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Nexstar, Tegna merger closes after winning regulatory approval

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Nexstar, Tegna merger closes after winning regulatory approval

Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images

Nexstar Media Group closed its acquisition of fellow broadcast station group owner Tegna after sealing regulatory approval, despite antitrust lawsuits filed against the deal in recent days.

Nexstar’s $6.2 billion merger with Tegna brings together more than 260 local broadcast TV affiliate stations across the U.S.

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Nexstar and Tegna, like other broadcast station group peers, have been looking to consolidate as the industry faces the same challenges as its cable and entertainment media counterparts — namely the drop in pay-TV customers due to the rise of streaming and tech options.

“This transaction is essential to sustaining strong local journalism in the communities we serve. By bringing these two outstanding companies together, Nexstar will be a stronger, more dynamic enterprise—better positioned to deliver exceptional journalism and local programming with enhanced assets, capabilities, and talent,” Nexstar CEO Perry Sook said in a statement.

“We are grateful to President Trump, [FCC] Chairman Carr, and the DOJ for recognizing the dynamic forces shaping the media landscape and enabling this transaction to move forward.”

In February, President Donald Trump endorsed the merger between Nexstar and Tegna in a TruthSocial post after months of criticism about the potential effects of the deal.

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The proposed acquisition, which was announced in August, had been expected to close in the second half of 2026.

Broadcast station owners run the affiliate stations of the major networks like ABC, CBS, NBC and Fox, and are known for airing local news, sports and other broadcast content. The companies remain profitable due to hefty fees they receive from pay-TV distributors, and have argued that consolidation would preserve local TV news.

However, decades-old laws have prevented such mergers from happening in recent years.

The greenlight from the FCC and DOJ allows the deal to go through by waiving law that prevents any one company from owning broadcast stations that reach more than 39% of the U.S. TV households.

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However, in recent days two federal antitrust lawsuits were filed in a move to block the merger — one from attorney generals in eight states, including California and New York, and another from satellite and streaming TV provider DirecTV.

The lawsuits each argue that the combination is anticompetitive and would drive up customer costs, reduce competition, lead to the closure of local newsrooms and cause TV blackouts of stations due to carriage fights with distributors over pricing.

“DIRECTV supports the action taken by the states and has determined it is necessary to join this effort to protect competition and consumers,” said Michael Hartman, general counsel and chief external affairs officer at DirecTV in a release. “We have consistently made clear that this merger is anti-competitive and not in the public interest and, if it goes forward, will trigger a wave of similar consolidation.”

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Hints, Answer and Strategies for Puzzle #1736 on March 21, 2026

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US woman Denyse Holt always shared her daily Wordle score, so when she missed a day, her daughter immediately knew something was wrong

The New York Times’ daily Wordle puzzle for Saturday, March 21, 2026 — puzzle #1736 — delivered a moderately easy challenge with an average solve rate of 3.3 guesses among testers, according to the official Wordle Review. Released at midnight local time (with global resets aligning to players’ time zones), today’s five-letter word tested vocabulary around smoothness and surface qualities while offering straightforward clues for most solvers.

US woman Denyse Holt always shared her daily Wordle score, so when she missed a day, her daughter immediately knew something was wrong
rong

Wordle, the viral word-guessing game acquired by The New York Times in 2022, continues to captivate millions with its simple mechanics: guess a secret five-letter word in up to six attempts, with green tiles indicating correct letter and position, yellow for correct letter but wrong spot, and gray for absent letters. The puzzle resets daily, encouraging streaks and sharing results on social media.

**Today’s Wordle Answer**
The solution to Wordle #1736 on March 21, 2026, is **SLICK**. A versatile word functioning as a noun (an oily patch on a road), verb (to make smooth or glossy) and adjective (sleek, polished or slippery), it draws from Webster’s New World College Dictionary definitions emphasizing smoothness or glossiness. Common usage includes “slick road after rain” or “a slick operator,” adding layers of meaning that reward contextual thinking.

**Progressive Hints to Guide Your Solve**
For those tackling the puzzle blind or seeking strategic nudges, here are layered hints ranked from general to specific:

– Hint 1: The word describes something smooth, glossy or slippery in texture or appearance.
– Hint 2: It contains one vowel and no repeated letters.
– Hint 3: It begins with ‘S’ and ends with a consonant often associated with quick, effortless movement.
– Hint 4: Synonyms include “deft,” “polished,” “sleek” or “slippery” — think of a wet surface or a suave person.
– Hint 5: Rhymes with words like “brick,” “trick” or “quick.”

