Nexstar-TEGNA Deal Gets Trump's Endorsement - More Upside Ahead

2026-02-09 15:12:29 ET

Shares of TEGNA Inc. ( TGNA ) and Nexstar Media ( NXST ) were both on the move Monday following comments by President Trump that seemingly endorsed their merger . As you can see below, TEGNA shares were up 8% in early trading Monday. After agreeing to sell itself to Nexstar in August, shares have been slowly but steadily declining as fears have mounted about the regulatory backdrop to the deal, and Trump’s post helped to alleviate these fears. In January , I recommended that investors buy TEGNA on the decline, given my view that a deal was highly likely to be completed. Since then, the stock has gained 9%, and the President’s comments are consistent with my view....

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