Nexstar Media Group, Inc. announces a definitive agreement to acquire TEGNA Inc. for $6.2 billion.
The acquisition enhances Nexstar's position as a leading local media company.
The deal is expected to drive increased profitability and returns for Nexstar shareholders.
Accretive Transaction
Nexstar to acquire TEGNA for $6.2 billion, boosting Nexstar's market presence.
Preservation of Local Journalism
Deal aims to preserve high-quality local journalism and diversity of opinion.
Competing with Big Tech
Strengthens Nexstar's ability to compete with Big Tech and Big Media players.
Premium Offer
TEGNA purchase price of $22.00 per share represents a 31% premium to the stock price.
- The combined entity will be well-positioned to compete in the current media landscape.
- Nexstar aims to provide better services to communities and advertisers with increased reach.
The acquisition of TEGNA Inc. by Nexstar Media Group marks a strategic move to enhance market position and deliver value to shareholders.