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The broadcast television industry knows it needs to consolidate. It's just struggling with how to do it.

In August, Nexstar Media Group, the largest owner of broadcast stations in the U.S., announced a proposed $6.2 billion deal to buy Tegna — a combination that would bring together more than 260 stations across the U.S.

Last week, Sinclair , the owner of 179 local TV affiliates, made a hostile offer to acquire its smaller peer E.W. Scripps after buying up nearly 10% of the company on the open market.

Both potential deals remain in limbo, and executives are getting antsy.

Companies like Sinclair and Nexstar run the affiliate stations of the maj

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