Tegna, Sinclair
Digest more
Nexstar, the No. 1 owner of TV stations in the U.S., is acquiring rival Tegna in a deal that challenges decade-old limits on control of local media.
Tampa Bay Times on MSN4h
Nexstar’s takeover of Tegna would require an overhaul of FCC ownership rules
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.
With the announced sale of 10TV, two companies may own Central Ohio's four commercial television stations by the end of 2026.
2don MSN
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.
The deal will give the former 265 television stations in 44 states and D.C., representing 80% of U.S. television households
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.