FCC Scraps 39% National TV Ownership Cap in Major Policy Shift
SSP and SBGI surged as broadcasters gained flexibility to pursue larger mergers.
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Trump Endorses Nexstar-Tegna $6.2B Merger After Reversal
President Trump endorses Nexstar's $6.2B Tegna acquisition, reversing earlier criticism. Deal would create largest local TV operator covering 80% of U.S. households.
Trump Opposition Sinks Tegna Stock as TV Merger Deal Faces Uncertainty
Tegna shares dropped 4% after Trump opposed FCC ownership cap changes, threatening Nexstar's $6.2B acquisition and creating turmoil in TV broadcasting consolidation plans.
Nexstar Acquires Tegna, Expanding Broadcast Reach
Nexstar is acquiring Tegna for $6.2B cash ($22/share), expanding its reach to 80% of US homes. This consolidates local media, testing eased regulations and aiming for $300M synergies to compete with Big Tech. Expected to close H2 2026.