Nexstar Media Group founder and CEO Perry Sook says the local TV giant is “making good progress” toward closing its proposed acquisition of rival Tegna on schedule by the second half of 2026.

The $6.2 billion would make Nexstar the “poster company” for a transformed local broadcast sector, Sook acknowledged during the company’s third-quarter earnings call. Given that the combined entity would have TV stations reaching 80% of the U.S. – more than double the current federal limit of 39% for a single owner – company founder and CEO Perry Sook was asked about the fate of the rest of the industry if and when the mega-deal closes.

“A good, strong industry needs to have good, strong companies comprising it,” Sook said. “We think that we will be the poster company for not only what the fu

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