Nexstar, Tegna merger closes
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The Federal Communications Commission has signed off on broadcast station owner Nexstar’s $6.2 billion deal to acquire rival company Tegna, a merger that would create the largest operator of local tel
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FCC Approves Merger of Local Television Owners Nexstar and Tegna as Two Lawsuits Seek to Block It
The Federal Communications Commission has approved the merger of the Nexstar Media Group and its rival Tegna, creating a company that will control more than 250 television stations across the country,
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
Nexstar Media Group Inc. plans to sell $5.12 billion of bonds to help fund the acquisition of fellow TV-station owner Tegna Inc., marking a shift in the financing plans for the deal.
FCC approves Nexstar’s $6.2B Tegna deal, expanding reach to 80% of U.S. TV homes amid antitrust lawsuits and waivers.
CBS News says it will shut down its radio news service on May 22 after nearly a century on the air, while the FCC has approved the multibillion‑dollar Nexstar–Tegna merger, creating a company that will operate more than 250 TV stations nationwide — including WFAA and KDAF in North Texas — even as several states and DirecTV challenge the deal.
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Virginia Attorney General Jay Jones and North Carolina Attorney General Jeff Jackson are joining a multistate lawsuit to block Nexstar Media Group's proposed $6.2 billion acquisition of Tegna, warning the deal could raise costs and weaken local news across both states.