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TV Giant Nexstar Agrees to Acquire a Rival, Tegna, for $6.2 Billion

NYT > Business > Media · Benjamin Mullin · last updated
To close the deal, Nexstar will need approval from the Federal Communications Commission, which could cement its position as the biggest provider of local TV in the U.S.

Related Knowledge Center: State of the business model

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The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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