Who's behind the news?
Who's behind the news?
McLean, Virginia, USA
TEGNA Inc. is a television broadcasting company that owns and operates local stations, headquartered in McLean, Virginia. It was created in 2015 when Gannett Co. Inc. spun off its broadcasting and digital media divisions from its newspaper publishing business (the newspaper business retained the Gannett name and was later renamed USA Today Co. in November 2025).
On March 19, 2026, Nexstar Media Group, Inc. completed its acquisition of TEGNA pursuant to a merger agreement dated August 18, 2025; TEGNA became a wholly owned subsidiary of Nexstar. TEGNA shareholders had approved the merger in November 2025, and the Federal Communications Commission approved the transaction on March 19, 2026, waiving the rule that bars a single company from owning stations reaching more than 39 percent of U.S. households. Nexstar committed to divesting six television stations within two years of closing if an ownership-cap waiver remains necessary. On April 17, 2026, a federal court in the Eastern District of California issued a preliminary injunction halting further integration of Nexstar and TEGNA pending an antitrust lawsuit brought by DirecTV and a coalition of state attorneys general.
Before its acquisition by Nexstar, TEGNA had been the subject of a failed 2022 attempt by hedge fund Standard General, with financing from Apollo Global Management, to take the company private; that deal was terminated in May 2023 after failing to secure required regulatory approvals.
Address
McLean, Virginia, USA
Sources
SEC EDGAR (Nexstar Media Group 10-Q). Note 3: Acquisitions
NBC News. FCC green-lights Nexstar's $6.2B merger with rival TV station owner Tegna
TEGNA. TEGNA Shareholders Approve Merger Agreement with Nexstar Media Group
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