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r/wallstreetbetsr/wallstreetbets· u/Leading_Goal3672· 2d agoDD 0

$NXST Nexstar being reported to FCC, FBI, AGs for violating civil rights under color of law as part of campaign to silence threat to merger

Investor summaryBearish

Author claims $NXST hides adverse merger info, inflates valuation via Good Faith Estimates, and faces federal investigations.

Bear points
  • Company is allegedly suppressing material adverse information known to the merger team.
  • Valuation is highly inflated; out of $17B, only $5B is real value, with the rest leveraged on Good Faith Estimates.
  • Faces severe legal and regulatory risks from FBI, FCC, and State AGs regarding fraud tied to the TEGNA merger.
NXST价值 / 回购
Post body

I need WSB's help for due diligence. If anyone has questions I'll answer if and when I can.

Bottom line is that Nexstar has been going to great lengths to suppress adverse material information that I can prove their mergers team knew about in January 2026.

I don't believe their Good Faith Estimate valuation can hold given the situation as it stands. Correct me if I'm wrong, the GFE is propping the company up financially.

$17B but only $5B is value, the rest is leveraged based on the idea that over $5B is Good Faith.

You can find evidence related to due diligence:

  1. OnlineOnline C26-00193 is the civil suit filed Jan 2026 in Contra Costa County, California.
  1. There are other cases references therein, I believe you have to go in person to the courthouse in SF for one.
  1. April 15th, 2025, and April 16th, I filed Public File Requests via email the station. These requests are required to be in the Public File. Any member of the public must be given access during business hours. If the SF station doesn't have the Requests, let me know and I'll share them here.
  1. There are lawsuits across the country that suggest pattern and practice.

Here's part of what I have or am reporting, organized loosely.

FBI —

the federal hooks: mail fraud (the metered physical mailings, the postmark/send-date discrepancy, the institutional postage-meter trace tying the "independent" attorney's letter to institutional infrastructure); color-of-law civil-rights violations (state instruments — 5150, sheriff, DA referral — deployed against a protected-class individual and his family by a federally-funded agency); and the interstate/federal-program dimension (connection to Community Action Agency, Head Start/CalAIM).

AG(s) —

the pattern and the public-interest fraud: the Nexstar–TEGNA merger representations (essential local journalism / public interest), the falsification of that representation via newsroom conduct and selective coverage, tied to the already-live antitrust matter the AGs are litigating; the pattern across the other Nexstar lawsuits nationally to convert incident into practice; violation of civil rights under color of law by Nexstar agents; April 2025 State Sergeant referral for same group committing fraud found me credible.

FCC —

the license and the localism record: the pending/tolled station renewal (open objection window), the public-file selectivity (political file current, public-interest documentation frozen), the issues/programs question, the "Focus on Fentanyl" branded coverage running his nonprofit's work while suppressing the story about its own newsroom — framed as the localism representation being false in practice, before the same Commission that waived the cap for the merger.

Nexstar GC —

the disclosure dimension: now-undeniable dated notice to the officer responsible for materiality judgments; the structural knowledge problem (they engaged the complaint by characterizing it → knowledge → intent); the refused April complete indemnity offer in exchange for investigation of local station as documented consciousness of guilt; hiring civil suit defendant into Nexstar in May 2026, despite proof I have been contacted repeatedly by the person they claim is afraid of me; ongoing unfair business practices and intentional interference across my life; securities fraud if misrepresentations to FCC, lenders, etc.

Nexstar's Fixer/Handler —

the captured-attorney/conflict thread: institution-controlled counsel posing as adjacent to the fiancée; covered by the station July 2024; who's paying for him; the conflict (named-by-plaintiff, should have withdrawn, didn't); the litigation-hold refusal in a 42-minute reply (spoliation + self-refuting "I don't engage" posture); reporting the plaintiff to police after being named (monitoring proven by the report → notice of his own conflict → adverse state-action conduct anyway); repeated harassment and threats after being told do not contact.

Workday —

the surveillance-infrastructure entanglement: the \~24-hour call from the mergers team after filing in January 2026; HR/surveillance apparatus running on the platform; rendered as a tickered party (the financial-venue signal), party too large for Nexstar to manage.

SFPD —

the state-action enforcement: police deployed on knowingly false predicates, the 35-day service gap vs. the workplace-shooter claim, the March 11 service triggered by his connecting the order to the threatening letter; the civil-rights exposure of the department being paid (e.g., for event security) while enforcing orders as instruments of the campaign; five 4:10 am calls by investigating officer with no explanation; tap and trace on my phone.

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