Nexstar And Tegna Announce Merger Plan: What To Look For Next
1. Nexstar to acquire Tegna for $6.2 billion, expanding its TV station reach. 2. Acquisition may exceed U.S. household ownership cap, raising regulatory concerns. 3. Increased competition for local sports rights may benefit broadcasters like Nexstar. 4. Possible conflicts between Nexstar and networks over affiliate payments looms ahead. 5. Market reaction to the deal shows slight decline in Nexstar's stock price.