M&A Deal Summary |
|
|---|---|
| Date | 2025-08-19 |
| Target | TEGNA |
| Sector | Media |
| Buyer(s) | Nexstar Media Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 6.2B USD |
| Advisor(s) | Allen & Company (Financial) Wachtell, Lipton, Rosen & Katz Covington & Burling (Legal) |
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| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Media |
| Employees | 11,773 |
| Revenue | 5.4B USD (2024) |
Nexstar Media Group is a media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 170 television stations and related digital multicast signals reaching 100 markets or approximately 39% of all U.S. television households. Nexstar Media Group was founded in 1996 and is based in Irving, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector: Media M&A | 8 of 8 |
| Type: Add-on Acquisition M&A Deals | 9 of 9 |
| State: Virginia M&A | 2 of 2 |
| Country: United States M&A | 13 of 13 |
| Year: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-28 |
WBNX-TV
Cleveland, Ohio, United States WBNX-TV is a local TV station and broadcast affiliate serving the greater Cleveland, Ohio area. |
Sell | - |
