Nexstar (NXST) stock jumps as Trump backs Tegna deal and FCC ownership fight heats up
Nexstar shares surged 14.3% to $252.88 Monday after former President Trump and FCC Chairman Brendan Carr backed its proposed Tegna takeover. The Senate Commerce Committee will hold a hearing Feb. 10 on broadcast ownership rules, including the 39% national cap. Tegna and other TV broadcasters also rose. Investors await regulatory signals and Nexstar’s Feb. 26 earnings.