Report: Nexstar in Advance Talks to Acquire Rival Tegna

Report: Nexstar in advance talks to acquire rival Tegna

TV broadcast company Nexstar is in advanced talks to acquire rival Tegna, according to a report from Reuters. The move would be the latest in the ongoing consolidation of the local news industry. Major TV deal The report says a deal could be finalized soon, barring any last-minute obstacles. Nexstar owns or is partnered with more than 200 TV stations across 116 different U.S. markets. Tegna owns 64 different stations across 51 different markets.…

TV Station Owner Nexstar Is Said in Talks to Acquire Rival Tegna

Broadcaster Nexstar Group Inc., the largest TV station operator in the US, is in talks to acquire competitor Tegna Inc., according to a person with the knowledge of the matter.

Sources: Nexstar, which owns or partners with over 200 TV stations, is in advanced talks to acquire Tegna, which has 64 TV stations; TGNA rises 30%+ after hours

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