Nexstar Media Group, the largest owner of TV stations in the U.S., has announced a definitive agreement to acquire rival Tegna Inc. in a significant $6.2 billion cash deal. This merger marks a massive consolidation of local television stations, with both companies expected to enhance their presence in the local news market. The acquisition is influenced by deregulation initiatives from the Trump administration, which have paved the way for such large-scale mergers. The deal is projected to reshape the landscape of local broadcasting, impacting various markets across the country.