NasdaqGS:NXSTMedia
Nexstar Holds Dividend While Advancing TEGNA Deal And FCC Approvals
Nexstar Media Group kept its quarterly dividend unchanged while preparing financing for its pending acquisition of TEGNA.
The company is directing excess cash toward the TEGNA deal and debt reduction rather than raising the dividend.
Nexstar has filed FCC applications for broadcast license transfers and requested related regulatory waivers as part of the transaction process.
Nexstar Media Group, NasdaqGS:NXST, is holding its quarterly dividend steady even as it advances work on the TEGNA...