Associated Press: The Federal Communications Commission on Thursday said it had approved the merger of local television giants Nexstar Media Group and rival Tegna, the same day that two lawsuits trying to block the deal were announced.
Nexstar said last August that it would buy Tegna for $6.2 billion. The deal would create a company that owns 265 television stations in 44 states and the District of Columbia, most of them local affiliates of ABC, CBS, Fox and NBC. FCC Chairman Brendan Carr said the company had agreed to divest itself of six of those stations.
The deal needed the approval of the Republican Trump administration’s FCC because the government had to waive rules that limit how many local stations that one company can own. Nexstar said it had also received approval from the Justice Department, but attempts to independently confirm that were not immediately successful Thursday.
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