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Stock impact report

Nexstar finalizes acquisition of Tegna's TV stations despite opposition [Los Angeles Times (CA)]

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
The acquisition was approved by the Federal Communications Commission's Media Bureau and the Justice Department, Irving, Texas-based Nexstar said Thursday. “This transaction is essential to sustaining strong local journalism in the communities we serve,” Nexstar founder and chief executive Perry Sook said in a statement. “By bringing these two outstanding companies together, Nexstar will be a stronger, more dynamic enterprise — better positioned to deliver exceptional journalism and local programming with enhanced assets, capabilities and talent.” Sook also mentioned President Trump and FCC Chairman Brendan Carr by name in the statement, saying the company was “grateful” they recognized the “dynamic forces shaping the media landscape” and allowed the transaction to move forward. President Trump had supported the deal. The surprise announcement came only a day after eight state attorneys general, including California's Rob Bonta, sued to stop the deal, arguing it would give Nexs Show less Read more
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