<SEC-DOCUMENT>0001104659-25-107836.txt : 20251106
<SEC-HEADER>0001104659-25-107836.hdr.sgml : 20251106
<ACCEPTANCE-DATETIME>20251106170020
ACCESSION NUMBER:		0001104659-25-107836
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20251106
DATE AS OF CHANGE:		20251106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEGNA INC
		CENTRAL INDEX KEY:			0000039899
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEVISION BROADCASTING STATIONS [4833]
		ORGANIZATION NAME:           	06 Technology
		EIN:				160442930
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06961
		FILM NUMBER:		251459381

	BUSINESS ADDRESS:	
		STREET 1:		8350 BROAD STREET
		STREET 2:		SUITE 2000
		CITY:			TYSONS
		STATE:			VA
		ZIP:			22102-5151
		BUSINESS PHONE:		7038736600

	MAIL ADDRESS:	
		STREET 1:		8350 BROAD STREET
		STREET 2:		SUITE 2000
		CITY:			TYSONS
		STATE:			VA
		ZIP:			22102-5151

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GANNETT CO INC /DE/
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 2pt solid; font-size: 1pt; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

</DIV>



<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>PROXY STATEMENT PURSUANT
TO SECTION 14(a) OF THE<FONT STYLE="font-size: 14pt"><BR>
</FONT>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>&nbsp;</B></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Filed by the Registrant <FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Filed
by a party other than the Registrant &thinsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD><TD STYLE="text-align: justify">Preliminary Proxy Statement</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD><TD STYLE="text-align: justify"><B>Confidential, for Use of the Commission Only (as permitted
by Rule 14a-6(e)(2))</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD><TD STYLE="text-align: justify">Definitive Proxy Statement</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD><TD STYLE="text-align: justify">Definitive Additional Materials</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD><TD STYLE="text-align: justify">Soliciting Material under &sect;240.14a-12</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>TEGNA INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>(Name of Registrant
as Specified In Its Charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>(Name of Person(s)
Filing Proxy Statement, if other than the Registrant)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Payment of Filing Fee (Check the appropriate box):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD><TD>No fee required.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD><TD>Fee paid previously with preliminary materials.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD><TD>Fee computed on table in exhibit required by Item 25(b) of Schedule 14A (17 CFR 240.14a-101) per Item 1 of this Schedule and Exchange
Act Rules 14c-5(g) and 0-11.</TD></TR></TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="margin: 0; text-align: justify"><IMG SRC="tm2530462d1_defa14aimg001.jpg" ALT="" STYLE="width: 147px; height: 40px">&nbsp;</P>

<P STYLE="font-size: 5pt; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">8350 BROAD STREET, SUITE 2000, TYSONS, VA, 22102</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 215.45pt 0pt 215.5pt; text-align: center">YOUR VOTE MATTERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>



