A Tyler-based news station and its parent company will be acquired in a media merger, according to reports.  Nexstar Media Group announced Tuesday that it will acquire TEGNA Inc. in an all-cash transaction valued at $6.

Nexstar Media Group, the owner of ABC27, plans to purchase Tegna, the owner of FOX43. Nexstar announced on Tuesday that it plans to acquire all outstanding shares of Tegna for $22 per share in a cash transaction valued at $6.2 billion.

Nexstar’s takeover of Tegna, enabled by Trump-era deregulation, positions the company to reach 80% of U.S. households

NBC affiliate 9News draws the most viewers to its daily newscasts, followed by KDVR (Fox), KCNC (CBS), KMGH (ABC) and KWGN (The CW, which is also owned by Nexstar), Comscore reported. Leaders 9News and Fox31 have frequently jockeyed for the top position in the Denver-Aurora market over the last five years, Comscore has reported.

The $6.2 billion cash transaction would expand Nexstar’s station group to 265 outlets nationwide, including a bigger foothold in Texas.

If the deal for Nexstar Media Group to buy rival Tegna goes through, one owner will control three of the Memphis market’s five primary news stations.

Nexstar Media Group, the parent company of Portsmouth-based WAVY-TV and WVBT-TV, is buying local news broadcast rival Tegna, the parent company of Norfolk-based 13News Now or WVEC-TV, for $6.2