FCC clears Nexstar’s $3.5bn Tegna Takeover, Triggering Legal Battles Over Media Power and Local Journalism

Federal Communications Commission (FCC) has approved the $3.54 billion acquisition of Tegna by Nexstar Media Group, clearing a path for a major expansion in local television consolidation even as lawsuits and political scrutiny mount. The transaction has already closed after receiving clearance from the FCC and the U.S. Justice Department. Nexstar said the deal strengthens

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