Nexstar-Tegna Merger Faces Scrutiny Amidst KTLA Layoffs
The proposed $6.2 billion merger between Nexstar Media Group and Tegna Inc. Is drawing increased attention following recent layoffs at KTLA-TV, a Nexstar-owned station in Los Angeles. The cuts, impacting veteran journalists, have sparked concern about the future of local news as the media landscape continues to evolve.
Layoffs at KTLA Spark Outcry
This week, Nexstar implemented layoffs at KTLA, affecting several longtime broadcast journalists. Those impacted include weatherman Mark Kriski, weathercaster Kacey Montoya, midday anchors Lu Parker and Glen Walker, and reporter Ellina Abovian. Abovian described the cuts as a “blindsided” corporate restructuring in a post on Threads .
The layoffs prompted reactions from fellow journalists and viewers. CNN anchor Elex Michaelson expressed his respect for the departing KTLA team on X, acknowledging their contributions to Los Angeles broadcasting . Kriski had been with KTLA since 1991, while Walker and Parker had been with the station since 2010 and 2005, respectively.
KTLA morning news anchor Frank Buckley addressed the situation on air, acknowledging the difficult time for the station’s team .
SAG-AFTRA Condemns Cuts, Cites Merger Concerns
SAG-AFTRA, the union representing the laid-off journalists, issued a statement condemning the cuts and linking them to Nexstar’s pursuit of the Tegna acquisition. The guild is currently bargaining with Nexstar stations and has accused the company of attempting to reduce severance pay and limit workers’ negotiating rights .
SAG-AFTRA President Sean Astin stated that the layoffs erode resources for local news and highlight the risks of media consolidation, calling for regulators to prioritize the public interest and the professionals who serve it .
The Nexstar-Tegna Deal: A Changing Media Landscape
The merger between Nexstar and Tegna, announced in August 2025, is valued at $6.2 billion. The purchase price represents a 31% premium to TEGNA’s average 30-day average stock price ending August 8, 2025 and .
Nexstar currently operates over 200 stations in 116 markets, reaching 70% of U.S. Households. Tegna owns stations in 51 markets. The combined entity would control 265 stations, reaching 80% of U.S. TV households .
Broadcasters have been advocating for the FCC to lift the current ownership cap, which limits owners to coverage of 39% of the country, to allow for further consolidation and increased competition with tech companies .
Trump’s Support for the Merger
Former President Trump has publicly voiced his support for the Nexstar-Tegna deal, suggesting it could help combat “Fake News” by increasing competition in the media landscape .
The merger remains subject to regulatory approvals.