Nexstar Completes $6.2B Tegna Acquisition, Announces $5.1B Debt Offering.

Nexstar Media Group has closed its $6.2 billion acquisition of Tegna, adding 64 stations across 51 markets, making it the largest local television station owner in the US. The deal expands Nexstar's reach in key advertising regions, with 265 TV stations in 44 states and DC. Nexstar also announced a $5.1 billion debt offering to strengthen its balance sheet, signaling a shift from dealmaking to execution.