Nexstar (NXST) TEGNA Merger Update

• Material Event: Nexstar disclosed receiving a Second Request from the U.S. DOJ for information regarding the acquisition of TEGNA Inc.
• Regulatory Impact: Issuance of the Second Request extends the waiting period under the Hart-Scott-Rodino (HSR) Act.
• Revised Timeline: Parties now expect the Merger to be completed in the second half of 2026.
• Risk Factors: Completion remains subject to the termination of the HSR waiting period, required regulatory approvals, and satisfaction of all closing conditions.

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