Big Media Shake-Up: Nexstar Eyes Tegna in a Potential $8 Billion Deal

In a surprising turn of events, Nexstar Media Group is in serious talks to buy Tegna Inc. This move could shake up the media world and put the Federal Communications Commission's (FCC) deregulation plans to the test. The deal, if it goes through, could be worth around $8 billion, including debt. Tegna recently announced that it expects its revenue to drop by 18% to 20% in the third quarter of 2025. This news comes after the company saw a 5% decrease in revenue to $675 million in the second quarter. Despite this, Tegna's distribution revenue stayed steady at $370 million, thanks to rate increases that balanced out subscriber losses. Tegna's stock price closed at $15. 31 on Friday, up by 1. 80%. But in after-hours trading, it shot up by 30. 57% to $19. 99. On the other hand, Nexstar Media Group's stock closed at $186. 80, up by 1. 23%, but then dipped slightly to $186. 00 in after-hours trading. Tegna has a market value of $2. 46 billion, with 2, 742, 935 shares traded daily. Nexstar, on the other hand, has a market value of $5. 63 billion, with 534, 578 shares traded daily. This potential deal is a big deal because it could change the media landscape and test the FCC's deregulation efforts. It's a critical time for both companies and the industry as a whole.