Archive · 5 Sep 2025
Nexstar CEO on Local Media and Tegna Acquisition
The boss of Nexstar, a big TV station owner, believes in local news.
He says it's important, even if it's not as exciting as other media.
Nexstar wants to buy another company called Tegna to get even bigger.
This would let them reach most U.S. homes.
The CEO thinks local news is valuable because it connects with people and businesses in a unique way.
He thinks that the local media will be a vital part of a free press for years to come.
Nexstar believes big companies are needed to compete with large tech companies.
Nexstar is pursuing a deal to acquire Tegna for $6.2 billion.
The merged company would own 265 stations in 44 states and D.C., reaching 80% of U.S. TV households.
Nexstar's CEO views local media as the 'least sexy, most sticky' part of the media ecosystem.
The CEO believes big companies are necessary to compete with tech giants.
Nexstar acquired Tribune Media in 2019 for $7.2 billion.
- Who
- Nexstar CEO
- What
- Viewed local media as 'least sexy, most sticky,' pursuing the acquisition of Tegna.
- When
- Announced deal last month, spoke at a BofA media conference.
- Where
- U.S. media landscape
- Why
- Nexstar is building a dominant position in local media, believing it is a lucrative space.
- Company
- Nexstar
- Target
- Tegna
- Deal Value
- $6.2 billion
- Combined Stations
- 265
- States
- 44 + DC
- Households Represented
- 80% of U.S. TV
- Previous Nexstar Acquisition
- Tribune Media for $7.2 billion (2019)