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FCC approves $6.2 billion Nexstar-Tegna merger day after CA lawsuit was filed

The deal expands Nexstar's reach to 80% of U.S. homes with 265 stations but faces antitrust lawsuits from eight state attorneys general and DirecTV over competition concerns.

  • On Thursday, the Federal Communications Commission and Justice Department approved Nexstar Media Group, Inc.'s $6.2 billion acquisition of TEGNA Inc., and the transaction closed the same day.
  • FCC Chairman Brendan Carr waived the 39% ownership cap, and Nexstar agreed to divest six stations after the DOJ granted early review termination.
  • Owning 265 stations, the combined group will reach roughly 80% of U.S. households across 44 states and Washington, D.C., with the company owning 200 stations and TEGNA 64.
  • The legal challenges — brought by eight states and DirecTV — remain pending in federal court after California Attorney General Rob Bonta and others sued Thursday to block the merger, saying it would reduce competition.
  • Critics, including FCC Commissioner Anna Gomez, called the approval opaque and warned it could harm local news, while Sook said it is essential to sustain local journalism.
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Reuters broke the news in United Kingdom on Thursday, March 19, 2026.
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