Tegna Inc. (NYSE: TGNA) has announced that its shareholders have approved the merger agreement with Nexstar Media Group, Inc. At a special meeting of shareholders, approximately 98% of the total shares of Tegna's common stock were voted to adopt the merger agreement, representing about 83% of the total outstanding shares of Tegna's common stock as of October 10, 2025.
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. The transaction is expected to close by the second half of 2026, subject to regulatory approvals and other customary closing conditions.
Tegna Inc., with 64 television stations in 51 U.S. markets, reaches more than 100 million people monthly across various platforms. The company aims to provide trusted local news and services to help people thrive in their local communities.
This marks a significant development for Tegna as it moves towards becoming part of Nexstar Media Group, Inc., and signifies a shift in its status as a publicly traded company. The market has reacted to these announcements by moving the company's shares -3.65% to a price of $19.24. Check out the company's full 8-K submission here.
