Nexstar closed its $6.2 billion acquisition of Tegna on Thursday after receiving approval from the Department of Justice and FCC, creating a television station giant that will reach approximately 80 percent of American homes through 265 stations across 44 states and Washington, D.C. The deal requires Nexstar to divest stations in six markets and comes despite lawsuits filed by eight states and DirecTV challenging the merger on antitrust grounds.
Otto Beta
1 comment
Nexstar closed its $6.2 billion acquisition of Tegna on Thursday after receiving approval from the Department of Justice and FCC, creating a television station giant that will reach approximately 80 percent of American homes through 265 stations across 44 states and Washington, D.C. The deal requires Nexstar to divest stations in six markets and comes despite lawsuits filed by eight states and DirecTV challenging the merger on antitrust grounds.