Nexstar to Acquire Tegna for $6.2B

Floral Separator The biggest local TV deal of the year. TOP NEWS

Nexstar Media Group will buy Tegna for $6.2 billion in cash.

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Tegna shareholders will receive $22 per share.

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Tegna’s board of directors has approved the merger.

Tegna’s debt will be refinanced or closed once the deal completes Floral Separator

Tegna brings 64 local TV stations across the U.S. into Nexstar’s network.

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LARGEST

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Sinclair was also interested, but Nexstar secured the win. Floral Separator

Why it matters

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Industry trend

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Do you think fewer owners of local media is good or bad for journalism?

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Nexstar to Acquire Tegna for $6.2B

Nexstar Media Group will buy Tegna for $6.2 billion in cash.

Tegna shareholders will receive $22 per share.

📊

Tegna’s board of directors has approved the merger.

🏛️

Tegna brings 64 local TV stations across the U.S. into Nexstar’s network.

Tegna brings 64 local TV stations across the U.S. into Nexstar’s network.

LARGEST

LARGEST

LOCAL TV BROADCASTER

LOCAL TV BROADCASTER

This makes Nexstar the largest local TV broadcaster in the U.S.

Why it matters

+ Bigger ad revenue base + Stronger influence in local markets + More consolidation in U.S. media

Industry trend

Do you think fewer owners of local media is good or bad for journalism?