Nexstar Claims Its $6.2 Billion Deal for Tegna Has Closed Following DOJ and FCC Approvals — After Eight States, DirecTV Sued to Block It

By Todd Spangler

Todd Spangler

NY Digital Editor

Latest

• Nexstar Claims Its $6.2 Billion Deal for Tegna Has Closed Following DOJ and FCC Approvals — After Eight States, DirecTV Sued to Block It 40 minutes ago
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• DirecTV Sues to Block Nexstar-Tegna Local TV Deal on Heels of Antitrust Lawsuit From 8 States: ‘DirecTV and Its Subscribers Will End Up Paying More for Less’ 7 hours ago

Nexstar Media Group said it “has closed its acquisition” of Tegna in a $6.2 billion deal that would following approval of the transaction from the FCC and the Department of Justice.

The deal would augment Nexstar, already the biggest TV station group in the U.S., with Tegna’s footprint — resulting in a company with nearly 260 full-power stations, variously affiliated with networks including ABC, CBS, Fox and NBC. While the deal will give the combined company reach across 80% of U.S. TV households, it will own less than 15% of all the local TV stations in the country.

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