Tegna Stock Rockets On Nexstar Merger Talks; FCC Appears Set To Ease Local TV Rules In Order To Smooth Deal’s Path

Shares in local TV giant Tegna surged nearly 30% in mid-day trading Monday on news that leading station owner Nexstar is in advanced talks to acquire the company. A source familiar with the discussions confirmed them to Deadline. The valuation remains unclear for the time being, but it will be well into the billions. Tegna […]