He now supports the merger, which would add to media competition.
President Donald Trump expressed support for Nexstar's offer to buy Tegna, which would significantly expand the network's reach. "Letting Good Deals get done like Nexstar - Tegna will help knock out the Fake News because there will be more competition, and at a higher and more sophisticated level," Trump wrote in a Truth Social post.
Nexstar and Sinclair's stocks fell after President Trump went against his FCC head, saying that removing a cap on TV-station ownership would hurt Republicans.
Nexstar Media Group Chairman and CEO Perry A. Sook joins 'Mornings with Maria' to discuss the company's $6 billion merger filing, ongoing DOJ and FCC reviews and how Trump-era deregulation opened the door for major media expansion.
Nexstar Media Group, Inc. ( NXST ) Wells Fargo's 9th Annual TMT Summit November 18, 2025 3:45 PM EST Company Participants Perry Sook - Founder, Chairman & CEO Lee Gliha - Executive VP & CFO Conference Call Participants Steven Cahall - Wells Fargo Securities, LLC, Research Division Presentation Steven Cahall Wells Fargo Securities, LLC, Research Division Okay. Thank you.
Perry Sook says broadcasters need to grow to better compete with tech companies.
Nexstar Media: Market Not Appreciating Its Durability (Upgrade)
Nexstar Media Group, Inc. ( NXST ) Q3 2025 Earnings Call November 6, 2025 10:00 AM EST Company Participants Perry Sook - Founder, Chairman & CEO Michael Biard - President & COO Lee Gliha - Executive VP & CFO Conference Call Participants Joseph Jaffoni - JCIR Daniel Kurnos - The Benchmark Company, LLC, Research Division Benjamin Soff - Deutsche Bank AG, Research Division Steven Cahall - Wells Fargo Securities, LLC, Research Division Craig Huber - Huber Research Partners, LLC Patrick Sholl - Barrington Research Associates, Inc., Research Division Aaron Watts - Deutsche Bank AG, Research Division Presentation Operator Good day, and welcome to the Nexstar Media Group's Third Quarter 2025 Conference Call. Today's call is being recorded.
Nexstar Media Group, Inc. (NASDAQ:NXST ) Goldman Sachs Communicopia + Technology Conference 2025 September 8, 2025 2:30 PM EDT Company Participants Perry Sook - Founder, Chairman & CEO Lee Gliha - Executive VP & CFO Conference Call Participants Michael Ng - Goldman Sachs Group, Inc., Research Division Presentation Michael Ng Research Analyst Great. Thank you, everybody.
Nexstar Media Group, Inc. (NASDAQ:NXST ) Citi's 2025 Global Technology, Media and Telecommunications Conference September 3, 2025 8:50 AM EDT Company Participants Perry Sook - Founder, Chairman & CEO Lee Gliha - Executive VP & CFO Conference Call Participants Jason Bazinet - Citigroup Inc., Research Division Presentation Jason Bazinet MD, Global Head of EMT & Analyst [Audio Gap] including Perry Sook, CEO; and Lee Ann Gliha, CFO. Thank you both for coming.
Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, bringing together two major players in U.S. television and the country's local news landscape.If the transaction is approved, Nexstar will pay $22 in cash for each share of Tegna's outstanding stock. And the regulatory greenlight could be likely under President Donald Trump's administration, which has long-advocated for loosening industry restrictions.Announcing the proposed merger Tuesday, Nexstar CEO Perry Sook pointed directly to actions being pursued by the Trump administration, which he said “offer local broadcasters the opportunity to expand reach, level the playing field, and compete more effectively with the Big Tech and legacy Big Media companies that have unchecked reach and vast financial resources.
Another day, another major media merger. The Nexstar Media Group, already the largest owner of broadcast television stations in the U.S., announced yesterday that they will be purchasing Tegna, Inc. for $6.2 billion.