TEGNA completed the acquisition of Dispatch Broadcast Group’s TV stations in Indiana and Ohio for $535m.

TEGNA, an American publicly traded broadcast, digital media and marketing services company, completed the acquisition of Dispatch Broadcast Group’s TV stations in Indiana and Ohio for $535m. The two stations, WTHR and WBNS, are the dominant #1 station in their respective markets. “We have long admired the talented and award-winning teams at WTHR and WBNS’ television and radio stations and are honored that the Wolfe family has entrusted us to build on each station’s commitment to high-quality journalism and serving the greater good in their community. These stations are an excellent strategic and financial fit with our portfolio of leading big four affiliates and brands in top markets. We continue to invest in growth and remain true to our track record of acquiring highly attractive assets that create immediate value for shareholders,” Dave Lougee, TEGNA President and CEO.