FCC and DOJ Approve Nexstar-TEGNA Merger -- Broadcast Giant Reaches 80% of U.S. Households Despite Congressional Cap (2026-03-19)

The FCC and Department of Justice approve Nexstar Media's $6.2 billion acquisition of TEGNA Inc., with the FCC claiming authority to waive the congressionally-set 39% national ownership cap. The combined entity reaches 80% of U.S. television households with 265 full-power stations in 44 states. Eight state attorneys general file an antitrust lawsuit to block the merger.