Reported about 11 hours ago
This article summarizes a bullish thesis regarding Nexstar Media Group, Inc. (NXST), particularly focusing on its recent acquisition of Tegna (TGNA). While the cash acquisition aims to enhance scale and competitive positioning, concerns about increased leverage and the declining broadcast TV audience persist. The long-term sustainability of NXST is questioned due to reliance on financial engineering and lack of organic growth, contrasting with the certainty offered to Tegna shareholders through an all-cash payout.
Source: YAHOO