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Stock impact report

Nexstar, Tegna File Broadcast License Transfer Applications With FCC [Yahoo! Finance]

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
Company Research Source: Yahoo! Finance
Nexstar, Tegna Nexstar Media Group and Tegna have filed applications with the Federal Communications Commission seeking the regulator's consent for the transfer of broadcast licenses in connection with their pending $6.2 billion merger. The deal, which would create a local TV giant that would own 265 television stations in 44 states and the District of Columbia and reach approximately 80% of U.S. households, is subject to the FCC eliminating or lifting the current 39% cap on national station ownership. The agency has previously asked for public input on the matter, as well as retaining, modifying or eliminating other broadcast ownership rules, including the local television and dual network rules. In a statement on Tuesday, Nexstar CEO Perry Sook said the merger is “vitally important to the future of local television and local journalism” and would give the companies the scale necessary to compete against Big Tech and legacy media. “We are grateful that the Trump administrati Show less Read more
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