Nexstar closes $6.2 billion acquisition of TEGNA after Oregon, 7 other states sued to block acquisition

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. 

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.

“The FCC has been focused on empowering broadcast TV stations to serve their local communities, consistent with their public interest

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