All articles tagged with #tegna
Nexstar Media Group plans to acquire Tegna, potentially merging two Tampa Bay TV stations, WFLA News Channel 8 and WTSP 10 Tampa Bay, which could significantly impact the local television news landscape.
Nexstar's proposed $6.2 billion acquisition of Tegna aims to consolidate local TV stations across the US, potentially reducing competition and coverage, but hinges on regulatory changes by the FCC, which may lift ownership restrictions to allow such mergers, raising concerns about media diversity and public interest.
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 Media Group announced a $6.2 billion deal to acquire Tegna, aiming to expand its reach to 265 TV stations across 44 states, covering 80% of U.S. households, with the deal expected to close by mid-2026 pending regulatory approval. The merger is driven by industry deregulation efforts and aims to strengthen local news and programming.
Nexstar Media Group is set to acquire TEGNA Inc. for $6.2 billion in a cash deal, aiming to strengthen its position as a leading local media company, enhance local journalism, and improve competitiveness against big tech and media firms. The transaction, approved by both companies' boards and subject to regulatory approval, will expand Nexstar's reach across key U.S. markets, increase operational diversity, and is expected to be highly accretive to shareholder value with significant synergies and growth prospects.
Shares of Tegna surged nearly 30% amid reports that Nexstar is in advanced talks to acquire the company, potentially leading to significant media consolidation. The deal's approval may be facilitated by the FCC easing local TV ownership rules, which are currently under review. The move reflects ongoing industry trends towards deregulation and consolidation, amid debates over monopolistic practices and market competition.
DirecTV and Tegna have reached a carriage deal, ending a 6-week blackout that affected around 5 million customers. Tegna's 64 owned stations will return to DirecTV systems, including DirecTV Stream and U-verse cable, just in time for the NFL playoffs. The companies expressed appreciation for their subscribers' patience and stated their commitment to aligning prices with value. This resolution comes after DirecTV's spinoff from AT&T and Tegna's terminated takeover by Standard General.
DirecTV subscribers in Cleveland will be unable to watch the Browns' playoff game against the Houston Texans due to a carriage dispute between DirecTV and Tegna, the owner of Cleveland's NBC affiliate WKYC. The dispute has been ongoing for over a month, affecting subscribers in Cleveland and other markets. Impacted subscribers have the option to switch to another provider or stream the game through Peacock or NFL+. Similar blackouts may occur for other teams in the Divisional round as Tegna owns affiliates in cities with playoff-bound teams.
A dispute between DirecTV and Tegna has resulted in many fans being unable to watch Week 13 NFL games and the SEC Championship Game. The disagreement stems from the rate Tegna wants DirecTV to pay for carrying its channels. The failure to reach an agreement impacts 5 million DirecTV customers. This is not the first time cable channels have gone dark due to carriage disputes, as ESPN and other Disney-owned channels previously went dark for Charter Spectrum cable subscribers.
DIRECTV and its streaming services have lost 66 local ABC, CBS, FOX, and NBC channels after failing to reach a deal with Tegna, the local broadcast station owner. This marks the second time this year that DIRECTV has faced a blackout due to a distribution agreement dispute. Tegna is seeking annual double-digit rate increases, while DIRECTV proposed offering local stations a la carte, which was rejected by Tegna. The blackout's duration is uncertain, but both sides remain far apart in negotiations.