structure, although at a higher interest rate.
Nexstar Media Issues $1.725 Billion 7.250% Senior Notes Due 2034 to Refinance 2027 Debt
Nexstar Media (NXST) has completed a private offering of $1.725 billion in 7.250% Senior Notes due 2034. The proceeds from these new notes are being used to refinance the company's existing 5.625% Senior Notes due 2027 and cover associated fees. Wilmington Trust is serving as the trustee for this indenture agreement.
Nexstar Media Completes $1.7 Billion Senior Notes Offering
Nexstar Media Inc. has successfully completed a private offering of $1.725 billion in 7.250% senior unsecured notes due 2034. The company used the proceeds to refinance its outstanding 5.625% senior notes due 2027, extending its debt maturity profile. These new notes come with guarantees and customary covenants, and an AI analyst from TipRanks has a "Neutral" rating on NXST stock.
Nexstar Media completes $1.73 billion senior notes offering to refinance debt
Nexstar Media Group, Inc. has announced the completion of a $1.725 billion senior notes offering with a 7.250% interest rate due in 2034. The company will use the proceeds to refinance outstanding 5.625% senior notes due in 2027, addressing its substantial debt load. Despite a recent stock decline, Nexstar has a "FAIR" financial rating from InvestingPro and has raised its dividend for 13 consecutive years.
Insider Sell: John Muse Sells 1,500 Shares of Nexstar Media Grou
John Muse, a Director at Nexstar Media Group Inc (NXST), sold 1,500 shares of the company on March 27, 2026, reducing his holding to 27,161 shares. This transaction is part of a broader trend of insider selling at Nexstar, with no insider buys and 42 insider sells recorded over the past year. The stock was trading at $219.63, and with a price-to-GF-Value ratio of 1.17, GuruFocus indicates it is fairly valued.
Nexstar Tells Judge Aspects Of Tegna Merger "Cannot Be Reversed"
Nexstar Media Group has informed a judge that certain aspects of its merger with Tegna, which was temporarily halted by a restraining order, cannot be reversed immediately. The company warned the court that full compliance with the order would create operational harm, regulatory conflicts, and a governance vacuum, jeopardizing Nexstar and the Tegna assets. DirecTV, which successfully secured the restraining order based on antitrust claims, plans to file a response to Nexstar's assertions.
Muse John R, Nexstar media director, sells $329k in NXST stock
Nexstar Media Group director Muse John R. sold 1,500 shares of NXST stock for $329,445 on March 27, 2026. This transaction occurred before a significant 17% decline in the stock's value. The company is navigating a complex financial and legal landscape, including a $5.115 billion debt offering for the Tegna acquisition, a raised price target from Deutsche Bank, and a temporary halt to the Tegna merger due to a federal court order.
Nexstar Media Group (NASDAQ:NXST) Stock Price Down 8.8% - What's Next?
Nexstar Media Group (NASDAQ:NXST) saw its stock price drop 8.8% on Monday to $194.42 on unusually light trading volume. Despite this decline, Wall Street analysts maintain a "Moderate Buy" consensus rating with an average price target of $282, driven by several firms raising their targets. The company offers a 4.0% dividend yield but faces sustainability risks due to a high payout ratio and significant debt-to-equity.
Federal judge pauses merger that would put Sacramento's ABC10 and Fox40 under one owner
A federal judge has temporarily halted the $6.2 billion merger between Nexstar Media Group Inc. and Tegna Inc. This pause is due to ongoing antitrust challenges from states and DirecTV. The merger would have brought Sacramento's ABC10 and Fox40 under single ownership, a significant development in the broadcast industry.
Nexstar Media Group Issues $3.39 Billion Notes and Adds $1.75 Billion Term Loan, Retires Bridge Debt
Nexstar Media Group has refinanced its acquisition-related borrowings by issuing $3.39 billion in 6.500% Senior Secured Notes due 2033 and securing a new $1.75 billion Incremental Term Loan B Facility. The proceeds were used to repay its $2.39 billion bridge facility, refinance a prior incremental term loan, fund a $1.0 billion tender for TEGNA 2029 notes, and redeem TEGNA’s 2028 notes, thereby streamlining its capital structure and shifting from short-term bridge debt to longer-dated secured capital.
