The Federal Communications Commission has signed off on broadcast station owner Nexstar’s $6.2 billion deal to acquire rival company Tegna, a merger that would create the largest operator of local tel

The FCC approved the merger with Nexstar after waiving a rule preventing single companies from owning TV stations that reach more than 39% of households.

The Merger Fund (Class I) returned 1.45% in 4Q 2025, contributing to a year-to-date performance of 8.41%. Read more here.

Critics fear the consolidation will add to strains facing local news and degrade coverage.

Eight states sued to block the massive $6.2 billion merger of Nexstar and Tegna that could create the largest local broadcast company in the country by far. Why it matters: The deal, which would require lifting the limit on television station ownership,

Two Harbors Investment Corp.'s merger with UWM Holdings faces significant shareholder resistance, jeopardizing deal completion under current terms. Learn more on TWO.PR.A stock here.

Tegna approval casts aside long-held media ownership restrictions that prevented a broadcaster from reaching more than 39 percent of households.

President Donald Trump's FCC has proposed waiving antitrust rules to enable the merger of two large media companies. North Carolina and other states want to block the deal.