Nexstar rises after US judge halts Tegna merger

Nexstar Media

20/04/2026 15:32

** Shares of broadcasting firm Nexstar Media NXST.O rise ~2% to $204.6

** A federal judge on Friday halted NXST's acquisition of rival broadcast station Tegna, issuing a preliminary injunction that freezes the deal

** NXST said it would appeal the decision

** The court's order bars Nexstar from consolidating its operations with Tegna, but does not unwind the transaction

** Up to last close, stock had fallen 1.1% YTD

 (Reporting by Harshita Mary Varghese in Bengaluru)

 ((HarshitaMary.Varghese@thomsonreuters.com))