Judge Orders Pause on Nexstar-Tegna Integration Amid Antitrust Challenge
A federal judge has ordered Nexstar Media Group Inc. to temporarily halt its integration with Tegna Inc. following antitrust concerns raised by DirecTV and several state attorneys general. The judge, Troy L. Nunley, cited potential impacts on pricing power and increased retransmission fees as reasons for the pause, even though the merger had already been finalized. A hearing is scheduled for April 7 to determine if the pause will continue until a full trial.
Judge orders Nexstar to halt TEGNA integration pending review
A U.S. district judge has ordered Nexstar Media Group to keep TEGNA's operations separate following a legal challenge by DirecTV over the companies' merger, citing potential antitrust violations. The acquisition had previously closed after federal approvals, but the judge's order mandates separate operations until a further court ruling. An in-person hearing is scheduled for April 7th in Sacramento.
Judge pauses blockbuster merger between TV station owners Nexstar and Tegna
A federal judge has temporarily halted the $6.2 billion merger between Nexstar Media Group and Tegna, which would create the nation's largest operator of local television stations. DirecTV challenged the deal on antitrust grounds, arguing it would increase TV service costs, close local newsrooms, and reduce competition. While the FCC and Department of Justice had approved the merger despite concerns about the combined entity's market reach, the judge issued a 14-day temporary restraining order.
Nexstar Media Group (NXST) price target increased by 16.45% to 276.79
This article reports that the price target for Nexstar Media Group (NXST) has been increased by 16.45%. The new target price is set at $276.79.
Nexstar Media Group (NXST) price target increased by 16.45% to 276.79
This article reports that Nexstar Media Group's (NXST) price target has been increased by 16.45% to $276.79. No further details are provided in this truncated content.
Nexstar Media Group Insiders Sold Shares Worth Over $2M
Two Nexstar Media Group officers, Dana Zimmer and Gary Weitman, recently sold shares totaling over $2 million. Zimmer sold shares worth $1,177,577 at a weighted average price of $224.41, reducing her holdings to 2,737 shares. Weitman sold shares valued at $869,873 at a weighted average price of $225.36, retaining 5,707 shares after the transactions.
FCC Chairman Brendan Carr And Gavin Newsom Clash Over Nexstar-Tegna Merger, Censorship And Jimmy Kimmel
FCC Chairman Brendan Carr and California Governor Gavin Newsom are publicly clashing over the Nexstar-Tegna merger, which would create a broadcast giant reaching 80% of U.S. households, significantly exceeding the 50% national media ownership cap. Newsom criticizes Carr for granting a waiver for the merger and accuses him of censorship, citing past incidents involving Jimmy Kimmel and threats to broadcasters' licenses. Carr, in turn, defends the FCC's actions by stating that he is holding media outlets accountable to their public interest obligations and believes Newsom is merely acting on behalf of his liberal Hollywood donors.
Nexstar media president Alford sells $136k in shares
Andrew Alford, President of Broadcasting at Nexstar Media Group, sold 623 shares of common stock for approximately $136,145 after acquiring 1,784 shares through restricted stock unit conversions. This financial activity follows Nexstar Media Group's $6.2 billion acquisition of TEGNA Inc., which included a significant debt offering and an early settlement for TEGNA's senior notes. Deutsche Bank increased its price target for Nexstar to $270 with a Buy rating, citing synergies from the TEGNA acquisition.
Nexstar Media Group Officer Sold Shares Worth Over $1.1M
Two officers at Nexstar Media Group, Dana Zimmer and Weitman Gary, recently sold shares of the company stock. Dana Zimmer sold shares worth over $1.1 million, and Weitman Gary sold shares valued at over $869,000. These transactions took place at weighted average prices around $224-$225 per share.
Nexstar purchases Tegna Inc., owner of TV-12 and TV-25
Nexstar Media Group Inc. has completed its acquisition of Tegna Inc., including Jacksonville's WTLV TV-12 and WJXX TV-25, despite antitrust concerns raised by attorneys general in eight states. The FCC approved the deal, with Chairman Brendan Carr citing the promotion of competition, localism, and diversity to ensure resources for local news. However, labor unions have condemned the FCC's decision, viewing it as an attack on democracy and press freedom due to media consolidation.
