The deal is still subject to regulatory approvals which will require that Tribune and Nexstar both sell off some of their respective TV stations. On Wednesday, Nexstar announced it will sell 19 stations in 15 markets for $1.32 billion in cash to comply with the Federal Communications Commission rules about local and national TV ownership. Eleven stations in eight markets, including New York, Phoenix, Miami-Ft. Lauderdale, Salt Lake City, Grand Rapids-Kalamazoo-Battle Creek, MI, Richmond-Petersburg, VA, and Norfolk-Portsmouth-Newport News, VA, will go to Tegna Inc. (NASDAQ: TGNA) for $740 million.