Highlights
- Nexstar Media Group announced $6.2 billion acquisition of Tegna Inc., creating a 265-station television empire covering 80% of U.S. households
- Deal positions Nexstar’s KLFY against Gray Media, which recently acquired both KATC and KADN in the Lafayette market
- The combined Nexstar-Tegna entity will control WWL-TV and WUPL in New Orleans while competing with Gray’s statewide Louisiana presence
- The transaction faces regulatory approval with expected closure in the second half of 2026 under the Trump administration’s deregulation agenda
- Lafayette viewers could see increased local news investment as competing media giants battle for market dominance
How Will the $6.2 Billion Nexstar-Tegna Deal Reshape Lafayette’s Media Landscape?
Major broadcast consolidation puts KLFY owner in direct competition with Gray Media’s growing Louisiana empire
LAFAYETTE, La. (KPEL News) — Another major change could be coming to Lafayette media, this time to KLFY.
Nexstar Media Group announced Tuesday it has entered into a definitive agreement to acquire Tegna Inc. for $6.2 billion in a cash transaction that will reshape the national television landscape and directly impact Lafayette’s media market.
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The mega-deal positions Lafayette’s CBS affiliate KLFY-TV, owned by Nexstar, in direct competition with Gray Media’s rapidly expanding Louisiana empire that now includes both KATC and KADN in the local market.
What Lafayette Families Need to Know About Media Consolidation
The transaction will create a television powerhouse with 265 full-power stations across 44 states and Washington, D.C., covering 80% of U.S. households. For Lafayette viewers, this consolidation battle represents a fundamental shift in how local news and programming will be delivered…