FCC Approves Nexstar - TEGNA TV Station Deal

The Federal Communications Commission's Media Bureau approved the sale of certain local broadcast TV stations from TEGNA to Nexstar, with certain conditions Nexstar committed to in the record. The Media Bureau found that approving this transaction, with those commitments, will empower these broadcasters to better serve their communities by investing in local news and reporting. The transaction will also enable these broadcast TV stations to counter the growing power that national programmers have amassed in recent years. In short, approving the deal—which will allow Nexstar to own less than 15% of television stations—will promote the FCC’s longstanding media policy goals of competition, localism, and diversity. This is especially so given the concrete commitments that Nexstar has made in the record on affordability, localism, and its commitment to divest a number of TV stations.