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These clues, drawn from community solvers and NYT’s own review, help narrow possibilities without immediate spoilers. The puzzle’s moderate difficulty stemmed from common letters in strong starter positions, allowing quick elimination of options.

**Strategies for Success on Today’s Puzzle and Beyond**
Wordle’s enduring appeal lies in its blend of luck and logic. For #1736, effective strategies included starting with vowel-heavy openers like ADIEU or AUDIO to test common vowels early, followed by consonant-rich words like SLANT or CRYPT to probe frequent letters.

Many solvers reported success with S-based starters (SLATE, STARE) given the word’s initial ‘S.’ Once the ‘S’ and ‘L’ appeared yellow or green, narrowing to SLICK proved straightforward due to limited alternatives fitting the pattern.

General tips for consistent performance:
– Prioritize vowel placement — today’s word had one vowel (I) in the third position, a common spot.
– Use the process of elimination: Gray tiles eliminate letters entirely; yellows reposition them.
– Avoid rare letters early unless clues suggest them — today’s puzzle featured everyday consonants.
– Track your average guesses: Testers averaged 3.3, meaning many finished in three or four rows with smart play.
– Preserve your streak: Play daily via nytimes.com/games/wordle or the NYT Games app.

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Community feedback highlighted the puzzle’s fairness — no obscure words or tricky plurals — making it accessible for casual players while rewarding strategic veterans. Some noted the adjective form dominated guesses, with “slick” evoking both literal slipperiness and metaphorical cunning.

**Why Wordle Remains a Daily Staple**
Since its 2021 launch, Wordle has evolved into a cultural phenomenon, spawning variants like Connections and inspiring daily rituals worldwide. In March 2026, the game maintains strong engagement amid seasonal themes and equinox timing, though puzzles remain independent of dates.

For Seoul-based players logging in at 11:23 p.m. KST on March 20 (ahead of the March 21 reset), the puzzle offers a relaxing wind-down or morning starter on March 21. Global solvers in different zones accessed it sequentially, fueling social shares and discussions.

If you nailed SLICK in few attempts, celebrate your streak; if it took more, tomorrow’s reset brings fresh opportunity. Wordle #1736 stands as a satisfying, balanced entry in the archive — proof the simple formula still delights after thousands of puzzles.

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Renn fund president Stahl buys shares worth $3.6k

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David Zaslav WBD-Paramount payout highlights CEO ‘golden parachutes’

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David Zaslav WBD-Paramount payout highlights CEO 'golden parachutes'
Warner Bros. CEO David Zaslav could make $887 million from Paramount deal. Here's how

Warner Bros. Discovery CEO David Zaslav‘s potential payout of more than $800 million from the Paramount Skydance deal highlights an obscure tax rule originally designed to limit CEO pay.

According to SEC filings, Zaslav could collect hundreds of millions of dollars in severance and other stock awards and payments following Paramount’s acquisition of WBD. The payments include about $500 million in share awards, about $115 million in vested stock awards and $34 million in cash, according to the filings.

The deal also includes up to $335 million in potential payments to Zaslav for what’s known as the “golden parachute” excise tax. The tax was originally created by Congress in the 1980s to limit what many considered to be outsized payouts to chief executives upon a change of control or sale of their companies. The tax, of 20%, kicks in when an executive’s payout exceeds three times their typical base salary and target annual bonus.

As part of the acquisition, Paramount agreed to pay Zaslav’s excise tax if his other payments trigger the tax. The reimbursement declines over time and drops to zero if the deal closes in 2027. Paramount has said it is aiming to close the deal, pending regulatory approval, by this fall.

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The Paramount board said the reimbursement would be paid by Paramount, not Warner shareholders.

Without the payment, known as a “gross up,” the board said “Mr. Zaslav would be at a substantial disadvantage in terms of excise tax exposure relative to the previously proposed transaction with Netflix,” which wouldn’t have involved a golden parachute tax.

Zaslav’s payout from the deal is expected to be around $667 million without the tax.

