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Nexstar to acquire Tegna in $6.2B deal

Variety on MSN · 22h

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.

Los Angeles Times on MSN · 21h

Nexstar agrees to acquire Tegna in $6.8 billion TV station group deal

The Irving, TX-based Nexstar, which owns Los Angeles outlet KTLA, will pay $22 a share for Tegna in a deal valued at $6.2 billion. The offer is 30% over the 30-day average of Tegna's closing stock price on Aug. 8.

CNN on MSN · 19h

Nexstar agrees to buy Tegna for $6.2 billion, a massive consolidation of local TV stations

The biggest owner of US TV stations is trying to get even bigger, believing the Trump administration will allow it to do so.

8hon MSN

Nexstar to buy rival Tegna for $6.2B — creating nationwide local TV giant

Nexstar beat out rival Sinclair, which was offering between $25 and $30 per share, significantly above Nexstar's winning bid.

8hon MSN

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 ...

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