The Federal Communications Commission and Department of Justice approved the acquisition in an announcement Thursday.
WASHINGTON — The FCC and DOJ approved the $6.2 billion acquisition of broadcaster TEGNA by fellow television operator Nexstar Media Group.
The acquisition includes Portland station KGW, which was owned by TEGNA. Nexstar currently owns Portland stations KOIN and KRCW.
A release issued Thursday by Nexstar states in part: “Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that it has closed its acquisition of TEGNA Inc.”
That announcement came after the approval of the transaction by the federal agencies. The proposed acquisition was announced in August 2025.
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