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.
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Nexstar to acquire Tegna in $6.2B deal
KEY TAKEAWAYS: Nexstar to acquire Tegna for $6.2 billion in cash Merger would expand Nexstar’s reach to over 260 stations FCC deregulation and court rulings could spur more consolidation Deal expected to close by late 2026 pending approvals Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, which will help strengthen its local news offerings. The transaction, if approved, will bring together two major players in U.S. tel…
Nexstar CEO praises Trump as local TV giant announces $6.2 billion merger with rival
‘The initiatives being pursued by the Trump administration offer local broadcasters the opportunity to expand reach, level the playing field, and compete more effectively,’ Perry Sook said in a statement on Tuesday.
WWLP owner Nexstar buys TV group Tegna for $6.2B
SPRINGFIELD — Nexstar Media Group, owners of WWLP Channel 22 in Springfield and the largest owner of TV stations in the country, is buying rival Tegna Inc. in a $6.2 billion deal that includes taking on the company’s debt.
Nexstar Media Group Buying Tegna in $6.2B Deal
Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, which will help strengthen its local news offerings. The transaction, if approved, will bring together two major players in U.S. television and the country’s local news landscape. Nexstar oversees more than 200 owned and partner stations in 116 markets nationwide today and also runs networks like The CW and NewsNation. Meanwhile, Tegna owns 64 news stations across 51 markets. …
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