Tegna Falls 5% After Trump Criticizes Lifting Local TV Ownership Cap

Trump takes aim at FCC review of broadcast ownership cap

President Donald Trump expressed unease with proposals to loosen the Federal Communications Commission‘s station-ownership rules, injecting fresh doubt into Nexstar Media Group‘s planned $6.2 billion takeover of TEGNA. Trump suggested the proposal would ultimately bolster the major liberal networks he frequently criticizes, pointing to NBC and ABC as examples, and warning it could expand the reach of “fake news.” On Truth Social, he said changes…

Trump Opposes Lifting Broadcast Ownership Cap

A possible initiative by the Federal Communications Commission (FCC) to repeal or revise a rule and allow companies to have increased ownership of television stations has been opposed by President Donald Trump. FCC Chairman Brendan Carr has publicly mulled changing the body’s “national television multiple ownership rule” or “national audience reach cap,” a federal regulation that limits any one entity from owning television networks that reach m…

Newsmax CEO Ruddy on FCC Cap: Trump ‘Strongly Standing With Us’

Newsmax CEO Christopher Ruddy praised President Donald Trump for coming out swinging against his own FCC Chair Brendan Carr over plans that would allow major TV networks to significantly expand their national reach by raising local ownership caps."He's strongly standing with us, and he's saying no expansion on this cap," Ruddy told Monday's "National Report," adding the president's message could not be clearer."And it's the craziest thing I've e…

Newsmax CEO Ruddy on FCC Cap: Trump ‘Strongly Standing With Us’

Newsmax CEO Christopher Ruddy praised President Donald Trump for coming out swinging against his own FCC Chair Brendan Carr over plans that would allow major TV networks to significantly expand their national reach by raising local ownership caps."He's strongly standing with us, and he's saying no expansion on this cap," Ruddy told Monday's "National Report," adding the president's message could not be clearer."And it's the craziest thing I've e…

Newsmax CEO Ruddy on FCC Cap: Trump ‘Strongly Standing With Us’

Newsmax CEO Christopher Ruddy praised President Donald Trump for coming out swinging against his own FCC Chair Brendan Carr over plans that would allow major TV networks to significantly expand their national reach by raising local ownership caps."He's strongly standing with us, and he's saying no expansion on this cap," Ruddy told Monday's "National Report," adding the president's message could not be clearer."And it's the craziest thing I've e…

Tegna Falls 5% After Trump Criticizes Lifting Local TV Ownership ...