Management experts have said that rather than limiting pay, the golden parachute rules have instead incentivized CEOs to sell their companies and reap ever-higher rewards. The tax has also led companies, and their shareholders, to spend even more to pay the special taxes.

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“Over time, especially as executive compensation radically shifted toward stock-based pay, golden parachutes have become increasingly lucrative, platinum in many cases,” said Jeffrey Gordon, co-director of Columbia Law School’s Ira M. Millstein Center for Global Markets and Corporate Ownership, wrote in a paper. “Even if there is pain among those who are laid off when the firm is sold and layoffs occur, there is plainly one winner: the CEO with a golden parachute.”

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Aptiv prices $1.37 billion debt tender offer

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Iconic Action Classics Ranked for Fans in 2026

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Eminem, pictured performing at the MTV Movie Awards at Nokia Theatre on April 13, 2014 in Los Angeles, is rumored to be playing the 2018 Bonnaroo festival.

Chuck Norris, the martial arts legend and action icon who passed away March 19, 2026, at age 86, left behind a filmography packed with high-kicking, one-man-army spectacles that defined 1980s cinema. From his breakthrough villain role opposite Bruce Lee to his peak Cannon Films era, Norris delivered raw, unapologetic action that inspired generations — and endless internet memes.

Code of Silence (1985)
Code of Silence (1985)

With Norris’ recent passing renewing interest in his work, fans and critics have revisited his catalog. Rankings from Rotten Tomatoes, IMDb user lists, Slashfilm, MovieWeb, The Action Elite and other sources highlight recurring favorites. While critics often favored his more grounded performances, audiences embraced the over-the-top patriotism and roundhouse kicks.

Here are the 10 best Chuck Norris movies, compiled from consensus across fan votes, critical retrospectives and enduring popularity in 2026:

  1. Code of Silence (1985) Directed by Andrew Davis (“The Fugitive”), this Chicago cop thriller stands as Norris’ most polished effort. Playing Eddie Cusack, a detective caught between corrupt cops and the mob, Norris blends martial arts with dramatic weight. Praised for strong supporting cast (including Dennis Farina), on-location shooting and thrilling set pieces, it tops many lists — including Slashfilm’s 2026 retrospective — as his best “real” movie. Rotten Tomatoes gives it 68%, with fans calling it a hidden gem of 1980s action.
  2. Lone Wolf McQuade (1983) Norris stars as J.J. McQuade, a Texas Ranger battling a drug lord (David Carradine). This film laid groundwork for “Walker, Texas Ranger,” mixing gunfights, car chases and brutal fights. Its blend of humor, romance and over-the-top action earns high marks; many 2026 rankings place it No. 1 or 2. The final showdown with Carradine remains a highlight, showcasing Norris’ charisma and physicality.
  3. The Way of the Dragon (1972) Norris’ breakthrough came as the villain in this Bruce Lee classic (also known as “Return of the Dragon”). His Colosseum fight with Lee is one of cinema’s most iconic battles. With an 87% Rotten Tomatoes score — his highest-rated film — it introduced Norris to global audiences and proved his screen presence against the greatest martial artist ever.
  4. The Delta Force (1986) Inspired by the 1985 TWA hijacking, Norris leads a special forces team rescuing hostages. Lee Marvin’s final film role adds gravitas. Explosive set pieces, including a bus chase and helicopter assault, make it a Cannon Films staple. Frequently ranked in top 5s, it embodies Norris’ patriotic hero archetype.
  5. Invasion U.S.A. (1985) Norris as ex-CIA agent Matt Hunter repels a Soviet-Cuban invasion with machine guns and grenades. Pure 1980s excess — high body count, one-liners and anti-communist fervor — it ranks high in fan polls for sheer entertainment. The Action Elite and others call it peak Cannon Norris.
  6. Missing in Action (1984) Norris’ Braddock rescues POWs from Vietnam single-handedly. The first in a trilogy, it spawned sequels and echoed Rambo themes. Its success made Norris a box-office draw; fans praise the straightforward revenge plot and action sequences.
  7. The Octagon (1980) Norris battles a ninja cult led by his evil twin (played by himself). Intricate fight choreography and a mysterious plot set it apart from later films. Often cited in top 10s for martial arts purity and early 1980s vibe.
  8. Silent Rage (1982) Norris’ only horror-tinged role involves a super-soldier killer revived by mad scientists. Blending action with slasher elements, it offers a unique twist. Fans appreciate the novelty and intense fights.
  9. An Eye for an Eye (1981) Norris seeks vengeance after his partner and family are murdered. A gritty revenge tale with strong emotional stakes, it showcases his dramatic range amid brutal action.
  10. The Expendables 2 (2012) In a late-career cameo, Norris joins Stallone’s ensemble with memorable lines and a fight scene. His “toughest” reputation shines in this all-star throwback, earning high praise for humor and nostalgia.

