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M&A - Nexstar Media Group - Tegna

Irving, Texas-based Nexstar Media Group has agreed to acquire Tysons, Virginia-based Tegna for $6.2 billion in cash, inclusive of Tegna's net debt. Both companies operate local broadcast television stations. Nexstar says the transaction will expands its presence in important areas such as Atlanta, Phoenix, Seattle, and Minneapolis. The transaction is expected to close in the second half of 2026. Nexstar is traded on Nasdaq, while Tegna is traded on the New York Stock Exchange.

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