Nexstar Merger Fight Leaves Largest US TV Station Owner in Limbo

Few executives bother coming into Tegna Inc.’s corporate offices in New York and Tysons, Virginia, very often anymore.

Business plans and staffing decisions have been put on pause. Managers say they’re not sure what they’re supposed to do. Rank-and-file workers say they don’t know who’s in charge.

This was not how the largest-ever merger of TV station groups was supposed to go down. Nexstar Media Group Inc. Chief Executive Officer Perry Sook, who founded the company with a single Pennsylvania station 30 years ago, envisioned a newly energized local broadcasting business that could take on bigger media rivals ...