Tegna Inc. (NYSE: TGNA) has announced that its shareholders have approved the merger agreement with Nexstar Media Group, Inc. According to preliminary results from the special meeting, approximately 98% of the total shares of Tegna's common stock voted to adopt 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 including web, mobile apps, connected TVs, and linear television.
This merger marks a significant development for Tegna Inc. and its shareholders, with the company set to become part of Nexstar Media Group, Inc. As a result of these announcements, the company's shares have moved 1.58% on the market, and are now trading at a price of $19.97. For more information, read the company's full 8-K submission here.
