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Nexstar CEO on $6.2B Tegna deal: Allows us to compete on a level playing field with Big Tech
CNBC Televisionยท 2025-08-19 12:57
We got a broadcast deal to tell you about and a possible spoiler as well to talk about this morning. A short while ago, NextStar Media Group said that it's going to buy rival Tegna in a cash deal valued at $6.2% billion. The transaction still subject to regulatory approval and Tegna shareholder approval.Meanwhile, late yesterday, the Wall Street Journal reporting that Sinclair, one of the nation's largest owners of local TV stations, wants to merge its TV business with Tegna. So there's a lot going on here ...