(WTVO) — Nexstar Media has agreed to buy Tenga, another media giant, for $6.2 billion.

The acquisition would allow Nexstar Media to own and operate 265 local TV stations across 44 states, upon the Federal Communications Commission (FCC) approval.

A regulation that is currently in place requires companies to cover a maximum of 39 percent of all US TV households.

Station owners said they need to have the percentage raised to compete in the digital age.

FCC Chairman Brendan Carr called the caps "arcane and "artificial" when he allowed the FCC to review the issue.

"What I would do is empower those local broadcasters [who] actually serve their local communities," he said in May. "There's lots of ways we can do that. Looking at ownership reform might be one way to do it … We have these arca

See Full Page