In a landmark move announced Tuesday, Nexstar Media Group — the largest owner of local television stations in the U.S. — revealed plans to acquire Tegna, the fourth-largest broadcaster, in an all-cash deal valued at $6.2 billion.

If approved, this merger would put Nexstar — owner of the left-leaning NewsNation — as the nation’s dominant media conglomerate consolidating hundreds of stations across dozens of markets, and changing the landscape of local broadcasting.

The Nexstar deal arrives amid heavy lobbying by broadcasters who have long sought regulatory shifts that favor a massive consolidation of media power.

Read more at Newsmax© 2025 Newsmax. All rights reserved.