Tegna Inc. (NYSE: TGNA) has announced that its shareholders have approved the merger agreement with Nexstar Media Group, Inc. According to 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. This represented around 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 and reaches over 100 million people monthly across various platforms including web, mobile apps, connected TVs, and linear television.
The approval of the merger agreement marks a significant development in Tegna's corporate trajectory and sets the stage for its integration into Nexstar Media Group, Inc. 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.
