Nexstar Media closes takeover of Tegna

Nexstar Media Group (NXST) announced that it has closed its acquisition of Tegna (TGNA) following approval of the transaction from the Federal Communications Commission and the United States Department of Justice. Nexstar’s Founder, Chairman, and Chief Executive Officer, Perry Sook commented: “This transaction is essential to sustaining strong local journalism in the communities we serve. By bringing these two outstanding companies together, Nexstar will be a stronger, more dynamic enterprise-better positioned to deliver exceptional journalism and local programming with enhanced assets, capabilities, and talent. We are grateful to President Trump, Chairman Carr, and the DOJ for recognizing the dynamic forces shaping the media landscape and enabling this transaction to move forward.”