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Nexstar Acquires Tegna, Expanding Broadcast Reach

Nexstar is acquiring Tegna for $6.2B cash ($22/share), expanding its reach to 80% of US homes. This consolidates local media, testing eased regulations and aiming for $300M synergies to compete with Big Tech. Expected to close H2 2026.

Nexstar Acquires Tegna, Expanding Broadcast Reach
Credit: TEGNA

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