Nexstar secures merger with Tegna after FCC, DOJ approval
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Nexstar Media Group completes acquisition of Tegna after FCC and DOJ approval, consolidating major local television station operators.
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Nexstar Media Group has completed its acquisition of Tegna after receiving approval from the Federal Communications Commission and Department of Justice. The FCC granted Nexstar a waiver to proceed despite a federal ownership cap on the percentage of the U.S. population a single broadcaster can reach. The deal consolidates two major local television station operators and significantly expands Nexstar's footprint in the broadcast market. Regulatory clearance removes the final barrier to the merger, which combines substantial portfolios of local news and advertising operations. The combined entity will now control a larger share of the local broadcasting landscape across the country.
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