Trump Backs Nexstar-Tegna Merger; FCC Chair Urges Swift Approval
Former President Donald Trump has endorsed the proposed merger between Nexstar and Tegna, which is currently undergoing review by the Federal Communications Commission (FCC). Trump expressed his views on Truth Social, highlighting that the merger could combat what he describes as “Fake News” by enhancing competition in television.
Trump’s Support for the Nexstar-Tegna Merger
On Saturday, Trump took to social media to advocate for the merger. He stated that competition against major national networks is crucial. The merger, he claims, will contribute to a landscape where local news can thrive, and misinformation can be countered effectively.
Trump emphasized that skeptics of the deal are unaware of its potential benefits. He urged quick action from regulators, stating, “GET THAT DEAL DONE!”
The Merger Details
The merger between Nexstar and Tegna was announced in August. If approved, Nexstar would acquire 265 local television stations across 44 states and the District of Columbia. This would place Nexstar in a position to cover approximately 80% of U.S. television households.
- Number of Stations: 265 local TV stations
- States Involved: 44 states and the District of Columbia
- Designated Market Areas (DMAs): 132 of 210 DMAs
- Market Coverage: 80% of U.S. TV households
Support from FCC Chairman
The chairman of the FCC, Brendan Carr, also shared Trump’s post on X, affirming the need for increased competition against large national networks like Comcast and Disney. Carr criticized these entities for exerting significant control over media programming and echoed Trump’s sentiment for expediting the merger.
Nexstar’s Vision for Local Journalism
Nexstar CEO Perry Sook praised the merger, claiming it will help local journalism flourish in the face of competition from tech giants. He articulated that the acquisition would allow Nexstar to invest further in high-quality journalism and better serve local communities.
- Focus on Local Journalism: Investment in high-quality reporting and local news
- Community Engagement: Delivered by familiar local journalists, not external influencers
Sook argued that regulatory challenges have hindered the delivery of trusted local news, which is essential in today’s politically polarized environment. His statement emphasized the need for dependable, fact-based journalism accessible to all Americans.
Broader Context of Mergers in Media
Trump’s comments come amid broader discussions about major media mergers. Recently, he addressed the rivalry between Netflix and Paramount over Warner Bros. Discovery’s acquisition, indicating that he would not involve himself in that particular merger. Netflix has proposed an $82 million buyout of Warner Bros, while Paramount has countered with a $108.7 billion hostile offer.
As the media landscape continues to evolve, the outcome of the Nexstar-Tegna merger could significantly impact the future of local journalism and the competitive dynamics of national broadcasting.
