Nexstar-Tegna Merger Approved by FCC, DOJ as Lawsuits Threaten $6.2 Billion Local TV Deal
Thursday saw Nexstar Media Group finalize its $6.2 billion purchase of Tegna, cementing its spot as the largest owner of local TV stations in the U.S. The deal got the green light from both the FCC and Justice Department, but it’s not out of the woods—states and DirecTV are still fighting the merger in court. The enlarged Nexstar now controls 265 full-power stations across 44 states and Washington, D.C.