US EditionMedia: Local Tv Concentration Is Growing in the United States
2 Articles
2 Articles
In the United States, just over seven months before the mid-term elections, competition authorities validated the merger of two of the main local television networks. Nexstar, the sector's number one, purchased its competitor Tegna for just over $6 billion.
The US Audiovisual Regulator (FCC) approved last week the acquisition of Tegna's local television operator by its competitor Nexstar for $6.2 billion. With this acquisition, Nexstar will own more local television channels in the United States than any other of its competitors. Tegna is the parent company of 64 television channels. Once the operation is finalized, Nexstar and its channels will be available in 54.5% of US households, normally exce…
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