00:00Nexstar Media Group announced a $6.2 billion acquisition of rival broadcaster Tegna,
00:06offering Tegna shareholders $22 a share, a 31% cash premium. If approved, the deal would make
00:14Nexstar the largest U.S. local TV operator, reaching around 80% of the population, well
00:20beyond current FCC ownership caps. Nexstar CEO cited anticipated FCC deregulation and court
00:28filings as reasons for optimism. Still, antitrust scrutiny looms given concerns about reduced
00:34media diversity and localism.
