Today we’re going to be looking at the largest such local TV station owner/operator in the United States, Nexstar Media Group ( NASDAQ: NXST ). They’re looking to get even bigger through an announced acquisition of Tegna ( TGNA ), a substantial competitor.

N exstar Media, owner of Fox 40 (KTXL), announced Monday it plans to acquire Tegna, the parent company of ABC 10 (KXTV), in a $6.2 billion cash deal that includes Tegna's outstanding debt.

Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, which will help strengthen its local news offerings.

The initiatives being pursued by the Trump administration offer local broadcasters the opportunity to expand reach, level the playing field, and compete more effectively,’ Perry Sook said in a statement.

NBC affiliate 9News draws the most viewers to its daily newscasts, followed by KDVR (Fox), KCNC (CBS), KMGH (ABC) and KWGN (The CW, which is also owned by Nexstar), Comscore reported. Leaders 9News and Fox31 have frequently jockeyed for the top position in the Denver-Aurora market over the last five years, Comscore has reported.

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.