Nexstar Media Group

NXST

Market cap $5.99B

A federal judge eased some of the restrictions on his order that at least temporarily blocked Nexstar's merger with Tegna, but he also extended the freeze on the transaction for another week. U.S.

A U.S. judge on Friday extended an order temporarily freezing Nexstar's acquisition of rival broadcast station ​owner Tegna for another week as he decides whether to issue a ‌preliminary injunction.

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2026 first quarter financial results on Thursday, May 7, 2026. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial 1-877-407-9208 or 1-201-493-6784, conference ID 13759681 (domestic and international callers). Participants can also listen to a live webcast of the call throu.

Nexstar weighed in for the first time on a judge's order that halted its merger with Tegna, warning the court that it will have difficulty fully complying because certain aspects of the closed transaction “cannot be reversed.” U.S.

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U.S. Senators ​Ted Cruz ‌and Maria Cantwell ​questioned ​the Federal Communications ⁠Commission ​Chair Brendan ​Carr, criticizing his approval ​of ​Nexstar's merger with ‌Tegna , ⁠Bloomberg News reported on ​Monday.

Nexstar stock fell 11% as Monday's trading day neared its end, reflecting investor angst over a federal judge's decision temporarily blocking the company's merger with Tegna. The drop is a stunner for the shares, which have been among the steadiest in the media sector. Over the past five years, they have risen by 94%.

A federal judge on Friday evening granted a temporary restraining order to halt Nexstar's merger with Tegna, a transaction that creates a broadcasting giant with almost 270 stations across the country. U.S. District Judge Troy Nunley sided with DirecTV, which is seeking to block the merger, arguing that it violates antitrust laws.

A U.S. judge late Friday ordered ​Nexstar to temporarily keep ‌Tegna's assets separate pending a review of whether the ​broadcast station owner's $3.54 billion ​acquisition of its rival ⁠Tegna violates federal antitrust ​laws.

The Nexstar-Tegna merger is being challenged in the courts on a number of fronts, but in the meantime it's the source of a political clash between California Governor Gavin Newsom and FCC Chairman Brendan Carr.