Norris’ films, often low-budget Cannon productions, prioritized action over polish but delivered thrills. His legacy endures through streaming revivals and memes celebrating his toughness. In 2026, with tributes pouring in after his death, these movies remind fans why Norris became synonymous with unbreakable resolve.

From the Colosseum clash with Lee to one-man rescues, his screen presence left an indelible mark on action cinema.

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Globalfoundries: chief business officer Hogan sells $77,850 in shares

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The spring housing market is on, but mortgage rates just shot higher

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The spring housing market is on, but mortgage rates just shot higher

A realtor gives neighbors a tour during an open house at a home in Palm Beach Gardens, Florida, US, on Sunday, Jan. 11, 2026.

Zak Bennett | Bloomberg | Getty Images

Spring is traditionally the busiest season for home sales, and while this year’s market dynamics have shifted strongly in favor of buyers, broader forces in the economy are creating significant challenges.

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The most important factor in any season is mortgage rates. They were expected to be lower this year, as the Federal Reserve dropped its lending rate to counter inflation, but the war with Iran has turned that on its head. The cost of oil is shooting higher, leading to rising inflation and causing the Fed to reconsider.

Now, U.S. interest rates are rising, with mortgage rates following suit.

The average rate on the popular 30-year-fixed mortgage had started this year lower, even briefly dipping below 6% at the end of February, but it rose sharply this week to 6.53% on Friday, the first day of spring, according to Mortgage News Daily. It is now just 18 basis points below where it was a year ago.

Higher rates will weigh on affordability, but other factors have flipped the market in favor of buyers. Homes are sitting on the market longer, sellers are increasingly willing to lower prices and the supply of homes for sale is rising, albeit not as quickly as it should be.

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“As the housing market approaches the ‘best time to sell’ season, it sits in a precarious position, caught between long-term improvements and sudden short-term instability,” Jake Krimmel, senior economist at Realtor.com, wrote in a Weekly Housing Trends report. “Everything seems much more unsettled and uncertain than it did just a month ago.”

For the week ending March 14, active inventory was up 5.6% year-over-year, according to Realtor.com, but new listings were down 1.4%.

This means the number of homes for sale is climbing not because there are so many more sellers, but because the homes on the market are sitting. That may be because potential sellers who expected to put their homes on the market are holding back due to concerns about the implications of the Iran war.

“I think inventory is the bigger decider,” said Jonathan Miller, director of markets for StreetMatrix, a housing market data provider. “The idea that rates are going to noticeably come down this year, I think, is generally off the table.”

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Location, location

Given the disparity in inventory across different markets, this spring is likely to be a tale of many cities.

For example, in February, active listings in Las Vegas, Seattle, Cincinnati and Washington, D.C., were all up over 20% from a year ago, according to Realtor.com. Listings in San Francisco, Chicago, Miami and Orlando, Florida, meanwhile, were lower than a year ago.

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Home prices had been cooling off for much of the past year, and they continue to do so. Prices were just 0.7% higher in January than they were in January 2025, according to Cotality. That’s down from the 3.5% annual growth at the beginning of 2025. Higher mortgage rates, however, are taking away from that improved affordability.

The Northeast and Midwest are seeing the strongest price appreciation, led by New Jersey, Connecticut, Illinois, Wisconsin and Nebraska, due to tighter supply in those regions, according to Cotality.

Cotality ranks 69% of top metropolitan housing markets as overvalued, noting undervalued markets like Los Angeles, New York City, San Francisco and Honolulu could see a rebound in prices in 2027.

“Ultimately, locations with consistent job growth will remain the primary engines for price appreciation, but they also have larger inventory deficits which are driving pressure on home prices,” Selma Hepp, Cotality’s chief economist, wrote in a recent report.

