Nexstar to Acquire Tegna for $3.54 Billion
Nexstar Media has agreed to purchase smaller rival Tegna for $3.54 billion, expanding its local-TV presence in nine of the top 10 US markets and covering 80% of TV households nationwide. The deal aims to give Nexstar greater leverage with advertisers and pay-TV distributors. With over 200 stations, Nexstar will now own or partner on … Read more