Tegna, Nexstar merger expected to be completed by 2H26

According to a regulatory fifling, Tegna (TGNA) and Nexstar (NXST) expect that their merger will be completed by 2H26. As previously disclosed, on August 18, 2025, Tegna, entered into an Agreement and Plan of Merger with Nexstar Media Group, Inc., a Delaware corporation, and Teton Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Nexstar. Pursuant to the terms of the Merger Agreement, subject to the terms and conditions set forth therein, Merger Sub will be merged with and into Tegna, with Tegna continuing as the surviving corporation and as wholly owned subsidiary of Nexstar. As previously disclosed, on September 30, 2025, the parties to the Merger Agreement “filed their respective notification and report forms with respect to the Merger with the U.S. Department of Justice and the U.S. Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. On October 30, 2025, the Parties received a request for additional information and documentary material from the DOJ in connection with the DOJ’s review of the Merger. Issuance of the Second Request extends the waiting period under the HSR Act until 30 days after the Parties have substantially complied with the Second Request, unless the waiting period is terminated earlier by the DOJ or extended by agreement of the Parties. The Parties will continue to cooperate with the DOJ staff in its review of the Merger.