Nexstar Media Group to acquire TEGNA for $6.2bn.

Nexstar Media Group, a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms, agreed to acquire TEGNA, a broadcast, digital media and marketing services company, for $6.2bn. “The initiatives being pursued by the Trump administration offer local broadcasters the opportunity to expand reach, level the playing field, and compete more effectively with the Big Tech and legacy Big Media companies that have unchecked reach and vast financial resources. We believe TEGNA represents the best option for Nexstar to act on this opportunity," Perry A. Sook, Nexstar Chairman and Chief Executive Officer.