If $6.2B deal is approved, 3 Memphis TV stations would have 1 owner
Former WREG meteorologist Jim Jaggers, who has since retired, delivers his weather forecast in a file photo. (The Daily Memphian file)
If a proposed $6.2 billion deal between Nexstar Media Group and rival Tegna goes through, three of Memphis’ five primary television stations will have the same owner, a consolidation that could reduce the city’s broadcast news options.
Nexstar currently oversees more than 200 owned and partner stations in 116 markets nationwide, including WREG-TV, News Channel 3, in Memphis. Tegna owns 64 news stations in 51 markets, including two in Memphis: WATN-TV, the ABC affiliate, and WLMT-TV, the CW affiliate.
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Jody Callahan
Jody Callahan graduated with degrees in journalism and economics from what is now known as the University of Memphis. He has covered news in Memphis for more than 25 years.
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