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.
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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.
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.