Nexstar Files FCC Application for $6.2 Billion TEGNA Acquisition -- Seeks Waiver of 39% National Ownership Cap (2025-11-22)

Nexstar Media Group formally files applications with the FCC seeking approval for its $6.2 billion acquisition of TEGNA Inc., which would create the nation's largest broadcast station owner with 265 stations reaching 54.5% of U.S. TV households -- far exceeding the 39% national ownership cap set by Congress. Trump posts on Truth Social expressing concern about the deal.