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Nexstar Acquires Tegna for $6.2 Billion Amid Antitrust Concerns

3/21/2026

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Summary

Story summary

Nexstar Media Group has finalized its $6.2 billion acquisition of Tegna, establishing the largest local television station operator in the U.S.
The merger received regulatory approval from the Federal Communications Commission (FCC) and the Department of Justice (DOJ), despite antitrust lawsuits from California and seven other states.
These lawsuits contend that the merger breaches federal antitrust laws, potentially increasing consumer costs and diminishing local news coverage.
California Attorney General Rob Bonta criticized the approval for favoring corporate interests over public welfare.
Nexstar's CEO, Perry Sook, emphasized that the merger is essential for maintaining local journalism.

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Story summary

Nexstar Media Group has finalized its $6.2 billion acquisition of Tegna, establishing the largest local television station operator in the U.S.
The merger received regulatory approval from the Federal Communications Commission (FCC) and the Department of Justice (DOJ), despite antitrust lawsuits from California and seven other states.
These lawsuits contend that the merger breaches federal antitrust laws, potentially increasing consumer costs and diminishing local news coverage.
California Attorney General Rob Bonta criticized the approval for favoring corporate interests over public welfare.
Nexstar's CEO, Perry Sook, emphasized that the merger is essential for maintaining local journalism.