Tegna, Inc., which owns Idaho TV stations KTVB in Boise and KTFT in Twin Falls, has agreed to be acquired by a larger rival, while another suitor is circling.
Texas-based Nexstar Media said it has an agreement to buy Tegna, which is based in Virginia. The deal would value Tegna at $3.54 billion, if approved — about $22 per share.
Nexstar is already the nation’s largest owner of television stations, and the deal would add even more heft to its portfolio…