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Nexstar Faces DOJ Inquiry on TEGNA Merger

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Nexstar Faces DOJ Inquiry on TEGNA Merger

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Nexstar Media Group ( (NXST) ) has shared an update.

On August 18, 2025, Nexstar Media Group, Inc. entered into a merger agreement with TEGNA Inc., where TEGNA will become a wholly owned subsidiary of Nexstar. The U.S. Department of Justice issued a Second Request for additional information on October 30, 2025, extending the waiting period for the merger’s completion, which is expected by the second half of 2026, pending regulatory approval and other conditions.

The most recent analyst rating on (NXST) stock is a Buy with a $221.00 price target. To see the full list of analyst forecasts on Nexstar Media Group stock, see the NXST Stock Forecast page.

Spark’s Take on NXST Stock

According to Spark, TipRanks’ AI Analyst, NXST is a Outperform.

Nexstar Media Group’s strong financial performance and attractive valuation are key strengths, supported by effective cash flow management and profitability. However, challenges in revenue growth and advertising, along with significant debt, present risks. The technical analysis suggests a neutral market sentiment, while the earnings call reflects both positive management actions and existing challenges.

To see Spark’s full report on NXST stock, click here.

More about Nexstar Media Group

Nexstar Media Group, Inc. is a Delaware corporation involved in the media industry, primarily focusing on television broadcasting and digital media services.

Average Trading Volume: 341,171

Technical Sentiment Signal: Strong Buy

Current Market Cap: $5.92B

Find detailed analytics on NXST stock on TipRanks’ Stock Analysis page.

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