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Nexstar

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SAG-AFTRA Slams Nexstar’s Nationwide Local-News Layoffs
business8 days ago

SAG-AFTRA Slams Nexstar’s Nationwide Local-News Layoffs

SAG-AFTRA is slamming Nexstar for sweeping local-news layoffs at stations such as KTLA, WGN and WPIX—eight cuts at WGN—arguing the moves threaten local reporting and highlight the dangers of media consolidation as Nexstar pursues a $6.2 billion Tegna merger; Nexstar says it won't comment on personnel issues and is taking steps to stay competitive. The union is negotiating multiple local contracts and vows to push for strong protections for journalists and the audiences who rely on them.

Trump backs Nexstar-Tegna TV merger, signaling a media shakeup
business25 days ago

Trump backs Nexstar-Tegna TV merger, signaling a media shakeup

President Trump endorsed Nexstar's $6.2 billion plan to acquire Tegna, a move that would create a nationwide local-news footprint reaching about 80% of U.S. households. The reversal from his November stance comes as regulators weigh possible deregulation of broadcast-ownership caps. If approved, the deal could reshape local broadcasting and programming, boosting efficiencies but raising concerns about competition and diversity of viewpoints; closing is targeted for late 2026.

Trump Backs Nexstar–Tegna Merger as FCC Chair Pushes to Move It Forward
business26 days ago

Trump Backs Nexstar–Tegna Merger as FCC Chair Pushes to Move It Forward

Former President Donald Trump voiced support for Nexstar’s planned acquisition of Tegna on Truth Social, arguing the deal will 'knock out the Fake News' and spur competition against national networks. FCC Chair Brendan Carr amplified the push, saying the merger should be approved and that it would bring real competition to a media landscape dominated by big networks. If approved, Nexstar would own 265 local TV stations in 44 states and DC, reach 132 of the 210 Nielsen DMAs, and cover about 80% of U.S. TV households. Nexstar CEO Perry Sook said the deal would strengthen local journalism amid a changing media market, while regulators weigh antitrust and information‑quality concerns.

Trump Throws Support Behind Nexstar-Tegna Merger as FCC Review Looms
business27 days ago

Trump Throws Support Behind Nexstar-Tegna Merger as FCC Review Looms

Donald Trump endorsed Nexstar’s proposed acquisition of Tegna to form a broadcast giant covering about 80% of U.S. TV households. The $11 billion deal still requires an FCC waiver of the 39% national ownership cap, which the commission is weighing; FCC Chair Brendan Carr publicly supported moving the deal forward with Trump’s endorsement, saying “Let’s get it done.” The merger has drawn mixed reactions from industry players and watchdogs amid ongoing debates over media concentration and localism.