FCC approves merger of local television owners Nexstar and Tegna as two lawsuits seek to block it
The Federal Communications Commission on Thursday said it had approved the merger of local television giants Nexstar Media Group and rival Tegna, the same day that two lawsuits trying to block the deal were announced.
Nexstar said last August that it would buy Tegna for $6.2 billion. The deal would create a company that owns 265 television stations in 44 states and the District of Columbia, most of them local affiliates of ABC, CBS, Fox and NBC. FCC Chairman Brendan Carr said the company...