TYSONS, Va.—Tegna has announced that its shareholders have voted overwhelmingly to approve the proposed $6.2 billion merger with Nexstar Media.
In August Nexstar Media Group, Inc. and Tegna entered into a definitive agreement for Nexstar to buy Tegna for about $6.2 billion. The deal would create a behemoth in the local broadcasting industry with 265 full-power television stations in 44 states and the District of Columbia, with stations in 132 of the country’s 210 television DMAs.
Tegna said the Agreement and Plan of Merger, dated as of August 18, 2025 was approved by 98% of the total shares of Tegna’s common stock that were voted at the Nov. 18 special meeting.
The deal must still be approved by the Federal Communications Commission and will require the regulator to relax existing ownership caps.
Tegna said that the transaction is expected to close by the second half of 2026, subject to regulatory approvals and other customary closing conditions. Upon closing, Tegna will become a subsidiary of Nexstar Media Group, Inc., and its shares will no longer be traded on the New York Stock Exchange, the company said.
