NasdaqGS:NXSTMedia
Nexstar Media Group (NXST) Buys TEGNA As NewsNation And The CW Gain Ground
Nexstar Media Group (NasdaqGS:NXST) has agreed to acquire TEGNA, marking a major expansion of its local TV station portfolio.
The company recently reported record quarterly net revenue alongside strong showings from NewsNation and The CW.
NewsNation continues to gain traction as a cable news outlet, while The CW is moving closer to profitability with added sports programming.
Nexstar Media Group enters this phase of expansion with its stock at $167.97 and a mixed recent performance, up 2.3%...