About This Deal

Nexstar Media Group acquired TEGNA Inc. for $6.2 billion, a transaction completed in March 2026, structured as Cash merger.

TEGNA Inc. operates in Broadcast / Digital, is based in United States. Nexstar closed its acquisition of TEGNA Inc., a broadcast and digital media company, after receiving FCC and DOJ approval. Nexstar acquired all outstanding TEGNA shares for $22.00 per share in cash.

Expands Nexstar's local broadcast and digital footprint and scale in local journalism.

Deal Terms

Acquirer
Nexstar Media Group
Target
TEGNA Inc.
Value
$6.2 billion
Date
March 2026
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
United States
Segment
Broadcast / Digital
Structure
Cash merger
Announced
August 2025
Closed
March 19, 2026

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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