Nexstar, the No. 1 owner of TV stations in the U.S., is acquiring rival Tegna in a deal that challenges decade-old limits on control of local media.

Nexstar says its $6.2 billion takeover of Tegna is expected to close in the second half of 2026 — timing that would align with the lucrative wave of political ads during the midterm elections. But that plan still depends on Tegna shareholders, who may yet consider Sinclair’s competing offer.

U.S. television station owner Sinclair (SBGI) has reportedly offered to combine its broadcast TV business with rival operator Tegna (TGNA).

The three broadcast companies divide Portland's TV market.

A blockbuster deal, a fallen rival, and a shot at dominating 80% of American screens--if regulators don't blink.

Tysons, Virginia-based broadcaster Tegna, whose 64 stations include WUSA Channel 9 in D.C., agreed to be acquired by larger local TV station owner Nexstar.

America’s largest owner of television stations announced a blockbuster deal to acquire a rival. Nexstar is buying Tegna for $6.2 billion in a deal that promises to reshape the television industry, according to a press release.