US EditionTrump praises Nexstar-Tegna broadcast television deal he once opposed
Trump reversed his stance to support Nexstar's $6.2 billion acquisition of Tegna, which would expand Nexstar's reach to 80% of U.S. households, pending FCC approval.
- On Saturday, President Donald Trump endorsed Nexstar Media Group's $6.2 billion purchase of Tegna, reversing his earlier criticism and urging approval.
- Nexstar announced the deal in August and filed for approval, following its $3.54 billion proposal last year to acquire Tegna and become the largest U.S. regional TV operator.
- Nexstar oversees more than 200 owned and partner stations in 116 markets and operates networks like The CW and NewsNation, while Tegna owns 64 news stations in 51 markets including True Crime Network and Quest.
- Critics warned the deal could give Nexstar and Tegna a combined reach of around 80% of U.S. households, exceeding FCC limits, prompting scrutiny from Sen. Michael Bennet and Rep. Joe Neguse.
- The deal comes as the Federal Communications Commission seeks to reform local TV ownership rules, while some U.S. courts have struck down station limits and Nexstar aligns with the Trump administration's deregulatory moves.
70 Articles
70 Articles
Trump Endorses Nexstar–Tegna Broadcast Television Deal
President Donald Trump on Feb. 7 praised Nexstar Media Group’s planned multi-billion-dollar purchase of rival broadcast giant Tegna less than a year after the acquisition was announced. “We need more competition against THE ENEMY, the Fake News National TV Networks. Letting Good Deals get done like Nexstar–Tegna will help knock out the Fake News because there will be more competition, and at a higher and more sophisticated level,” Trump wrote on…
Trump Comes Out in Support Of a Massive ABC, CBS, FOX, & NBC Merger With Nexstar & Tegna That Would Change TV
In a surprising turnaround, President Donald Trump has thrown his support behind Nexstar Media’s ambitious plan to acquire Tegna, a move that could reshape the landscape of American broadcasting. The endorsement came through a post on his social media platform, Truth Social, where he highlighted the potential for the deal to bolster competition in the […] The post Trump Comes Out in Support Of a Massive ABC, CBS, FOX, & NBC Merger With Nexstar &…
'Get That Deal Done:' Trump Backs Nexstar's Acquisition Of Tegna After November Opposition - Newsmax (NYSE:NMAX), Nexstar Media Gr (NASDAQ:NXST)
President Trump reversed his opposition to Nexstar's $6.2 billion acquisition of Tegna, urging the deal to be completed on Truth Social. Importance Rank: 1
Trump Says Nexstar-Tegna Merger Will “Knock Out the Fake News,” FCC Chair Says “Let’s Get It Done”
"Those that are opposed don’t fully understand how good the concept of this Deal is for them, but they will in the future," the president wrote on Truth Social Saturday.
Nexstar-Tegna $6.2 bn television deal wins Trump’s support despite conservative pushback
President Donald Trump endorsed Nexstar Media Group's $6.2 billion purchase of Tegna, reversing earlier criticism. Trump stated the deal would increase competition against "Fake News" national networks. The acquisition, pending regulatory approval, would combine two major local broadcast media companies.
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