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NEW YORK (AP) — Nexstar Media Group is buying broadcast rival Tegna , the parent company of KTVB Channel 7 in Boise, for $6.2 billion, bringing together two major players in U.S. television and the country’s local news landscape.

At a Glance:

Nexstar Media Group to acquire Tegna in $6.2B deal

Merger would unite more than 260 local TV stations

FCC deregulation seen as paving way for consolidation

Concerns raised over job cuts and homogenized content

If the transaction is approved, Nexstar will pay $22 in cash for each share of Tegna’s outstanding stock. And the regulatory greenlight could be likely under President Donald Trump’s administration, which has long-advocated for loosening industry restrictions.

Announcing the proposed merger Aug. 19, Nexstar

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