Perry A. Sook

Money Moves

As of May 2026: Leading newly expanded company; contract extended through March 2029

For two decades, federal law has barred any single company from owning television stations that reach more than 39% of American households. On March 20, the Federal Communications Commission (FCC) waived that rule for the first time, clearing Nexstar Media Group's $6.2 billion acquisition of rival broadcaster Tegna. The combined company now owns 265 stations in 44 states, reaching roughly 80% of U.S. TV households — more than double the legal cap.

Updated May 30