Businesswire·2025-11-18 21:00Core Viewpoint - Nexstar Media Group is seeking approval from the Federal Communications Commission (FCC) for the acquisition of TEGNA Inc., emphasizing the importance of this acquisition for local television and journalism [1][2]. Group 1: Acquisition Details - Nexstar has filed applications with the FCC to transfer TEGNA's broadcast licenses, arguing that waiving certain ownership rules would serve the public interest [1]. - The company believes that current television ownership regulations are outdated and do not reflect the competitive media landscape [2]. Group 2: Commitment to Local Journalism - Nexstar asserts its commitment to local communities by producing over 300,000 hours of news and local programming annually [4]. - The company positions itself as a reliable source of information, contrasting its journalism with disinformation prevalent in the media landscape [5]. Group 3: Competitive Landscape - Nexstar's acquisition of TEGNA is seen as a strategic move to enhance its scale and competitiveness against legacy media and Big Tech [6]. - The company aims to continue investing in high-quality journalism and local news to better serve communities [6]. Group 4: Company Overview - Nexstar Media Group is a leading diversified media company, producing and distributing local and national news, sports, and entertainment content across various platforms [6]. - The company operates over 200 owned or partner stations, reaching approximately 220 million people in 116 U.S. markets [6].