In the words of Nexstar Media Group founder and Chairman/CEO Perry Sook, it was “a moment I’ve been waiting for since forming Nexstar more than 30 years ago.” The publicly traded company that already owns more broadcast television stations than any of its peers had reached a formal agreement to acquire TEGNA.
The deal isn’t without its regulatory hurdles, short an expected thaw of the FCC’s local broadcast television rules and subcaps. Nevertheless, the proposed deal has attracted its detractors, including ACA Connects President/CEO Grant Spellmeyer. Add a Colorado U.S. Senator and a House of Representatives Member to the list of those seeking to squash the deal.
