Nexstar-Tegna Merger Gains Shareholder Approval in $6.2 Billion Deal

Tegna shareholders have approved a merger agreement with Nexstar, marking a key step in the proposed combination of the two broadcasting companies.

The shareholder vote took place on November 18, 2025, with approximately 98% of Tegna's voting shares supporting the transaction. This approval follows Nexstar's initial announcement of its plan to acquire Tegna in August 2025 under a definitive agreement.

The proposed merger is valued at roughly $6.2 billion, according to company statements. The transaction remains subject to regulatory review and other closing conditions before it can be finalized.

If the deal is completed, the merged entity would operate about 265 full-power television stations across 44 states and the District of Columbia. This would extend the company's reach to approximately 80% of U.S. television households.

What the numbers show

• Shareholder approval was secured on November 18, 2025
• About 98% of voting shares were in favor of the merger
• The deal is valued at approximately $6.2 billion
• The combined company would operate 265 stations in 44 states and D.C
• The merger would reach around 80% of U.S. TV households

Nexstar and Tegna announced their definitive agreement for the merger in August 2025. The companies stated that the transaction is expected to close in the second half of 2026, pending regulatory approvals and standard closing requirements.

The companies have outlined that, upon completion, the combined group would become one of the largest television station operators in the country. The expanded network would cover a substantial portion of the national television audience.

According to the published agreement, the merger's closing is contingent on receiving necessary regulatory clearances. Both companies have indicated that they are working through the required processes to meet these conditions.

The approval by Tegna's shareholders represents a major procedural milestone for the proposed transaction. Further updates are expected as the merger moves through regulatory review and other closing steps.

* This article is based on publicly available information at the time of writing.