FCC green-lights Nexstar's $6.2B merger with rival TV station owner Tegna [Yahoo! Finance]
TEGNA Inc (TGNA)
Last tegna inc earnings: 2/11 08:01 am
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Source: Yahoo! Finance
The Federal Communications Commission has signed off on broadcast station owner Nexstar's $6.2 billion deal to acquire rival company Tegna, a merger that would create the largest operator of local television stations in the country. In a news release Thursday, FCC Chairman Brendan Carr said the agency waived a rule that bars a single company from owning TV stations reaching more than 39% of U.S. households. The combined entity would cover at least 60%. “Waiving that rule here is consistent with longstanding FCC authorities and doing so promotes the underlying purpose of the FCC's media regulations by promoting competition, localism, and diversity,” Carr said in a statement The FCC's announcement came less than a day after a coalition of attorneys general for eight states, including California and New York, filed a lawsuit seeking to block the merger , arguing that the tie-up violates federal antitrust law. Nexstar also secured regulatory approval from the Department of Justic
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TGNA
News
- Nexstar closes $6.2B Tegna deal, announces $5.1B debt [Yahoo! Finance]Yahoo! Finance
- FCC approves $3.5B sale of Tegna to Nexstar amid state objections [USA TODAY]USA TODAY
- 8 states file emergency motion to block Nexstar-Tegna merger after FCC approval [Yahoo! Finance]Yahoo! Finance
- California attorney general asks judge to block Nexstar-Tegna merger [Los Angeles Times (CA)]Los Angeles Times
- Nexstar-Tegna Deal: Eight States File Emergency Motion to Halt ‘Disastrous' Merger of Local TV Broadcasters [Yahoo! Finance]Yahoo! Finance
TGNA
Earnings
- 3/2/26 - Beat
TGNA
Sec Filings
- 3/23/26 - Form 25-NSE
- 3/23/26 - Form S-8
- 3/23/26 - Form S-8
- TGNA's page on the SEC website