Tegna Inc.
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| founded = {{Start date and age|2015|6|29}} |
| founded = {{Start date and age|2015|6|29}} |
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| defunct = |
| defunct = |
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| fate = Acquired by [[Nexstar Media Group]], integration temporarily halted {{Cite web |date=2026-03-28 |title=Judge pauses blockbuster merger between TV station owners Nexstar and Tegna |url=https://www.nbcnews.com/news/us-news/judge-pauses-merger-tv-station-owners-nexstar-tegna-rcna265626 |access-date=2026-04-17 |website=NBC News |language=en}} |
| fate = [[Merger of Nexstar Media Group and Tegna Inc.|Acquired]] by [[Nexstar Media Group]], integration temporarily halted {{Cite web |date=2026-03-28 |title=Judge pauses blockbuster merger between TV station owners Nexstar and Tegna |url=https://www.nbcnews.com/news/us-news/judge-pauses-merger-tv-station-owners-nexstar-tegna-rcna265626 |access-date=2026-04-17 |website=NBC News |language=en}} |
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| hq_location_city = [[Tysons, Virginia]] |
| hq_location_city = [[Tysons, Virginia]] |
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| hq_location_country = U.S. |
| hq_location_country = U.S. |
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In terms of audience reach, Tegna was the largest group owner of [[NBC]]-affiliated stations, ahead of [[Hearst Television]] and [[Sinclair Broadcast Group]]. Tegna was the fourth-largest group owner of [[American Broadcasting Company|ABC]] affiliates, behind Hearst, the [[E. W. Scripps Company]], and Sinclair. Tegna also owned two [[digital subchannel|digital multicast]] networks ([[True Crime Network]] and [[Quest (American TV network)|Quest]]). |
In terms of audience reach, Tegna was the largest group owner of [[NBC]]-affiliated stations, ahead of [[Hearst Television]] and [[Sinclair Broadcast Group]]. Tegna was the fourth-largest group owner of [[American Broadcasting Company|ABC]] affiliates, behind Hearst, the [[E. W. Scripps Company]], and Sinclair. Tegna also owned two [[digital subchannel|digital multicast]] networks ([[True Crime Network]] and [[Quest (American TV network)|Quest]]). |
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On March 19, 2026, the [[United States Department of Justice|DOJ]] and [[Federal Communications Commission|FCC]] approved Tegna's merger with [[Nexstar Media Group]] for $6.2 billion, with the merger closing |
On March 19, 2026, the [[United States Department of Justice|DOJ]] and [[Federal Communications Commission|FCC]] approved Tegna's [[Merger of Nexstar Media Group and Tegna Inc.|merger]] with [[Nexstar Media Group]] for $6.2 billion, with the merger closing 15 minutes later.{{Cite web |last=Johnson |first=Ted |date=March 19, 2026 |title=Nexstar Closes Tegna Merger Following FCC And DOJ Approval |url=https://deadline.com/2026/03/fcc-approves-nexstar-tegna-merger-1236760998/ |access-date=March 21, 2026 |website=Deadline |language=en-US}} The approval came one day after two [[United States antitrust law|antitrust lawsuits]] against the merger were filed, one from [[California]] alongside seven other states, and the other from [[DirecTV]]. A [[temporary restraining order]] was granted to halt the integration of Tegna's operations into Nexstar, which was escalated to a [[preliminary injunction]], pending further resolution of the legal dispute. |
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==History== |
==History== |
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=== Sale to Nexstar === |
=== Sale to Nexstar === |
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{{Main|Merger of Nexstar Media Group and Tegna Inc.}} |
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On August 19, 2025, Tegna announced that it had agreed to be acquired by [[Nexstar Media Group]], in an agreement that would expand its reach to 80% of television households. Nexstar would purchase the company for $22 per-share, valuing it at $6.2 billion.{{cite web |last=Manfredi |first=Lucas |date=September 19, 2025 |title=Nexstar, Tegna $6.2 Billion Merger to File Antitrust, FCC Paperwork by End of September |url=https://www.thewrap.com/nexstar-tegna-merger-antitrust-fcc-paperwork-september/ |access-date=September 19, 2025 |work=[[TheWrap]]}} The completion of the deal would be contingent on shareholder and regulatory approval, including a proposed loosening of ownership caps for broadcast television stations by the [[Second presidency of Donald Trump|second Trump administration]]; the FCC had recently launched a public comment period on changes to the caps, which Nexstar CEO [[Perry Sook]] has long opposed. In the markets where this would create a duopoly, Sook stated that Nexstar did not plan to consolidate local station operations such as news departments, comparing it to cities that have multiple newspapers "operating off the same printing press".{{cite web |last=Hayes |first=Dade |date=August 19, 2025 |title=Nexstar To Acquire Tegna For $6.2B In Local TV Megadeal Fueled By Donald Trump Deregulation |url=https://deadline.com/2025/08/nexstar-acquires-tegna-local-tv-merger-donald-trump-1236491712/ |access-date=August 19, 2025 |work=[[Deadline Hollywood]]}} |
On August 19, 2025, Tegna announced that it had agreed to be acquired by [[Nexstar Media Group]], in an agreement that would expand its reach to 80% of television households. Nexstar would purchase the company for $22 per-share, valuing it at $6.2 billion.{{cite web |last=Manfredi |first=Lucas |date=September 19, 2025 |title=Nexstar, Tegna $6.2 Billion Merger to File Antitrust, FCC Paperwork by End of September |url=https://www.thewrap.com/nexstar-tegna-merger-antitrust-fcc-paperwork-september/ |access-date=September 19, 2025 |work=[[TheWrap]]}} The completion of the deal would be contingent on shareholder and regulatory approval, including a proposed loosening of ownership caps for broadcast television stations by the [[Second presidency of Donald Trump|second Trump administration]]; the FCC had recently launched a public comment period on changes to the caps, which Nexstar CEO [[Perry Sook]] has long opposed. In the markets where this would create a duopoly, Sook stated that Nexstar did not plan to consolidate local station operations such as news departments, comparing it to cities that have multiple newspapers "operating off the same printing press".{{cite web |last=Hayes |first=Dade |date=August 19, 2025 |title=Nexstar To Acquire Tegna For $6.2B In Local TV Megadeal Fueled By Donald Trump Deregulation |url=https://deadline.com/2025/08/nexstar-acquires-tegna-local-tv-merger-donald-trump-1236491712/ |access-date=August 19, 2025 |work=[[Deadline Hollywood]]}} |
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