TEGNA Shareholders Approve Merger with Nexstar
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
TEGNA ( (TGNA) ) just unveiled an update.
On November 18, 2025, TEGNA Inc. held a special meeting where shareholders approved a merger agreement with Nexstar Media Group, Inc., with approximately 98% of the voting shares in favor. The merger, expected to close by the second half of 2026, will result in TEGNA becoming a subsidiary of Nexstar, and its shares will cease trading on the New York Stock Exchange, pending regulatory approvals and customary closing conditions.
The most recent analyst rating on (TGNA) stock is a Hold with a $21.50 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 Neutral.
TEGNA’s overall stock score reflects a mixed financial performance with challenges in revenue growth and profitability, offset by a strong balance sheet and attractive valuation. Technical indicators suggest potential consolidation, while the earnings call highlights both strategic progress and market challenges. The stock’s low P/E ratio and reasonable dividend yield provide some support for its valuation.
To see Spark’s full report on TGNA stock, click here.
More about TEGNA
TEGNA Inc. is a media company that provides local news and services through 64 television stations across 51 U.S. markets, reaching over 100 million people monthly via web, mobile apps, connected TVs, and linear television.
Average Trading Volume: 2,167,813
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.2B
For an in-depth examination of TGNA stock, go to TipRanks’ Overview page.
