TEGNA in our Pivotal Point Check: Nexstar Acquisition Rumors Cause 30% Stock Surge – a Dominant Media Giant Would Emerge!
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Rumors of a potential acquisition by Nexstar Media Group have emerged. A deal with another company failed in 2022 due to regulatory concerns. A successful acquisition would strengthen the earnings potential of both companies. The U.S. media company TEGNA, known for its local television stations and digital media offerings, experienced a massive stock surge on August 11. Shares skyrocketed by nearly 30% after news broke that Nexstar Media Group is in advanced talks to acquire the competitor. This sudden increase followed a report...
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