Tegna Inc. (NYSE: TGNA) has announced that its shareholders have approved the merger agreement with Nexstar Media Group, Inc. According to the preliminary results, approximately 98% of the total shares of Tegna’s common stock voted at the special meeting were in favor of adopting the merger agreement, representing about 83% of the total outstanding shares of Tegna’s common stock as of October 10, 2025.
The transaction is expected to close by the second half of 2026, subject to regulatory approvals and other customary closing conditions. Upon closing, Tegna will become a subsidiary of Nexstar Media Group, Inc., and its shares will no longer be traded on the New York Stock Exchange.
Tegna Inc. operates 64 television stations in 51 U.S. markets, reaching over 100 million people monthly across various platforms. The company aims to provide trusted local news and services that matter most to local communities.
No financial metrics or specific figures related to the merger agreement were provided in the press release. Following these announcements, the company's shares moved 1.58%, and are now trading at a price of $19.97. For the full picture, make sure to review TEGNA INC's 8-K report.
