## Tegna Completes Acquisition of WFAA and Six Other Stations From the Dallas Mavericks **Tegna Inc.,** the parent company of WFAA, has completed its acquisition of the station from the Dallas Mavericks. The deal, which was announced in October 2022, includes six other stations in Texas, Oregon, and North Carolina. The total purchase price was approximately $2.4 billion. ### Tegna Expands Its Reach in Texas Tegna has a strong presence in Dallas-Fort Worth, with WFAA and three other stations. The acquisition of WFAA gives Tegna a monopoly on the Dallas-Fort Worth market. It also gives Tegna a stronger foothold in the Texas market, which is one of the largest in the country. ### Mavericks Focus on Team Performance The Dallas Mavericks are selling WFAA to focus on their team performance. The team has struggled in recent years, and owner Mark Cuban is hoping that the sale of WFAA will give the team more financial flexibility. The Mavericks will continue to own and operate their own regional sports network, Bally Sports Southwest. ### WFAA Remains Committed to Excellence WFAA has been a fixture in the Dallas-Fort Worth market for over 70 years. The station is committed to providing high-quality local news and information. Tegna has said that it will continue to support WFAA's commitment to excellence.
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