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.

KOIN 6 News’ Parent Company, Nexstar Media Group, announced it has entered into an agreement to acquire TEGNA, pending regulatory approval. Nexstar currently owns and operates more than 200 local TV stations across the country.

Irving-based Nexstar Media has agreed to buy smaller rival Tegna for $3.54 billion, creating a local-TV powerhouse that seeks to compete better with big