Tegna, Sinclair and Merger
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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.
Nexstar beat out rival Sinclair, which was offering between $25 and $30 per share, significantly above Nexstar’s winning bid.
The deal will give the former 265 television stations in 44 states and D.C., representing 80% of U.S. television households
With the announced sale of 10TV, two companies may own Central Ohio's four commercial television stations by the end of 2026.
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.
Nexstars $6.2 Billion Tegna Deal is set to reshape the future of local television in America. With this acquisition, Nexstar becomes the nations largest local TV operator, controlling more than 260 stations and reaching nearly 80% of U.
The three broadcast companies divide Portland's TV market.
A blockbuster deal, a fallen rival, and a shot at dominating 80% of American screens--if regulators don't blink.
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