Tegna Inc Stock Price, News & Analysis

Nexstar (Nasdaq: NXST) and TEGNA have filed applications with the Federal Communications Commission on November 18, 2025 seeking consent to transfer TEGNA's broadcast licenses to Nexstar in connection with Nexstar's pending acquisition of TEGNA.

The filings request waivers of certain television ownership rules, arguing that waivers and regulatory change would serve the public interest and enable Nexstar to expand local news reach. The company cites producing more than 300,000 hours of local news and programming as part of its public-interest case and frames the transaction as necessary to achieve scale against large digital and legacy competitors.

TEGNA (NYSE: TGNA) said shareholders approved the Agreement and Plan of Merger with Nexstar Media Group, dated August 18, 2025. Preliminary special-meeting results show ~98% of votes cast and ~83% of outstanding shares (as of the October 10, 2025 record date) voted to adopt the Merger Agreement, subject to certification by the independent Inspector of Election.

The transaction is expected to close by the second half of 2026, subject to regulatory approvals and customary closing conditions. Upon closing, TEGNA will become a Nexstar subsidiary and TEGNA shares will no longer trade on the New York Stock Exchange. Certified results will be filed on a Form 8-K and posted on TEGNA's investor website.

TEGNA (NYSE:TGNA) reported Q3 2025 results and reiterated a pending sale to Nexstar at $22.00 per share valuing the company at $6.2 billion, expected to close by H2 2026 subject to approvals. Q3 revenue fell 19% to $651 million, driven by a 92% decline in political revenue and lower AMS. GAAP net income was $37 million (Q3 EPS $0.23), with Adjusted EBITDA down 52% to $131 million. Non-GAAP operating expenses decreased and exceeded guidance. TEGNA returned $20 million in dividends, called $550 million of senior notes, ended the quarter with $233 million cash and reported net leverage of 2.9x. Share repurchases are suspended during the transaction.

TEGNA (NYSE: TGNA) and Kroenke Sports & Entertainment have extended their partnership for a second year, allowing 20 Denver Nuggets games and 20 Colorado Avalanche games to be broadcast free over-the-air on Denver's 9NEWS and My20 stations.

The agreement will reach approximately 3.5 million people in the Denver metro area. Of the 40 total games, 10 games (five from each team) will be simulcast on 9NEWS. The broadcasts will continue to be produced by Altitude Sports with their existing talent teams.

Additionally, all games will be available through the upgraded Altitude+ streaming service, accessible either as a TV Everywhere service for existing subscribers or direct-to-consumer for $199.99/year or $19.95/month.

TEGNA (NYSE: TGNA) announced that its Board of Directors has declared a quarterly dividend of $0.125 per share. The dividend will be paid on October 1, 2025, to stockholders of record at the close of business on September 5, 2025.

TEGNA (NYSE: TGNA) has appointed Brent Denny as president and general manager of WTHR (NBC affiliate) and WALV (MeTV affiliate) in Indianapolis, effective immediately. Denny, who brings over 30 years of broadcast experience, has been promoted from his previous role as director of sales at WTHR/WALV, where he served for 11 years.

In his new position, Denny will oversee station operations, drive financial performance, and develop business strategy for the Central Indiana market. His extensive experience includes leadership roles at WISH-TV/WNDY in Indianapolis and WOOD-TV in Grand Rapids, with a proven track record in revenue growth and team management.

Nexstar Media Group (Nasdaq: NXST) has entered into a definitive agreement to acquire TEGNA Inc. (NYSE: TEGNA) for $6.2 billion in a cash transaction valued at $22.00 per share, representing a 31% premium to TEGNA's 30-day average stock price.

The combined entity will operate 265 full-power television stations across 44 states, covering 80% of U.S. television households. The transaction is expected to generate $300 million in annual synergies and be over 40% accretive to Nexstar's standalone Adjusted Free Cash Flow in the first year after closing.

The deal, expected to close by second half of 2026 subject to regulatory approvals, will strengthen Nexstar's position in key markets including Atlanta, Phoenix, Seattle, and Minneapolis, while enhancing its ability to compete with Big Tech and legacy media companies.

TEGNA (NYSE: TGNA) has announced that four of its television stations have received six National Edward R. Murrow Awards for excellence in broadcast journalism in 2025. KING in Seattle secured the prestigious Overall Excellence award in Large Market Television for the fourth consecutive year for TEGNA stations.

The awards span diverse categories including Excellence in Video, Diversity, Equity and Inclusion, Sports Reporting, News Series, and Excellence in Writing. Notable winning entries include KUSA Denver's investigative series that led to legislative change, KING Seattle's coverage of Indigenous culture, and WFAA Dallas's excellence in journalistic storytelling.

TEGNA Inc. (NYSE: TGNA) reported Q2 2025 financial results with total revenue decreasing 5% to $675 million. Distribution revenue remained flat at $370 million, while advertising and marketing services (AMS) revenue declined 4% to $288 million.

Key financial metrics include GAAP net income of $68 million and earnings per diluted share of $0.42. The company's Adjusted EBITDA decreased 14% to $151 million, primarily due to lower political advertising and AMS revenue. TEGNA maintained strong liquidity with $757 million in cash and cash equivalents.

Strategic initiatives include adding 100+ hours of new daily local programming across 50+ markets and renewing FOX station affiliation agreements in six markets. For Q3 2025, TEGNA expects revenue to decline 18-20% year-over-year, reflecting typical even-to-odd year election cycle comparisons.