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Tegna names Fox TV executive as new CEO
Tysons-based broadcaster Tegna has named former Fox Television Stations executive Patrick Paolini as CEO, effective June 1.
Nexstar says it is losing millions as it seeks quick review of order halting Tegna merger
Nexstar Media Group asks appeals court to expedite review of order halting its $6.2 billion merger with Tegna amid tens of millions in losses.
Federal judge blocks $6B Nexstar-Tegna TV merger
A federal judge blocked the $6 billion Nexstar-Tegna merger pending an antitrust lawsuit, citing concerns over competition and local journalism impact.
FCC approves $3.5B sale of Tegna to Nexstar despite state objections
The FCC approved Nexstar's $3.54 billion acquisition of Tegna, expanding its reach to 80% of U.S. TV households despite objections from Democratic-led states and lawsuits.
Eight states, DirectTV sue to block Nexstar’s plan to acquire rival Tegna
Eight states and DirecTV filed lawsuits to block Nexstar's $3.54 billion acquisition of Tegna, citing concerns over reduced competition and higher pay-TV prices.
Broadcast giant Sinclair makes bid to buy out EW Scripps for $7 per share
Sinclair has made a $7-per-share offer to buy E.W. Scripps, a move that could reshape local TV news as consolidation accelerates across the broadcasting industry.
Democrats tie $6B Nexstar-Tegna deal to Jimmy Kimmel’s suspension
Congressional Democrats, including U.S. Sen. Tim Kaine, are tying ABC late night host Jimmy Kimmel's indefinite suspension on Wednesday to the $6.2 billion Nexstar-Tegna acquisition.
Nexstar Media Group buying Tegna in deal worth $6.2 billion
Nexstar Media Group is buying Tysons-based broadcast rival Tegna for $6.2 billion, which will help strengthen its local news offerings. The transaction, if approved, will bring together two major players in U.S. television and the country’s local news landscape. Nexstar oversees more than 200 owned and partner stations in 116 markets nationwide today and also […]
Tegna announces new president and CEO
Michael Steib will succeed Tegna President and CEO David Lougee, who is retiring Aug. 12, Tysons-based broadcasting giant Tegna announced Monday. The 48-year-old Steib will also succeed Lougee as a member of the company’s board of directors. Lougee, age 65, will become a senior adviser. Lougee has been president and CEO and a director of […]
Tegna expands contract with Comscore
Tysons-based Tegna, the nation’s largest owner of NBC-affiliate TV stations, has reached a multiyear deal with Reston-based Comscore, which will continue providing media metrics and audience measurement services across the broadcaster’s local TV, major affiliate and digital businesses, the companies announced Friday. Financial terms of the agreement were not disclosed. With this expans[...]
Media 2023: DAVE LOUGEE
Lougee is no stranger to the world of mergers and acquisitions that have become part of the media business. In May, Tegna terminated its merger agreement with New York hedge fund Standard General when the financial agreements needed to fund the deal expired. In 2015, Gannett Co. spun off its broadcasting and digital business to […]
$5.4B Tegna sale is terminated
The deadline has expired on hedge fund Standard General LP’s $5.4 billion bid to acquire Tysons-based publicly traded broadcasting giant Tegna Inc. The largest owner of NBC affiliates, Tegna has 64 television stations in 51 U.S. markets and reaches 39% of all television households nationwide. The stalled agreement was terminated after the acquisition‘s deadline expired […]
