Five U.S. states have joined a lawsuit aimed at blocking the proposed merger between Nexstar Media Group and Tegna Inc., citing concerns over market concentration.

Eight US states have asked a judge to issue a temporary restraining order to halt the $3.5 billion merger of Nexstar Media Group and Tegna, arguing the deal would create the largest broadcast station group, cut jobs, and increase consumers’ cable bills.

Nexstar Media Group has announced a dividend of $1.86 per share.

The Federal Communications Commission (FCC) has given its approval for the merger of local television owners Nexstar Media Group and Tegna, a deal that will create a company owning 259 television stations across 44 states.

Nexstar Media Group is reportedly planning to replace local network news programming with content from its national news channel, NewsNation.

A summary of Nexstar Media Group, Inc.'s Q4 2025 earnings call has been released, outlining the company's financial performance.