Texas, August 20, 2025
News Summary
Nexstar Media Group has announced its intention to acquire Tegna Inc. for $3.54 billion, which will expand its reach to cover about 80% of U.S. television households. Tegna, which operates 64 television stations, will now become part of Nexstar’s extensive network of over 200 stations. The deal has been approved by Tegna’s Board and is expected to close in the second half of 2026, subject to regulatory approval. This acquisition is seen as a strategic move amid increasing competition in the broadcasting industry.
Texas – Nexstar Media Group announced on August 19 that it intends to acquire Tegna Inc. for $3.54 billion in a significant move that will reshape the U.S. broadcasting landscape.
Tegna, a smaller rival currently operating 64 television stations across the United States, will be brought under Nexstar’s expansive umbrella, which already manages or partners with over 200 stations, including alliances with CW and NewNation. The acquisition will likely boost Nexstar’s reach to cover about 80% of U.S. television households, enhancing its influence in key markets.
Under the terms of the agreement, Tegna shareholders will receive $22 per share in cash, reflecting a 31% premium based on Tegna’s 30-day average stock price as of August 8. The deal has already received the green light from Tegna’s Board of Directors and is expected to close in the second half of 2026, contingent upon regulatory approval.
The merger not only consolidates power in the industry but also positions Nexstar as the top operator of local TV stations in the United States, surpassing rivals like Sinclair Broadcast Group and Gray Television. This shift comes as local broadcasting faces increased competition from digital platforms, prompting broadcasters to seek strategic partnerships to remain competitive.
Expansion into Key Markets
The acquisition will notably bolster Nexstar’s presence in California, where Tegna has only two TV stations compared to Nexstar’s six. This will enhance Nexstar’s reach in significant markets within the state, including major cities like Sacramento and San Diego.
The deal will not only help Nexstar secure a larger share of the local broadcasting market but also allow for enhanced sports coverage capabilities due to the combined sports rights capabilities of both companies. This may provide a competitive edge in attracting local viewership during sporting events.
Financial Considerations
Nexstar’s acquisition strategy comes at a time when the company has been advocating for changes to Federal Communications Commission (FCC) ownership rules, aiming to ease regulations that restrict such mergers. With Tegna now part of Nexstar’s portfolio, the company is expected to address concerns regarding competition and local news coverage that often arise with media consolidation.
Following the announcement of the acquisition, stock prices for both Nexstar and Tegna experienced an increase, indicating positive investor sentiment regarding the deal’s potential benefits.
Regulatory Challenges
Despite the acquisition’s approval by Tegna’s Board, it faces potential regulatory scrutiny. Tegna had previously attempted to merge with private equity partners Standard General and Apollo Global Management, but that effort was thwarted due to regulatory hurdles. This past experience raises questions about how smoothly the current acquisition will progress through regulatory channels.
Concerns Over Consolidation
Public interest groups have expressed apprehension regarding media consolidation’s effect on competition and local news coverage, highlighting a potential decline in the diversity of viewpoints provided by local stations. As major players continue to consolidate, the implications for news presentation and broadcast diversity remain topics of concern.
Market Landscape Following Merger
Post-merger, Nexstar will lead the market of local TV station ownership, outpacing other significant players. The new ranking of top local TV station owners will be:
- Nexstar Media Group
- Sinclair Broadcast Group
- Gray Television
- E.W. Scripps Company
- Hearst Television
This transformational deal highlights the rapidly changing landscape of the television market as broadcasters aim to adapt and thrive in an increasingly digital environment.
FAQ
What is the value of the Nexstar and Tegna acquisition?
The acquisition is valued at $3.54 billion, with Tegna shareholders set to receive $22 per share in cash.
How many stations does Tegna operate?
Tegna operates 64 television stations across the United States.
When is the acquisition expected to close?
The acquisition is expected to close in the second half of 2026, pending regulatory approval.
What will be the impact on local broadcasting competition?
There are concerns that consolidation could reduce competition and negatively affect local news coverage.
| Aspect | Nexstar | Tegna | Post-Merger |
|---|---|---|---|
| Number of Stations | Over 200 | 64 | Over 264 |
| Market Coverage | 80% of U.S. TV households | Smaller scale | Greater influence in key markets |
| Acquisition Value | N/A | $3.54 Billion | Combined resources |
| Expected Approval Date | N/A | Pending regulatory approval | Second half of 2026 |
Deeper Dive: News & Info About This Topic
- VC Star: Nexstar-Tegna Merger
- Los Angeles Times: Nexstar-Tegna Acquisition
- Solano News: Nexstar & Tegna Merger Insights
- SJVSun: Nexstar Tegna Deal Announcement
- Google Search: Nexstar Tegna Merger
Author: STAFF HERE COSTA MESA WRITER
COSTA MESA STAFF WRITER The COSTA MESA STAFF WRITER represents the experienced team at HERECostaMesa.com, your go-to source for actionable local news and information in Costa Mesa, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the OC Fair, Concerts in the Park, and Fish Fry. Our coverage extends to key organizations like the Costa Mesa Chamber of Commerce and Boys & Girls Clubs of Central Orange Coast, plus leading businesses in retail, fashion, and technology that power the local economy such as Vans, Experian, and South Coast Plaza. As part of the broader HERE network, including HEREAnaheim.com, HEREBeverlyHills.com, HERECoronado.com, HEREHollywood.com, HEREHuntingtonBeach.com, HERELongBeach.com, HERELosAngeles.com, HEREMissionViejo.com, HERESanDiego.com, and HERESantaAna.com, we provide comprehensive, credible insights into California's dynamic landscape.
