Sook's Nexstar announced that it had "a definitive agreement" to acquire Tegna. Nexstar would be buying the outstanding shares of Tegna stock and assuming its debt, in a deal worth about $6.2 billion. The deal would combine Nexstar's 201 current TV stations with Tegna's 64, keeping Nexstar as the nation's largest owner of local television stations. The transaction would include 35 markets where Nexstar would create or add to duopolies (2 or more stations) by acquiring Tegna.