TEGNA Inc. has successfully completed its acquisition by Nexstar Media Group, Inc., as per the terms outlined in the previously announced Agreement and Plan of Merger dated August 18, 2025. The merger, finalized on March 19, 2026, sees TEGNA becoming a wholly owned subsidiary of Nexstar Media Group. As part of the transaction, shareholders of TEGNA will receive $22.00 in cash for each share of common stock they hold, representing a significant premium over the stock's previous trading price. This acquisition is expected to enhance Nexstar's portfolio and operational capabilities, allowing for greater synergies and efficiencies in the media landscape. The completion of this merger also triggers the delisting of TEGNA's common stock from the New York Stock Exchange, with trading suspended effective March 20, 2026. The company has also amended its bylaws and articles of incorporation to reflect the changes in ownership and governance structure following the merger. This strategic move is anticipated to bolster Nexstar's market position and drive future growth opportunities.

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