The deal is done… sort of. The Federal Communications Commission (FCC) has given its go-ahead for Nexstar’s $6.2 billion takeover of TEGNA, which would create the largest local TV station owner in the country. The merger has already met with fierce opposition from several states, as well as a major cable and satellite distributor. We’ll fill you in on all the details you need to know about the merger here!
Everything you need to know about the TEGNA and Nexstar merger What you need to know about the merger itself
The takeover of TEGNA by Nexstar would see hundreds more local affiliates of ABC, CBS, Fox, and NBC transferred to Nexstar’s control. The combined company would own TV stations reaching at least 60% of American households, creating fewer choices for viewers to get their news from in localities across the country.
FCC rules prohibit any one owner from
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