Nexstar says its $6.2 billion takeover of Tegna is expected to close in the second half of 2026 — timing that would align with the lucrative wave of political ads during the midterm elections. But that plan still depends on Tegna shareholders, who may yet consider Sinclair’s competing offer.

The biggest owner of US TV stations is trying to get even bigger, believing the Trump administration will allow it to do so.

Nexstar beat out rival Sinclair, which was offering between $25 and $30 per share, significantly above Nexstar's winning bid.

Tysons, Virginia-based broadcaster Tegna, whose 64 stations include WUSA Channel 9 in D.C., agreed to be acquired by larger local TV station owner Nexstar.

Nexstar, the largest owner of local television stations in the United States, announced a $6.2 billion deal to acquire rival Tegna, aiming to significantly reshape the local media landscape. The proposed merger would result in Nexstar controlling 265 local TV stations across 44 states and Washington,