Lining Up to Buy Tegna?

Back in April, FTVLive was the FIRST to tell you that Nexstar was interested in buying Tegna. 

It now appears that Gray Television may also be interested in acquiring Tegna.

TheStreet.com writes that "Tegna has been adamant [that] 'we're not selling; we look to be a buyer,'" Benchmark's Kurnos said. However, investors could push for a sale, especially if a rival such as Gray or Nexstar came forward. Gray and Nexstar declined to comment. 

A merger with Gray could be akin to Meredith's failed 2015 merger with Media General Inc. Though Meredith's management would take the lead of the post-merger company, Media General shareholders would receive the majority of the shares. Nexstar trumped Meredith's bid.

A deal between Tegna and Nexstar could be a straight-up merger.

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