Nexstar Media Group, Inc., Closes Acquisition of TEGNA Inc.

Nexstar Media Group (Nasdaq: NXST) announced it has closed its acquisition of TEGNA after receiving approvals from the Federal Communications Commission and the U.S. Department of Justice on March 19, 2026.

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Company Receives Approval of Transaction from Federal Communications Commission and U.S. Department of Justice

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that it has closed its acquisition of TEGNA Inc. following approval of the transaction from the Federal Communications Commission (FCC) and the United States Department of Justice (DOJ).

Nexstar’s Founder, Chairman, and Chief Executive Officer, Perry Sook commented:

“This transaction is essential to sustaining strong local journalism in the communities we serve. By bringing these two outstanding companies together, Nexstar will be a stronger, more dynamic enterprise—better positioned to deliver exceptional journalism and local programming with enhanced assets, capabilities, and talent. We are grateful to President Trump, Chairman Carr, and the DOJ for recognizing the dynamic forces shaping the media landscape and enabling this transaction to move forward.”

About Nexstar Media Group:
Nexstar Media Group, Inc. (NASDAQ: NXST), is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319520139/en/

Investor Contacts:
Lee Ann Gliha
Chief Financial Officer
Nexstar Media Group, Inc.
972/373-8800

Joseph Jaffoni or Jennifer Neuman
JCIR
212/835-8500 or nxst@jcir.com

Media Contact:
Gary Weitman
EVP/Chief Communications Officer
Nexstar Media Group, Inc.
972/373-8800 or gweitman@nexstar.tv

Source: Nexstar Media Group, Inc.

Key Terms

federal communications commission regulatory

The Federal Communications Commission (FCC) is an independent U.S. government agency that oversees and sets rules for radio, television, satellite, cable and wireless communications across the country. Investors care because the FCC issues licenses, allocates spectrum and enforces rules that can create or limit market access, affect costs, and shape revenue opportunities for telecom, media and technology companies—think of it as the referee and traffic controller for the airwaves and networks companies use.

department of justice regulatory

A Department of Justice is a government agency that enforces laws, prosecutes criminal cases, and oversees legal actions against individuals and organizations. It matters to investors because its investigations, lawsuits, or fines can change a company’s costs, leadership, or ability to operate—similar to a referee calling penalties in a game, its decisions can shift a company’s value and market confidence.

nasdaq financial

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

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