US EditionNexstar to Buy Tegna for $6.2 Billion, Creating a 265-Station Local Giant
The $6.2 billion deal will create a company covering 80% of U.S. TV households with 265 stations in 44 states and Washington, D.C., enhancing local news offerings.
- Earlier this month, Nexstar Media Group, Inc. entered into a definitive agreement to acquire TEGNA Inc. in a $6.2 billion transaction, including debt.
- Amid rapid industry change, Nexstar said TEGNA represented the best opportunity to expand its local TV presence, pending regulatory approval.
- Upon closing, the deal will combine 265 full-power television stations across 44 states and Washington, D.C., reaching 132 of 210 markets and 80% of U.S. TV households.
- Nexstar expects to close the deal by the second half of 2026, pending approval from regulators and shareholders, and anticipates $300 million in annual net savings.
- With regulators eyeing consolidation, Perry A. Sook said the deal aims to expand presence in DMAs including Atlanta, Phoenix, Seattle, and Minneapolis to secure local news's future.
139 Articles
139 Articles
Three TV stations, one owner: What’s at risk?
A merger of television station owners could leave Des Moines area viewers with fewer choices. (Photo via Getty Images)The announced merger of companies that own local TV stations will have a huge impact around the country, but especially in Des Moines where the combined company would own three local stations, including two of the top three. Nexstar already owns the largest number of local television stations in the country, more than 200. It own…
997wpro.com
Nexstar Seeks $6.2 Billion Tegna Acquisition as Conservatives Cry Foul
In a landmark move announced Tuesday, Nexstar Media Group — the largest owner of local television stations in the U.S. — revealed plans to acquire Tegna, the fourth-largest broadcaster, in an all-cash deal valued at $6.2 billion. If approved, this merger would put Nexstar — owner of the left-leaning NewsNation — as the nation's dominant media conglomerate consolidating hundreds of stations across dozens of markets, and changing the landscape of …
Nexstar Media Group to purchase Tegna. Here's what it means for local TV stations.
In a deal that has the potential to reshape the landscape of local TV news across the country, Nexstar Media Group, which owns WGNO and WNOL in New Orleans, has announced plans to acquire rival Tegna, parent company of WWL…
Coverage Details
Bias Distribution
- 77% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
