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Nexstar completes $6.2B purchase of Tegna’s TV stations, including KTLA, after regulatory approvals.
Nexstar Media Group has finalized its $6.2 billion acquisition of Tegna’s television stations, including KTLA in Los Angeles, overcoming legal challenges from eight state attorneys general.
The deal, approved by the FCC and DOJ, creates one of the largest local TV broadcasters in the U.S. Nexstar says the merger strengthens local journalism and supports long-term investment in news, despite concerns over reduced competition and media diversity.
As part of the agreement, Nexstar will sell WAVY-TV.
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Nexstar completa $ 6.2B compra de las estaciones de televisión de Tegna, incluida KTLA, después de las aprobaciones regulatorias.