A group of eight states filed suit late Wednesday in U.S. District Court in California to block Nexstar's proposed $3.54 billion acquisition of Tegna that would make the combined entity the largest U.S. broadcast station group.
Cinctive Capital Management LP lifted its holdings in Nexstar Media Group, Inc. (NASDAQ: NXST) by 14.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 25,496 shares of the company's stock after acquiring an additional 3,180 shares during the quarter. Cinctive Capital Management
Nexstar Media Group, Inc. (NXST) Presents at Deutsche Bank 34th Annual Media, Internet & Telecom Conference Transcript
Nexstar Media Group, Inc. (NXST) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
Nexstar Media Group remains a hold as the Tegna acquisition faces significant regulatory hurdles and legal uncertainties. NXST's 2025 results were impacted by the absence of election-year advertising and a $381M impairment, but underlying operations remain stable. At a non-GAAP forward P/E of 8.21, NXST appears undervalued versus peers, contingent on sustained performance and regulatory outcomes.
Nexstar Media Group, Inc. (NXST) Q4 2025 Earnings Call Transcript
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.