Texas broadcaster teams up with investment firm to make offer for KHOU parent co.

Phoenix investment firm Najafi Cos. is teaming with a faith-based broadcaster in Texas in an effort to buy a national media company.

Najafi and Fort Worth-based Trinity Broadcasting Network put a joint offer of $20 per share together for Tegna Inc. (NYSE: TGNA), the Virginia-based a company formed five years ago in the spinoff of Gannett Co.’s television and radio stations. Tegna’s Texas stations include Dallas’ WFAA, Austin’s KVUE and Houston’s KHOU.

In a statement from the two companies, the…