Shares in local TV giant Tegna surged nearly 30% in mid-day trading Monday on news that leading station owner Nexstar is in advanced talks to acquire the company. A source familiar with the discussions confirmed them to Deadline. The valuation remains unclear for the time being, but it will be well into the billions. Tegna in 2023 had an $8.6 billion offer (including debt) from private equity firm Standard General. At that time, under Democrats’ control, the FCC effectively blocked the transaction over con ...