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TEGNA ( (TGNA) ) has provided an announcement.
On August 18, 2025, TEGNA Inc. entered into a merger agreement with Nexstar Media Group, where Nexstar will acquire all outstanding shares of TEGNA for $22.00 per share in a transaction valued at $6.2 billion. This merger is expected to enhance Nexstar’s position as a leading local media company, increase its operational and geographic diversity, and drive increased profitability and returns for its shareholders. The transaction, approved by TEGNA’s board, aims to preserve local journalism and strengthen the company’s ability to compete with larger media and tech companies. The merger is subject to customary closing conditions, including regulatory and shareholder approvals, and is expected to close by the second half of 2026.
The most recent analyst rating on (TGNA) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on TEGNA stock, see the TGNA Stock Forecast page.
Spark’s Take on TGNA Stock
According to Spark, TipRanks’ AI Analyst, TGNA is a Outperform.
TEGNA’s overall stock score is driven by its strong financial performance and attractive valuation, despite challenges in revenue growth. Technical indicators suggest potential overbought conditions, while the earnings call highlighted both strategic strengths and revenue challenges. Corporate events indicate strong shareholder support.
To see Spark’s full report on TGNA stock, click here.
More about TEGNA
TEGNA Inc. operates in the media industry, primarily focusing on local television broadcasting. The company is known for its high-quality local journalism and digital products, serving various communities across the United States.
Average Trading Volume: 1,818,542
Technical Sentiment Signal: Buy
Current Market Cap: $3.3B
See more data about TGNA stock on TipRanks’ Stock Analysis page.