TEGNA Stock Soars 28.87% on Nexstar Acquisition Talks

On August 11, 2025, TEGNA's stock surged by 28.87% in pre-market trading, driven by the news of potential acquisition talks with Nexstar Media Group.

Nexstar Media Group is in advanced discussions to acquire TEGNA for approximately $2.5 billion. This potential deal, if finalized, would create one of the largest media conglomerates in the United States, combining Nexstar's extensive broadcast network with TEGNA's 64 television stations.

Analysts have responded positively to the news, with several brokerage firms rating TEGNA as an "Outperform." The average price target for TEGNA's stock is set at $20.75, indicating a potential upside of 35.53% from its current trading price. This optimistic outlook is supported by TEGNA's strong dividend yield of 3.27% and its solid financial health, which includes a low payout ratio and robust profitability.

Investors are closely monitoring the regulatory implications of the potential acquisition, as such a significant merger would require approval from antitrust authorities. The outcome of these regulatory reviews will be crucial in determining the final terms and timeline of the deal.