Nexstar to acquire rival broadcast company Tegna in $6.2 billion deal

Nexstar Media announced its plan to acquire rival Tegna for $6.2 billion, aiming to enhance its reach in the U.S. television market, which includes over 200 stations and networks like The CW and NewsNation. If approved, the deal will close in the second half of 2026, allowing Nexstar to compete more effectively and expand into key markets as viewers increasingly shift from cable to streaming services.

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