By most accounts, America’s local television stations are in trouble. Declining viewership, diminished advertising revenue, and devastating competition from streaming services have left local broadcasters facing a dire future, and their fate now rests with a federal court in California.
Against this backdrop, Nexstar, America’s largest television station owner, moved to acquire Tegna in a $6.2-billion merger. The deal would establish the combined company as the undisputed leader of local television and promises to serve hundreds of cities with local news, weather, emergency information, sports, and community content.
Continue reading “Who Can Save Local Television? The Merger Main Street May Need”
