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Nexstar to Acquire Tegna in $6.2 Billion Deal, Marking Big Move to Consolidate Local TV Biz

Upon closing of the Tegna deal, Nexstar and its partners will have 265 full-power television stations in 44 states and Washington, D.C., covering 132 of the country’s 210 television markets covering 80% of U.S. TV households, the companies said. The combined company will have stations in nine of the top 10 markets, and 41 of the top 50.

Nexstar to Acquire Tegna in $6.2 Billion Local TV Deal, Citing Trump-Backed Initiatives

The deal will give the former 265 television stations in 44 states and D.C., representing 80% of U.S. television households

Texas-based Nexstar eyes staggering $6B acquisition to expand TV footprint

Within San Antonio, TEGNA oversees operations of KENS 5, while Nexstar doesn't have a dedicated station covering the Alamo City. Looking northward, it would change the media landscape within the Texas capital market,

Nexstar Media Group, Inc. Enters into Definitive Agreement To Acquire TEGNA Inc. for $6.2 Billion in Accretive Transaction

Enhances Nexstar’s Position as a Leading Local Media Company Preserves High-Quality Local Journalism and Diversity of Opinion Strengthens Ability to Compete with Big Tech and Big Media

Owner of WAVY-TV purchasing parent company of 13News Now in deal worth $6.2 billion

Nexstar Media Group, the parent company of Portsmouth-based WAVY-TV and WVBT-TV, is buying local news broadcast rival Tegna, the parent company of Norfolk-based 13News Now or WVEC-TV, for $6.2
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