Nexstar Media will acquire rival broadcast company Tegna for $6.2 billion, according to a joint announcement on Tuesday, another sign of consolidation in an already contracting TV broadcast sector.

Nexstar agreed to acquire its rival Tegna in a cash transaction worth $22 a share, or $6.2 billion total, in a litmus test of regulators’ appetite for consolidation in the TV industry. The news comes ...

Nexstar Media Group is buying rival Tegna for $6.2 billion in cash, creating a local TV broadcasting giant as the industry bets on regulatory changes to unleash consolidation. The acquisition prices ...

Nexstar, the biggest owner of US TV stations, is trying to get even bigger, believing the Trump administration will allow it to do so. On Tuesday, Nexstar announced a deal to acquire another broadcast ...