Nexstar to Acquire Tegna in $6.2 Billion Media Consolidation
TL;DR Summary
Nexstar is planning to acquire Tegna in a $6.2 billion deal, aiming to expand its reach amid expectations of deregulation by the FCC that could loosen ownership limits, though critics argue such mergers harm local news coverage and competition.
- Nexstar agrees to buy Tegna for $6.2 billion, a massive consolidation of local TV stations CNN
- No. 1 owner of TV stations in US buying rival for $6.2 billion: What does it mean for Alabama? AL.com
- Nexstar Media Group, Inc. Enters into Definitive Agreement To Acquire TEGNA Inc. for $6.2 Billion in Accretive Transaction FOX4KC.com
- Nexstar to buy smaller rival Tegna for $3.54 billion in big local-TV deal CNBC
- Nexstar to Buy Tegna for $6.2 Billion The Wall Street Journal
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