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As for new construction, buyers are likely to see better deals this spring, as builders are struggling to unload an oversupply of homes. Inventories hit a 9.7-month supply in January, according to the U.S. Census, as the result of sales falling to the lowest level since 2022. A growing share of builders cut prices in March, according to the National Association of Home Builders.

“Affordability for buyers and builders remains a top concern,” Bill Owens, chairman of the NAHB, said in a release. “Many buyers remain on the fence waiting for lower interest rates and due to economic uncertainty. Builders are facing elevated land, labor and construction costs and nearly two-thirds continue to offer sales incentives in a bid to firm up the market.”

Construction of single-family homes also dropped in January. While some are blaming rough winter weather for the weakness in the new home market, builders are consistently battling affordability for both their customers and their own bottom lines. Costs for land, labor and materials have not eased.

“I think this is not going to be an inspiring year for the housing market. It started out with high expectations. I think the war, whatever the outcome, has really dampened enthusiasm and kept uncertainty really high,” Miller said.

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Labour to allow 30m wind turbines at schools and hospitals under new planning rules

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Labour to allow 30m wind turbines at schools and hospitals under new planning rules

Labour has unveiled plans to allow wind turbines up to 30 metres tall to be installed at schools, hospitals and farms without full planning permission, in a significant shift aimed at accelerating the rollout of small-scale renewable energy across the UK.

Under the proposed changes, ministers will extend permitted development rights, currently limited largely to domestic properties, to cover non-domestic sites including public sector buildings and commercial premises. The move is designed to enable organisations to generate their own electricity and reduce exposure to volatile energy costs.

At present, homeowners can install small turbines without planning approval, but these are capped at 15 metres when mounted on a building and 11.1 metres when placed in a garden. The new framework would more than double that height limit for non-domestic use, allowing turbines comparable in scale to mature trees to be deployed more widely.

A turbine of this size can generate up to 50 kilowatts of power, which the government says is sufficient to meet the full electricity demand of a medium-sized farm or significantly offset consumption at sites such as schools and hospitals.

Energy minister Michael Shanks said the reforms would give organisations “the tools to lower their bills and make the best use of their land”, describing onshore wind as one of the cheapest and quickest forms of energy to deploy.

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The policy comes against a backdrop of heightened energy price volatility driven by global geopolitical tensions, with ministers increasingly focused on boosting domestic generation to improve long-term resilience.

However, the proposals have already drawn criticism from opposition politicians and rural campaign groups, who warn the changes could sideline local communities.

Richard Tice, Reform UK’s deputy leader and energy spokesman, described the move as “intrusive”, accusing the government of weakening planning protections in pursuit of its net zero agenda.

Similarly, Sarah Lee of the Countryside Alliance cautioned that the reforms risk setting a precedent for wider development without adequate consultation. She said the key issue was not the turbines themselves, but “location, density and consent”, adding that planning rules exist to ensure local voices are heard.

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Despite the relaxation of rules, planning permission will still be required for installations in sensitive areas, including conservation zones, listed buildings and designated habitats.

Industry figures have broadly welcomed the shift, arguing it could help address one of the UK’s core energy challenges, its reliance on imported gas. Nigel Pocklington of renewable supplier Good Energy said scaling domestic renewables is “the most effective way to bring prices down over the long term”.

The reforms also attempt to address the slow uptake of small-scale wind technology in the UK. Despite permitted development rights for homes being in place since 2011, adoption has remained limited, with just 128 installations recorded over the past decade.

That lack of traction has been attributed to a combination of planning constraints, cost barriers and public resistance, challenges the government now hopes to overcome by targeting larger, non-domestic sites where energy demand is higher and installations can deliver more meaningful savings.

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For businesses and public sector organisations facing rising energy costs, the policy signals a shift towards decentralised, site-level generation, but its success will likely depend on how effectively ministers balance speed of deployment with local acceptance.


Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

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ITWO: Russell 2000 Covered Call Strategy That Outperforms Its Peers (BATS:ITWO)

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ITWO: Russell 2000 Covered Call Strategy That Outperforms Its Peers (BATS:ITWO)

This article was written by

Monte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with expertise in the technology, energy, industrials, and materials sectors. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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