Tegna, Sinclair
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Nexstar says its $6.2 billion takeover of Tegna is expected to close in the second half of 2026 — timing that would align with the lucrative wave of political ads during the midterm elections. But that plan still depends on Tegna shareholders, who may yet consider Sinclair’s competing offer.
With the announced sale of 10TV, two companies may own Central Ohio's four commercial television stations by the end of 2026.
The deal will give the former 265 television stations in 44 states and D.C., representing 80% of U.S. television households
Nexstar, the No. 1 owner of TV stations in the U.S., is acquiring rival Tegna in a deal that challenges decade-old limits on control of local media.
Upon closing of the Tegna deal, Nexstar and its partners will have 265 full-power television stations in 44 states and Washington, D.C., covering 132 of the country’s 210 television markets covering 80% of U.S. TV households, the companies said. The combined company will have stations in nine of the top 10 markets, and 41 of the top 50.
A blockbuster deal, a fallen rival, and a shot at dominating 80% of American screens--if regulators don't blink.
Tysons, Virginia-based broadcaster Tegna, whose 64 stations include WUSA Channel 9 in D.C., agreed to be acquired by larger local TV station owner Nexstar.
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No. 1 owner of TV stations in US buying rival for $6.2 billion: What does it mean for Alabama?
America’s largest owner of television stations announced a blockbuster deal to acquire a rival. Nexstar is buying Tegna for $6.2 billion in a deal that promises to reshape the television industry, according to a press release.