Federal Approval Is No Safe Harbor: State AGs Redefine Merger Risk in Trump 2.0 as 8 States Sue to Block $6.2B Nexstar-Tegna Merger
Eight state attorneys general have filed a lawsuit to block the $6.2 billion acquisition of Tegna Inc. by Nexstar Media Group, despite federal regulators (FCC and DOJ) having cleared the transaction. This action highlights a growing trend of state AGs asserting their antitrust authority independent of federal decisions, particularly in the lead-up to what is being called "Trump 2.0." The plaintiff states argue the merger would lessen competition, harm local news, and potentially raise prices for consumers, redefining the risks for companies involved in large-scale transactions.
[144] NEXSTAR MEDIA GROUP, INC. SEC Filing
This article details a Form 144 SEC filing by NEXSTAR MEDIA GROUP, INC. (NXST) concerning a proposed sale of securities, filed on March 25, 2026. The filing indicates the sale of 1101 shares of common stock acquired through restricted stock vesting, with an aggregate market value of $240,603.51. The document provides information about the filer, issuer, securities to be sold, and confirms no prior sales of such securities in the last three months.
94.23% of TEGNA 2029 notes tendered as Nexstar moves to buy them
Nexstar Media Inc. announced an early settlement date of March 25, 2026, for TEGNA Inc.'s 5.000% Senior Notes due 2029, following a tender offer where 94.23% of the notes were validly tendered. The acquisition of TEGNA Inc. by Nexstar Media Group on March 19, 2026, satisfied a key condition for the tender offer and consent solicitation, with the proposed amendments becoming operative upon the purchase of notes on the Early Settlement Date. The tender offer and consent solicitation are expected to conclude on April 2, 2026, unless extended.
Nexstar Media Group Announces Pricing of $3,390 Million Senior Secured Notes Due 2033 and $1,725 Million Senior Notes Due 2034
Nexstar Media Group, Inc. announced that its subsidiary, Nexstar Media Inc., has priced its offering of $3,390 million in senior secured notes due 2033 and $1,725 million in senior notes due 2034. The proceeds from these private offerings will be used to repay existing borrowings, fund the purchase of TEGNA's senior notes, and redeem Nexstar Media's own senior notes due 2027, among other expenses related to the TEGNA acquisition.
Nexstar Media Group Announces Pricing of $3,390 Million Senior Secured Notes Due 2033 and $1,725 Million Senior Notes Due 2034
Nexstar Media Inc., a subsidiary of Nexstar Media Group, Inc., has priced its offering of $3,390 million in 6.500% senior secured notes due 2033 and $1,725 million in 7.250% senior notes due 2034. The proceeds from these private offerings will be used to repay existing borrowings, fund the purchase of TEGNA's senior notes, and redeem Nexstar Media's 5.625% senior notes due 2027, among other related fees and expenses. The sales are expected to close on or about March 25, 2026, and April 2, 2026, respectively.
Nexstar Media Group Announces Pricing Of $3,390 Million Senior Secured Notes Due 2033 And $1,725 Million Senior Notes Due 2034
Nexstar Media Group has announced the pricing of two new offerings: $3,390 million in senior secured notes due in 2033 and $1,725 million in senior notes due in 2034. This financial move by Nexstar Media Group (NXST) is a significant corporate action in the debt market.
Nexstar Media Group Announces Pricing of $3,390 Million Senior Secured Notes Due 2033 and $1,725 Million Senior Notes Due 2034
Nexstar Media Group announced the pricing of $3,390 million in senior secured notes due 2033 and $1,725 million in senior notes due 2034. The company intends to use the proceeds from the secured notes to repay borrowings related to its acquisition of TEGNA Inc., fund the purchase of TEGNA’s senior notes, and cover related fees. Proceeds from the unsecured notes will fund the redemption of Nexstar Media’s 5.625% senior notes due 2027 and associated expenses.
NC among states filing suit to stop Nexstar's $6.2B acquisition of Tegna
North Carolina is among several states filing a lawsuit to prevent Nexstar's $6.2 billion acquisition of Tegna. If approved, the merger would result in the combined company reaching 80% of U.S. households and owning two stations in both the Triad and Charlotte markets. The article notes that broadcast giants are planning to merge amid an industry shift.
Nexstar Media Group (NASDAQ:NXST) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says
Deutsche Bank Aktiengesellschaft has raised its price target for Nexstar Media Group (NASDAQ:NXST) from $250 to $270, maintaining a "buy" rating and suggesting a 16.80% upside. This follows similar target increases from other analysts, resulting in a consensus "Moderate Buy" rating and an average target price of $282. The stock experienced a 1.9% increase, trading at $231.17, and exhibits significant institutional ownership.
