Nexstar Media Group Mergers & Acquisitions

Nexstar Media Group M&A Summary

Nexstar Media Group has acquired 13 companies, including 6 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 4 assets.

Nexstar Media Group’s largest acquisition to date was in 2018, when it acquired Tribune Media Co. for $6.4B. It’s largest disclosed sale occurred in 2019, when it sold Nexstar Media Group - Stations to Fox for $350M. Nexstar Media Group has acquired in 9 different US states. The Company’s most targeted sectors include media (62%) and internet software and services (16%).

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity12
    • M&A Sell Activity4
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 10

Nexstar Media Group

Nexstar Media Group, Inc.

545 E. John Carpenter Freeway, Suite 700,
Irving, Texas 75062
United States,
(972) 373-8800
www.nexstar.tv

All (16) Buy (12) Sell (4)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2025-08-19 TEGNA · Media
Tysons, Virginia · www.tegna.com

TEGNA is a diversified media company. The Company operates through two business segments, Media and Digital. The Media segment comprises of 46 television stations in 38 markets. The Digital segment consists of the Cars.com (formerly Classified Ventures LLC) and CareerBuilder businesses. TEGNA was founded in 1906 and is based in Tysons, Virginia.

Revenue (mlns) 3,030 USD
EBITDA (mlns) 832 USD
Advisors: Allen & Company , Covington & Burling , Wachtell, Lipton, Rosen & Katz
6,200
7.5x EBITDA
2.0x REVENUE
Add-on Acquisition

Nexstar Media Group
Advisors: BofA Securities , Goldman Sachs , J.P. Morgan Securities , Kirkland & Ellis , Morrison & Foerster , Wiley Rein

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