Tegna, Nexstar Media Group
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Nexstar’s takeover of Tegna, enabled by Trump-era deregulation, positions the company to reach 80% of U.S. households
If the deal for Nexstar Media Group to buy rival Tegna goes through, one owner will control three of the Memphis market’s five primary news stations.
Nexstar Media Group, the parent company of Portsmouth-based WAVY-TV and WVBT-TV, is buying local news broadcast rival Tegna, the parent company of Norfolk-based 13News Now or WVEC-TV, for $6.2
Within San Antonio, TEGNA oversees operations of KENS 5, while Nexstar doesn't have a dedicated station covering the Alamo City. Looking northward, it would change the media landscape within the Texas capital market,