News

Nexstar to buy Tegna for $6.2B, exceed media ownership norms

Nexstar Media announced it will purchase Tegna, the broadcast arm of Gannett. It will buy all shares of Tegna for $22 per ...

Nexstar to Acquire Tegna in $6.2 Billion Deal, Marking Big Move to Consolidate Local TV Biz

Upon closing of the Tegna deal, Nexstar and its partners will have 265 full-power television stations in 44 states and ...

Nexstar to buy rival Tegna for $6.2B — creating nationwide local TV giant

Nexstar beat out rival Sinclair, which was offering between $25 and $30 per share, significantly above Nexstar's winning bid.

Irving-based Nexstar to buy rival Tegna for $3.54 billion in big local-TV deal

Irving-based Nexstar Media has agreed to buy smaller rival Tegna for $3.54 billion, creating a local-TV powerhouse that seeks ...
Sportico on MSN1d

Nexstar’s Tegna Buy Creates Larger Player in Local Sports Rights

Nexstar, the largest broadcast affiliate owner in the U.S. and owner of the CW, announced Tuesday it has entered an agreement ...
The Poynter Institute for Media Studies1d

Nexstar’s takeover of Tegna would require an overhaul of FCC ownership rules

Nexstar says its $6.2 billion takeover of Tegna is expected to close in the second half of 2026 — timing that would align ...