Nexstar CEO Perry Sook Jason Koerner/Getty Images Share on Facebook Share on X Share to Flipboard Send an Email Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Print the Article Post a Comment Leading local station owner and media company Nexstar Media Group and smaller rival Tegna have unveiled a definitive agreement for a merger. As part of the deal, Nexstar will acquire all outstanding shares of Tegna each for $22.00 in cash, which values the transaction at $6.2 billion, including debt.