Trump-era approval clears Nexstar-Tegna TV merger

1 min read
Source: MS NOW
Trump-era approval clears Nexstar-Tegna TV merger
Photo: MS NOW
TL;DR Summary

The Trump administration approved Nexstar’s $6.2 billion takeover of Tegna, lifting the National Television Ownership Rule to give Nexstar 265 local stations across 44 states (roughly 132 of 210 TV markets) despite an antitrust suit from eight state attorneys general; the deal drew criticism from a Democratic FCC commissioner who warned it could reduce local journalism and competition, while Nexstar’s CEO credited Trump and FCC leadership for moving it forward.

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