Nexstar/Tegna: With Massive DMA Overlap, Buyer Plans to Argue Changed Market Dynamics. Is it Enough to Convince Slater to Abandon Decades of DOJ Practice?

Published on Sep 22, 2025

Nexstar’s (NXST) proposed $6.2 billion acquisition of rival broadcast television group Tegna (TGNA) is at first glance an audacious bet—the deal not only violates multiple FCC rules, but is also presumptively illegal under decades of DOJ antitrust division practice. Still, Nexstar is projecting extreme confidence in the transaction’s closing prospects…

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