Nexstar Media Group, a publicly traded American telecommunications company headquartered in Irving, Texas, sold 19 TV stations to American broadcasters Tegna and E.W. Scripps for $1.3bn. The deal was conducted in response to conditions set by the US Federal Communications Commission in order to gain approval for Nexstar's $4.1bn acquisition of Tribune Media. Perry Sook, Chairman, President and CEO of Nexstar, commented: “As with our prior acquisitions, we announced the Tribune transaction after developing a comprehensive regulatory compliance plan for required station divestitures and a detailed integration plan that will result in significant synergy realization. The proposed divestitures announced today mark an important step in fulfilling Nexstar’s commitment to regulatory bodies to divest certain television stations in order to comply with the FCC local and national television ownership rules and to obtain FCC and Department of Justice approval of the proposed Nexstar / Tribune Media transaction.