TV Giant Nexstar Agrees to Acquire a Rival, Tegna
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Nexstar had been in talks with smaller rival Tegna to merge its local TV stations amid the continuing consolidation of the U.S. broadcast sector.
Nexstar says its $6.2 billion takeover of Tegna is expected to close in the second half of 2026 — timing that would align with the lucrative wave of political ads during the midterm elections. But that plan still depends on Tegna shareholders, who may yet consider Sinclair’s competing offer.
Nexstar beat out rival Sinclair, which was offering between $25 and $30 per share, significantly above Nexstar's winning bid.
The three broadcast companies divide Portland's TV market.
A blockbuster deal, a fallen rival, and a shot at dominating 80% of American screens--if regulators don't blink.
Tysons, Virginia-based broadcaster Tegna, whose 64 stations include WUSA Channel 9 in D.C., agreed to be acquired by larger local TV station owner Nexstar.
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No. 1 owner of TV stations in US buying rival for $6.2 billion: What does it mean for Alabama?
America’s largest owner of television stations announced a blockbuster deal to acquire a rival. Nexstar is buying Tegna for $6.2 billion in a deal that promises to reshape the television industry, according to a press release.
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