The deal will give the former 265 television stations in 44 states and D.C., representing 80% of U.S. television households

Nexstar had been in talks with smaller rival Tegna to merge its local TV stations amid the continuing consolidation of the U.S. broadcast sector.

About a week after Hunt Valley-based Sinclair Inc. said it will consider buying or selling TV stations as broadcast deals heat up, a $6.2 billion deal between two rivals could set off an industry

Nexstar beat out rival Sinclair, which was offering between $25 and $30 per share, significantly above Nexstar's winning bid.

Nexstar says its $6.2 billion takeover of Tegna is expected to close in the second half of 2026 — timing that would align with the lucrative wave of political ads during the midterm elections. But that plan still depends on Tegna shareholders, who may yet consider Sinclair’s competing offer.

U.S. television station owner Sinclair (SBGI) has reportedly offered to combine its broadcast TV business with rival operator Tegna (TGNA).

Sinclair Inc., one of the largest owners of television stations in the US, has offered to combine its broadcast TV business with rival operator Tegna Inc., according to a person with knowledge of the matter.

A blockbuster deal, a fallen rival, and a shot at dominating 80% of American screens--if regulators don't blink.