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Nexstar-Tegna US review could bring generational change to broadcast mergers

By Curtis Eichelberger and Wesley Brown ( October 24, 2025, 17:50 GMT | Comment) -- Nexstar’s proposed $6.2 billion acquisition of broadcaster Tegna could lead to a sea change in the antitrust regulatory analysis of broadcast mergers in the US, as the Department of Justice is likely to reconsider how it defines relevant markets in broadcast mergers to potentially include online and streaming alternatives. The government has long analyzed the anticompetitive effects of television station mergers by determining the number of competitors in a local market and analyzing how the loss of the acquired company would impact the price of a 30-second television advertisement.Nexstar’s proposed $6.2 billion acquisition of broadcaster Tegna could lead to a sea change in the antitrust regulatory analysis of broadcast mergers in the US, as the Department of Justice is likely to reconsider how it defines relevant markets in broadcast mergers to potentially include online and streaming alternatives....

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