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Nexstar to Acquire Tegna for $6.2 Billion, Expanding Reach

8/22/2025

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Summary

Story summary

Nexstar Media Group intends to acquire Tegna Inc. for $6.2 billion, forming the largest local broadcasting company in the U.S.
The merger will consolidate ownership of key TV stations in Indianapolis and Memphis.
The deal aims to improve news coverage and digital services, reaching nearly 80% of U.S. households.
Regulatory approval is needed, with the transaction anticipated to close in late 2026.

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Story summary

Nexstar Media Group intends to acquire Tegna Inc. for $6.2 billion, forming the largest local broadcasting company in the U.S.
The merger will consolidate ownership of key TV stations in Indianapolis and Memphis.
The deal aims to improve news coverage and digital services, reaching nearly 80% of U.S. households.
Regulatory approval is needed, with the transaction anticipated to close in late 2026.