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FCC Chair Backs Nexstar’s Proposed Acquisition of TEGNA After Trump's Public Support
- On Wednesday, FCC Chair Brendan Carr said he supports the $6.2 billion acquisition, adding `I support that transaction` .
- Supporters including Nexstar argue ending the ownership cap can boost local news investment and scale, as Carr supports the deal announced earlier this month.
- Nexstar's reach exceeds 80 percent of the population by controlling stations and using the UHF discount, while FCC rules limit ownership to 39 percent of U.S. TV households.
- Anna Gomez, the Democratic FCC commissioner, said she wants a full commission vote on the Nexstar-TEGNA deal, not just the Media Bureau, remarks made Wednesday.
- The FCC can approve the deal by granting waivers to ownership rules where TEGNA owns stations; Nexstar would become the largest regional TV-station operator, increasing competition with television networks.
29 Articles
29 Articles
FCC Chair Backs Nexstar-Tegna Merger: A Shift in Media Dynamics
The FCC Chair supports Nexstar's $3.54 billion bid to acquire Tegna, aiming to create the largest U.S. regional TV operator. This merger would require lifting ownership caps amid challenges for local media from streaming services. Discussions on revising ownership rules continue amidst debate about fair competition.
FCC's Gomez says Nexstar-TEGNA deal should get full panel vote
FCC Commissioner Anna Gomez (left) speaks with Steve Herman, the Executive Director of the Jordan Center at the University of Mississippi’s School of Journalism. (Still frame via web broadcast, Graphic by The Desk) The lone Democratic official at the Federal Communications Commission (FCC) says Nexstar Media Group’s proposed $6 billion acquisition of peer broadcaster TEGNA should be scrutinized and voted on by the full panel of commissioner. At …
FCC Bureau-Level Approval of Nexstar/Tegna Seen as Riskier but Harder to Challenge
If the $6.8 billion Nexstar/Tegna deal is approved at the FCC bureau level on delegated authority, it could make it harder for opponents to challenge the transaction but could also increase the risks for the companies, said industry attorneys and...
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