Judge blocks Nexstar-Tegna deal, throwing $6.2-billion merger into doubt [Yahoo! Finance]
Nexstar Media Group, Inc. (NXST)
Last nexstar media group, inc. earnings: 2/26 07:04 am
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Source: Yahoo! Finance
A federal judge has blocked Nexstar Media Group's $6.2-billion acquisition of its rival, upending the already consummated union of the nation's two largest television station groups. U.S. District Court Chief Judge Troy L. Nunley on Friday issued a preliminary injunction that forbids Nexstar, which owns KTLA-TV Channel 5 in Los Angeles, and its takeover-target, Tegna Inc., from combining operations amid a legal dispute with California Atty. Gen. Rob Bonta and seven other state attorneys general. The order takes effect on Tuesday. "Nexstar must permit Tegna to continue operating as a separate and distinct, independently managed business unit from Nexstar," Nunley wrote. "And Nexstar must put measures in place to maintain Tegna as an ongoing, economically viable, and active competitor." The injunction is Nexstar's latest setback in the controversial deal championed by President Trump. Bonta and the others are opposed to the merger, arguing it violates a 112-year-old U.S. anti
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NXST
News
- Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved [CBS News]CBS News
- Nexstar Media Group, Inc., Statement on Preliminary Injunction [Yahoo! Finance]Yahoo! Finance
- Nexstar Media Group, Inc., Statement on Preliminary InjunctionBusiness Wire
- Emerson poll finds tight California governor race as Becerra rises [USA TODAY]USA TODAY
- Nexstar Media Group (NXST) was upgraded by Citigroup Inc. from "neutral" to "buy". They now have a $220.00 price target on the stock, down from $252.00.MarketBeat
NXST
Earnings
- 2/26/26 - Miss
NXST
Sec Filings
- 4/14/26 - Form 3
- 4/2/26 - Form 8-K
- 3/31/26 - Form 4
- NXST's page on the SEC website