Nexstar Strikes $6.2 Billion Deal to Acquire Tegna, Raising Fresh Debate Over Media Consolidation
Nexstar Media Group, already the largest owner of local TV stations in the United States, has announced plans to buy rival broadcaster Tegna in a deal valued at $6.2 billion, including debt. The acquisition, unveiled Tuesday, would further expand Nexstar’s national footprint but is subject to regulatory approval. If approved, the transaction would mark one…