TEGNA (TGNA) Reports Acquisition of 11 Local Television Stations in Eight Markets
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TEGNA to Acquire 11 Local Television Stations in Eight Markets
March 20, 2019 7:06 AM EDTTEGNA enters into definitive agreement with Nexstar Media Group to acquire 11 stations including eight Big Four affiliates
MCLEAN, Va.--(BUSINESS WIRE)-- TEGNA Inc. (NYSE: TGNA) today announced the company has entered into a definitive agreement with Nexstar Media Group to acquire 11 local television stations in eight markets, including eight Big Four affiliates, for $740 million in cash.
The proposed transaction will add complementary markets to TEGNAs existing portfolio of top network affiliates, including four affiliates in presidential spending battleground states.
Television stations to be acquired include:
WTIC/WCCT... More
