TEGNA to Acquire 11 TV Stations in Eight Markets

TEGNA Inc., has entered into an agreement to acquire 11 local television stations in eight markets, including eight Big Four affiliates, for $740 million in cash.

The proposed transaction with Nexstar Media Group will add complementary markets to TEGNA’s existing portfolio of top network affiliates, including four affiliates in presidential spending battleground states.

Television stations to be acquired by TEGNA, which is based in McLean, VA, include: WTIC/WCCT in Hartford-New Haven, CT; WPMT in Harrisburg-Lancaster-Lebanon-York, PA; WATN/WLMT in Memphis, TN; WNEP in Wilkes Barre-Scranton, PA; WOI/KCWI in Des Moines-Ames, IA; WZDX in Huntsville-Decatur-Florence, AL;  WQAD in Davenport, IA,  and Rock Island-Moline, IL; and KFSM in Ft. Smith-Fayetteville-Springdale-Rogers, AR.