There's a frenzy of merger and acquisition activity in the media industry as cord-cutting has upended the economics. Broadcast station owners like Nexstar and Sinclair want in on the action.
Nexstar and Sinclair's stocks fell after President Trump went against his FCC head, saying that removing a cap on TV-station ownership would hurt Republicans.
FCC Chairman Brendan Carr has long advocated for changes to rules that limit the number of stations a local television company can own, but opponents say that's something only Congress can address.
Nexstar Media Group, Inc. ( NXST ) Wells Fargo's 9th Annual TMT Summit November 18, 2025 3:45 PM EST Company Participants Perry Sook - Founder, Chairman & CEO Lee Gliha - Executive VP & CFO Conference Call Participants Steven Cahall - Wells Fargo Securities, LLC, Research Division Presentation Steven Cahall Wells Fargo Securities, LLC, Research Division Okay. Thank you.
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that in connection with its pending acquisition of TEGNA Inc. (NYSE: TGNA), the companies have filed applications with the Federal Communications Commission (FCC) seeking consent to the transfer of the broadcast licenses currently controlled by TEGNA to Nexstar. The applications address why, if certain of ...
Nexstar Media: Market Not Appreciating Its Durability (Upgrade)
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