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Nexstar Media will acquire Tegna for $3.54 billion, expanding Nexstar's market presence to 80% of U.S. TV households.

The merger creates a larger local TV entity to compete with national media and tech companies for advertising revenue.

The deal, expected to close in late 2026, will combine Nexstar's 200+ stations with Tegna's 64 stations and networks.

Two companies may own central Ohio's four commercial television stations by the end of 2026.

Nexstar Media, owner of NBC4 in Columbus, has agreed to buy smaller rival Tegna, owner of CBS affiliate 10TV, for $3.54 billion, creating a local-TV powerhouse that seeks to compete better with big tech and national media for advertising dollars.

Tegna also owns 1460 ESPN Columbus and The Fan 97.1 in Columbus, WKYC in Cleve

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