Nexstar expands Colorado footprint with purchase of 9News parent Tegna
By Colorado Sun staff & wire report | The Colorado Sun
Nexstar Media Group is buying broadcast rival Tegna, which owns 9News in Denver, for $6.2 billion, in a deal that would help strengthen its local news offerings.
The transaction, if approved, will bring together two major players in U.S. television and the country’s local news landscape. Nexstar oversees more than 200 owned and partner stations in 116 markets nationwide today and also runs networks like The CW and NewsNation. Meanwhile, Tegna owns 64 news stations across 51 markets.
In Denver, Nexstar owns Fox31, and Tegna owns NBC affiliate 9News and its sister station KTVD. Nexstar also owns the CBS affiliate in Grand Junction KREX and the Fox station KXRM in Colorado Springs.
“The initiatives being pursued ...
