Nexstar Acquires Tegna, Becomes Largest TV Station Owner
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Nexstar Media Groups $6.2 billion acquisition of Tegna completes, making it the largest local TV station owner in the US. The deal, announced in August 2025, adds 64 stations across 51 markets, bringing Nexstars total to 265 stations in 44 states and D.C. Post-closure, Nexstar raises $5.1 billion in debt to pay off deal debts and fund future acquisitions. Critics argue the merger exceeds federal ownership limits and threatens local news. Despite antitrust suits and concerns, the FCC approves the deal, imposing conditions like divesting six stations and boosting local journalism. This acquisition solidifies Nexstars lead over competitors like Sinclair, focusing on operational integration and expanding ad reach nationwide.
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