FCC Approves Nexstar’s $6.2 Billion Acquisition of Tegna, Creating Largest Local-TV Owner
Lead: The Federal Communications Commission on Thursday approved Nexstar Media Group’s $6.2 billion acquisition of Tegna, a deal that would make the combined company the largest local television-station operator in the United States. The agency waived a 39% national ownership cap, saying the merged group would reach at least 60% of U.S. households. The announcement … Read more