Nexstar

Judge pauses blockbuster merger between TV station owners Nexstar and Tegna

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A federal judge late Friday put a hold on the $6.2 billion merger between Nexstar Media Group and Tegna, a deal that would create the largest operator of local television stations in the country. U.S. District Judge Troy L. Nunley in California granted a request from DirecTV, which argued in a lawsuit that the pending … Read more

Nexstar to acquire rival broadcast company Tegna in $6.2 billion deal

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Nexstar Media will acquire rival broadcast company Tegna for $6.2 billion, according to a joint announcement on Tuesday, another sign of consolidation in an already contracting TV broadcast sector. The transaction, if approved, will bring together two major players in U.S. television, expanding Nexstar’s reach in the U.S. television and local news landscape. Nexstar oversees … Read more