Trump FCC lets Nexstar buy Tegna and blow way past 39% TV ownership cap
5 hours ago
- #broadcast-regulation
- #FCC
- #media-merger
- FCC approves Nexstar Media Group's $6.2 billion acquisition of Tegna, bypassing national ownership limits.
- Nexstar closed the deal after FCC and DOJ approvals, but state attorneys general are challenging it in court.
- Opponents argue the FCC lacks authority to waive the 39% ownership cap; Nexstar will reach 80% of US TV households (54.5% with UHF discount).
- Former President Trump endorsed the merger, calling for competition against 'Fake News National TV Networks.'
- FCC Chair Brendan Carr supported Trump's stance, criticizing networks like Comcast & Disney for excessive power.
- Nexstar previously aligned with Carr by removing Jimmy Kimmel's show after Carr threatened broadcasters over content.