<P STYLE="text-align: center; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">PLEASE VOTE YOUR PROXY TODAY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">November 6, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">Dear TEGNA Stockholder:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">We recently sent you proxy materials
for the Special Meeting of Stockholders of TEGNA Inc. scheduled to take place on November 18, 2025. Our recent records show that you have
not yet voted your shares. <B>Your vote is very important. </B>Please take one moment of your time to participate in the voting for this
important meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">As indicated in the proxy
statement dated October 10<FONT STYLE="font-size: 10pt"><SUP>th</SUP></FONT>, 2025, at the special meeting, stockholders will be asked
to consider and vote on three proposals: (i) a proposal to adopt the Agreement and Plan of Merger, dated as of August 18, 2025 (as it
may be further amended or supplemented, the &ldquo;Merger Agreement&rdquo;), by and among TEGNA, Nexstar Media Group, Inc., a Delaware
corporation (&ldquo;Nexstar&rdquo;), and Teton Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Nexstar (&ldquo;Merger
Sub&rdquo;) (the &ldquo;Merger Agreement Proposal&rdquo;), (ii) a proposal to approve, on an advisory (non-binding) basis, the compensation
that may be paid or become payable to TEGNA&rsquo;s named executive officers that is based on or otherwise related to the Merger Agreement
and the transactions contemplated by the Merger Agreement (the &ldquo;Compensation Proposal&rdquo;) and (iii) a proposal to adjourn the
Special Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to adopt the Merger Agreement
at the time of the Special Meeting (the &ldquo;Adjournment Proposal&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">TEGNA&rsquo;s Board unanimously
recommends that you vote: (1) &ldquo;FOR&rdquo; the adoption of the Merger Agreement Proposal; (2) &ldquo;FOR&rdquo; the Compensation
Proposal; and (3) &ldquo;FOR&rdquo; the Adjournment Proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>Internet and telephone voting
are available for your convenience and represent the most prompt methods to record your vote. </B>Please follow the instructions on the
proxy card or voting instruction form sent to you in order to vote electronically. Otherwise, please mark, sign, date and mail the proxy
card or voting instruction form in the postage-paid envelope you received.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Please vote your shares today.</B> If you need assistance
voting your shares, please contact D.F. King &amp; Co., Inc., which is assisting us, toll free at (800) 848-2998.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">On behalf of your Board of Directors,
thank you for your participation and continued support.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 98.45pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 98.45pt; margin-bottom: 0pt">Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><IMG SRC="tm2530462d1_defa14aimg002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">Howard D. Elias</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><I>Chairman of the Board of Directors of TEGNA</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Additional Information and Where to Find It </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">In connection with the Merger, TEGNA has filed relevant
materials with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;), including the definitive proxy statement filed with the
SEC on October 10, 2025 (the &ldquo;Proxy Statement&rdquo;). This communication is not a substitute for the Proxy Statement or for any
other document that TEGNA may file with the SEC and send to its stockholders in connection with the Merger. Before making any voting decision,
TEGNA&rsquo;s stockholders are urged to read all relevant documents filed or to be filed with the SEC, including the Proxy Statement,
as well as any amendments or supplements to those documents, because they contain or will contain important information about the Merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">TEGNA&rsquo;s stockholders are able to obtain a free
copy of the Proxy Statement, as well as other filings containing information about TEGNA (when available), without charge, at the SEC&rsquo;s
website (www.sec.gov). Copies of the Proxy Statement and the filings with the SEC that are incorporated by reference therein can also
be obtained, without charge, by directing a request to TEGNA Inc., 8350 Broad Street, Suite 2000, Tysons, VA 22102, or from TEGNA&rsquo;s
website, <I>https://www.investors.tegna.com</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Participants in the Solicitation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">TEGNA and certain of its directors, executive officers
and employees may be deemed to be participants in the solicitation of proxies in respect of the Merger. Information regarding TEGNA&rsquo;s
directors and executive officers is set forth in (i) TEGNA&rsquo;s proxy statement for the 2025 annual meeting of stockholders, which
was filed with the SEC on April 8, 2025 (the &ldquo;<U>2025 Annual Meeting Proxy Statement</U>&rdquo;), including under the sections captioned
&ldquo;Director Compensation,&rdquo; &ldquo;Executive Compensation&rdquo; and &ldquo;Securities Beneficially Owned by Directors, Executive
Officers and Principal Shareholders&rdquo; in the 2025 Annual Meeting Proxy Statement and (ii) the Proxy Statement, including under the
headings &ldquo;Interests of TEGNA&rsquo;s Executive Officers and Directors in the Merger,&rdquo; &ldquo;Stock Ownership and Interests
of Certain Persons,&rdquo; &ldquo;Employee Benefits,&rdquo; &ldquo;Indemnification and Insurance&rdquo; and Security Ownership of Certain
Beneficial Owners and Management.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;<IMG SRC="tm2530462d1_defa14aimg001.jpg" ALT="" STYLE="width: 147px; height: 40px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 295.7pt">8350 BROAD STREET, SUITE 2000, TYSONS, VA, 22102</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Cautionary Statement Regarding Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">All statements included herein other than
statements of historical fact, may be deemed forward-looking statements for purposes of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are based on a number of assumptions about future events and are subject to various risks,
uncertainties and other factors that may cause actual results to differ materially from the views, beliefs, projections and
estimates expressed in such statements. These risks, uncertainties and other factors include, but are not limited to, those
discussed under &ldquo;Risk Factors&rdquo; in each of Nexstar and TEGNA&rsquo;s Annual Report on Form 10-K for the fiscal year ended
December 31, 2024 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025 and subsequent filings,
and the following: (1) the timing, receipt and terms and conditions of any required governmental or regulatory approvals of the
Merger that could reduce the anticipated benefits of or cause the Parties to abandon the Merger, (2) risks related to the
satisfaction of the conditions to closing the Merger (including the failure to obtain necessary regulatory approvals or the approval
of TEGNA&rsquo;s stockholders), in the anticipated timeframe or at all, (3) the risk that any announcements relating to the Merger
could have adverse effects on the market price of TEGNA&rsquo;s common stock, (4) disruption from the Merger making it more
difficult to maintain business and operational relationships, including retaining and hiring key personnel and maintaining
relationships with TEGNA&rsquo;s customers, vendors and others with whom it does business, (5) the occurrence of any event, change
or other circumstances that could give rise to the termination of the Merger Agreement, (6) risks related to disruption of
management&rsquo;s attention from TEGNA&rsquo;s ongoing business operations due to the Merger, (7) significant transaction costs,
(8) the risk of litigation and/or regulatory actions related to the Merger or unfavorable results from currently pending litigation
and proceedings or litigation and proceedings that could arise in the future, (9) other business effects, including the effects of
industry, market, economic, political or regulatory conditions and (10) information technology system failures, data security
breaches, data privacy compliance, network disruptions, and cybersecurity, malware or ransomware attacks, which could exacerbate any
of the risks described above. Readers are cautioned not to place undue reliance on forward-looking statements made by or on behalf
of TEGNA. Each such statement speaks only as of the day it was made. Neither Nexstar nor TEGNA undertake any obligation to update or
to revise any forward-looking statements. The factors described above cannot be controlled by Nexstar or by TEGNA. When used in this
communication, the words &ldquo;believes,&rdquo; &ldquo;estimates,&rdquo; &ldquo;plans,&rdquo; &ldquo;expects,&rdquo;
&ldquo;should,&rdquo; &ldquo;could,&rdquo; &ldquo;outlook,&rdquo; and &ldquo;anticipates&rdquo; and similar expressions as they
relate to Nexstar, TEGNA or their respective management teams are intended to identify forward looking statements.</P>

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