Nexstar’s CEO and Chairman, Perry Sook, emphasized that the upcoming acquisition of Tegna does not mark the end of Nexstar’s acquisition pursuits. Sook stated during the company’s third quarter earnings call that they will continue seeking acquisitions that align with their strategic goals and provide significant value to the company.

Sook highlighted that Nexstar’s future focus will involve exploring revenue opportunities beyond traditional TV broadcasting, particularly in non-video applications of ATSC 3.0, also known as NextGen TV. He emphasized the need for Nexstar to enhance its advertising capabilities to compete effectively in the evolving media landscape.

In August, Nexstar announced a $6.2 billion deal to acquire Tegna, a move that will consolidate their presence in the broadcast television market. The transaction, once finalized, will give Nexstar control over 265 stations across 44 states and the District of Columbia, reaching 80% of U.S. television households. The company is progressing towards closing the deal, with a shareholder vote scheduled for Nov. 18 and FCC applications pending government reopening.

Nexstar remains committed to its acquisition strategy and aims to complete the Tegna acquisition by the second half of 2026.

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