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FCC approves combination of Nexstar and Tegna TV stations

The FCC approved the sale of Tegna stations to Nexstar, enabling Nexstar to own under 15% of U.S. TV stations.
FCC chair Brendan Carr said the move reflects a marketplace mindful of today’s conditions, not those of decades past.
The approval followed a group of eight states filing suit in California to block the merger.
DirecTV also filed a separate suit aimed at stopping the deal.
The arrangement would make the combined entity the largest U.S. broadcast station group, according to reporting.
Tegna chairmanship and stock references are noted in coverage accompanying the deal details.
The article highlights parties involved and timeline, with March 19 being the FCC decision date.

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