Major M&A activity includes Public Storage's $10.5B acquisition of National Storage Affiliates, Mastercard's $1.8B purchase of stablecoin startup BVNK, and IBM's $11B acquisition of Confluent. Meanwhile, several companies filed for bankruptcy including Domino's franchisee, The Lycra Company, Baker & Taylor, and others, while some companies like G...

Fort Baker Capital Management LP sold its entire stake in TEGNA, offloading 1,678,588 shares worth $34.3 million. The exit represents a full exit from the media company, which previously accounted for 1.7% of the fund's assets. The sale likely reflects concerns about cord-cutting trends and the decline in traditional TV viewership as consumers sh...

President Trump endorsed Nexstar Media Group's $6.2 billion acquisition of Tegna Inc., reversing his November opposition to the deal. The combined entity would reach roughly 80% of U.S. households, though the FCC must lift its 39% household reach cap for the deal to proceed. The transaction is expected to close in the second half of 2026.

TEGNA shareholders voted to approve a merger with Nexstar Media Group, with approximately 98% of voted shares supporting the deal. The transaction is expected to close in the second half of 2026, pending regulatory approvals.

Newsmax CEO Chris Ruddy opposes a potential merger between Nexstar and Tegna, arguing that it could reduce media competition and give too much power to broadcast networks. The merger requires changing an FCC rule limiting TV station ownership to 39% of U.S. households.