Nexstar Seeks FCC Approval of Tegna Acquisition, Requesting Waiver of 39% Ownership Cap Rule

Nexstar Media Group, seeking to clear its $6.2 billion deal for rival TV broadcast station group Tegna, officially filed applications Tuesday with the FCC that include a request for a waiver of the agency’s 39% ownership cap for local TV broadcasters. Nexstar is the U.S.’s biggest local TV station owner, with 201 owned or partner […]