Eight US states ask judge to temporarily stop $3.5bn Nexstar and Tegna merger
Eight US states have requested a temporary restraining order to halt the $3.5 billion merger between Nexstar Media Group and Tegna, arguing it would harm competition, increase cable bills, and reduce local jobs. Despite recent approvals from the FCC and the Department of Justice, the states contend the deal would consolidate broadcast programming heavily and give the combined entity undue power. The acquisition, if not reversed, would expand Nexstar's reach to 80% of US TV households, exceeding the FCC's usual ownership cap which was waived for this transaction.
Nexstar Media Group plans $5.1B offering
Nexstar Media Group is planning a significant offering of $5.1 billion, which will include both secured and unsecured notes. This financial move aims to refinance existing debt and address other general corporate needs, indicating strategic financial restructuring for the company. The offering is expected to impact the company's financial outlook and operations.
Nexstar Media Group plans $5.1B offering
Nexstar Media Group is planning a significant $5.1 billion offering. Further details about the nature of this offering, such as whether it involves debt, equity, or a combination, are not specified in this brief update for now. The specific purpose or strategic implications of this substantial financial move also remain undisclosed.
Nexstar Media Group Announces Offering of $3,390 Million Senior Secured Notes Due 2033 and $1,725 Million Senior Notes Due 2034
Nexstar Media Group announced an offering of $3,390 million in senior secured notes due 2033 and $1,725 million in senior notes due 2034. The proceeds from the secured notes will be used to repay bridge credit facilities related to the TEGNA acquisition, repay other secured credit facilities, fund the purchase of TEGNA's 5.00% senior notes, and cover associated fees. Proceeds from the unsecured notes will fund the redemption of Nexstar Media's 5.625% senior notes due 2027 and related expenses.
Nexstar Media Group Closes Acquisition of TEGNA
Nexstar Media Group has completed its acquisition of TEGNA Inc. after receiving approvals from the FCC and DOJ. Perry Sook, Nexstar's CEO, emphasized the transaction's importance for sustaining local journalism and creating a stronger, more dynamic enterprise. The combined entity aims to deliver enhanced journalism and local programming.
Nexstar Media Group Inc (NXST) Shares Up 4.68% on Mar 20
Nexstar Media Group Inc (NXST) shares rose 4.68% on March 20, reaching an intraday high of $243.08 and closing at $233.50. This surge leaves the stock 8.18% below its 52-week high and 64.83% above its 52-week low, with trading volume exceeding the daily average. Wall Street analysts provide an average target price of $268.86, suggesting a 15.15% upside, and an average brokerage recommendation of "Outperform."
Nexstar Media Group, Inc., Closes Acquisition of TEGNA Inc.
Nexstar Media Group, Inc. (Nasdaq: NXST) announced the closure of its acquisition of TEGNA Inc., following approvals from the FCC and DOJ. CEO Perry Sook stated that this transaction is crucial for sustaining local journalism and will make Nexstar a more dynamic enterprise. The acquisition is expected to enhance Nexstar's assets, capabilities, and talent for delivering news and local programming.
Nexstar Media Group, Inc., Closes Acquisition of TEGNA Inc.
Nexstar Media Group, Inc. (Nasdaq: NXST) announced the completion of its acquisition of TEGNA Inc. The acquisition received approvals from both the Federal Communications Commission (FCC) and the United States Department of Justice (DOJ). Perry Sook, Nexstar's Founder, Chairman, and CEO, emphasized that this merger is crucial for sustaining strong local journalism and will result in a more dynamic enterprise with enhanced capabilities.
Director at Nexstar Media Group (NXST) receives 905 RSU award
Nexstar Media Group director John R. Muse was granted 905 restricted stock units (RSUs) on March 19, 2026, as a form of equity compensation. These RSUs will convert into 905 shares of Nexstar common stock upon full vesting on March 19, 2027, provided he remains a director. The grant is time-based and has no expiration, but unvested units will be forfeited if his directorship ends, unless due to a company change of control.
