Nexstar to Acquire Tegna in $6.2 Billion Deal

In a deal combining to two sizable players in the local TV station biz, Nexstar Media Group said it reached a deal to buy Tegna in a transaction valued at $6.2 billion

The purchase price is inclusive of Tegna’s net debt and estimated transaction fees and expenses. The deal, subject to regulatory approval including by the FCC, is expected to close by the second half of 2026. Nexstar has just over 200 owned or partner stations and Tegna has 64 stations across the U.S.

Upon closing of the Tegna deal, Nexstar and its partners will have 265 full-power television stations in 44 states and Washington, D.C., covering 132 of the country’s 210 television markets covering 80% of U.S. TV households, the companies said. The combined company will have stations in nine of the top 10 markets, and 41