Nexstar Agrees to Buy TV Station Operator Tegna for $3.5 Billion

Nexstar Agrees to Buy TV Station Operator Tegna for $3.5 Billion

Nexstar Media Group Inc. has agreed to buy TV station operator Tegna Inc. for $3.5 billion in cash in a deal aimed at combining two large TV station operators that could test more relaxed rules from US regulators around market dominance.