Trump Praises Nexstar-Tegna Broadcast Television Deal He Once Opposed
8 Articles
8 Articles
2 Triad TV stations could be under the same ownership. Trump now backs mega deal between Nexstar and Tegna
A combined Nexstar-Tegna would have 265 television stations in 44 states and the District of Columbia with a presence in 80% of U.S. television households.
Trump praises Nexstar-Tegna broadcast television deal he once opposed
WASHINGTON (AP) — President Donald Trump on Saturday endorsed Nexstar Media Group's $6.2 billion purchase of broadcast rival Tegna, an apparent reversal from earlier criticism of the deal. “We need more competition against THE ENEMY, the Fake News National TV Networks,” Trump wrote on social media. “Letting Good Deals get done like Nexstar - Tegna will help [...]
Trump blesses Nexstar-Tegna merger, paving way for more consolidation
President Donald Trump took to Truth Social over the weekend to give his blessing to a major media consolidation. Last summer, Nexstar and Tegna, two of the largest ownership groups of local broadcast stations in the country, announced plans to merge under one umbrella. Nexstar owns over 200 stations across the country, while Tegna owns 61 stations in 54 markets. The proposed combination would require the FCC to lift its cap on broadcast station…
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In a reversal, Trump endorses Nexstar's $6.2B acquisition of Tegna, saying “We need more competition against THE ENEMY, the Fake News National TV Networks”
Laya Neelakandan / CNBC: In a reversal, Trump endorses Nexstar's $6.2B acquisition of Tegna, saying “We need more competition against THE ENEMY, the Fake News National TV Networks” — President Donald Trump on Saturday endorsed Nexstar Media's proposed $6.2 billion acquisition of Tegna, just months after criticizing the deal.
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