Nexstar to Buy Tegna in $6.2B Deal that will Require Government Approval

Nexstar, the biggest owner of US TV stations, is trying to get even bigger, believing the Trump administration will allow it to do so.

On Tuesday, Nexstar announced a deal to acquire another broadcast station heavyweight, Tegna, in a $6.2 billion deal including debt. The deal will require government approval.

Public interest groups say TV mega-mergers strangle competition and ultimately reduce the amount of local news coverage that viewers depend on.

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