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Nexstar to acquire Tegna for $6.2 billion in cash

Merger would expand Nexstar’s reach to over 260 stations

FCC deregulation and court rulings could spur more consolidation

Deal expected to close by late 2026 pending approvals

Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, which will help strengthen its local news offerings.

The transaction, if approved, will bring together two major players in U.S. television and the country’s local news landscape. Nexstar oversees more than 200 owned and partner stations in 116 markets nationwide today and also runs networks like The CW and NewsNation. Meanwhile, Tegna owns 64 news stations across 51 markets.

“The initiatives being pursued by the Trump administration offer local broadcasters the opportuni

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