Nexstar Announces Major Notes Offering for TEGNA Acquisition
Nexstar Media Group's subsidiary, Nexstar Media Inc., is launching a private offering of $3.39 billion in senior secured notes and $1.725 billion in senior unsecured notes to refinance debt related to its acquisition of TEGNA. The proceeds will be used to repay bridge and existing debt, fund the purchase of TEGNA's 2029 notes, and redeem Nexstar Media's 2027 notes, thereby restructuring the combined company's capital. Nexstar also released preliminary pro forma financials for investors, emphasizing their illustrative nature.
Nexstar (NASDAQ: NXST) details TEGNA merger financing, new note offerings and pro forma results
Nexstar Media Group has announced detailed financing plans for its merger with TEGNA, including a private offering of $3.39 billion in senior secured notes due 2033 and $1.725 billion in senior unsecured notes due 2034. These funds will be used to repay existing debts, purchase TEGNA notes, and cover acquisition costs. The filing also provides unaudited pro forma financial statements for the combined entity, indicating a preliminary purchase price of $3.656 billion for TEGNA, resulting in a pro forma combined net loss of $171 million for 2025 primarily due to increased interest expenses.
Nexstar Media Group closes on TEGNA purchase, with three NEPA television stations impacted
Nexstar Media Group has finalized its acquisition of TEGNA Inc., impacting three major television stations in the Wilkes-Barre/Scranton market. Nexstar, which already owns WBRE and WYOU, will now also own TEGNA's WNEP-TV, an ABC affiliate. The deal was approved by the FCC and DOJ despite two lawsuits attempting to block it, and Nexstar plans to divest six other stations to complete the transaction.
Nexstar Media Group Secures $5.29 Billion Financing Package to Close Tegna Deal
Nexstar Media Group has secured a $5.29 billion financing package to facilitate its acquisition of Tegna. This financing includes a senior secured bridge facility of up to $2.39 billion, a $150 million incremental Term Loan A, and a $2.75 billion incremental Term Loan B. The funds will be used to cover the cash consideration for the acquisition, repay Tegna's existing debt, and handle transaction costs.
Nexstar Media Group plans $5.1B offering
Nexstar Media Group is reportedly planning a $5.1 billion offering. This financial move suggests a significant strategic initiative for the company, likely aimed at funding new projects, acquisitions, or debt restructuring. Further details on the offering's structure and purpose are anticipated.
Nexstar Media Group acquires Tegna
Nexstar Media Group has finalized its acquisition of broadcaster Tegna for $6.2 billion, which includes the television station affiliated with this article. The acquisition significantly expands Nexstar's media holdings. The article confirms the completion of this major media transaction.
Nexstar Media Group closes acquisition of TEGNA Inc.
Nexstar Media Group has finalized its acquisition of TEGNA Inc. following approvals from the Federal Communications Commission and the U.S. Department of Justice. This transaction is considered essential for sustaining local journalism, enabling Nexstar to become a more dynamic enterprise. Nexstar's CEO, Perry Sook, thanked President Trump, Chairman Carr, and the DOJ for allowing the deal to proceed, which will expand Nexstar's reach to 265 stations across 80 percent of U.S. households.
FCC Greenlights $3.5B Tegna Sale to Nexstar Despite State Pushback
The FCC has approved Nexstar's $3.5 billion acquisition of Tegna, a significant step forward for the media deal despite objections from several states. While federal antitrust concerns have been cleared, state-level opposition remains, focusing on potential media consolidation risks and impact on local news diversity. This creates an "unpriced regulatory risk" for investors, making the deal's final timeline and valuation uncertain, even as Nexstar aims to strengthen its position in local broadcasting and digital distribution.
Merger of WTNH Channel 8, Fox 61 companies gets federal approval amid CT opposition
Federal regulators have approved the merger of Nexstar Media Group (owner of WTNH and WCTX) and Tegna (owner of Fox 61 and WCCT), despite opposition from Connecticut Attorney General William Tong. Tong expressed disappointment, citing antitrust concerns and the potential impact on local journalism through consolidation and reduced competition. He has filed a motion for a temporary restraining order to halt the combination.
Nexstar Media Group closes acquisition of Tegna
Nexstar Media Group has successfully acquired Tegna after receiving clearance from the Federal Communications Commission (FCC) and the Department of Justice (DOJ). This acquisition positions Nexstar, already the largest local news provider, to control local newscasts in over 70% of U.S. households. The CEO, Perry Sook, stated that this transaction is crucial for sustaining strong local journalism and will make Nexstar a more dynamic enterprise.
