Trump Throws Support Behind Nexstar-Tegna Broadcast Deal, Reversing Previous Opposition
In a surprising turn of events, President Trump has thrown his support behind the $6.2 billion purchase of Tegna by Nexstar Media Group, a deal he previously opposed. This reversal comes as the Federal Communications Commission (FCC) seeks to reform rules limiting local TV station ownership.Trump's Shift in Stance
According to reports, President Trump expressed his support for the deal on social media, stating that 'good deals' like Nexstar's purchase of Tegna will 'help knock out the Fake News because there will be more competition.' He also emphasized the need for more competition against national TV networks. This shift in stance is a significant development, as Trump had previously criticized the deal, citing concerns about the Radical Left Networks expanding their reach.
The Deal and Its Implications
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media, expanding Nexstar's reach in the U.S. television and local news landscape. The deal requires regulatory approval and is expected to close in the second half of 2026. If approved by Tegna shareholders, it would mark a major consolidation in the industry.
FCC Chairman Brendan Carr's Support
FCC Chairman Brendan Carr has expressed his support for Trump's stance on the deal, stating that the national networks have amassed too much power and pushing 'Hollywood & New York programming' all over the country with no real checks. He emphasized the need to bring real competition to these networks.
Nexstar's Portrayal of the Deal
Nexstar has sought to portray the deal as consistent with the Trump administration's deregulatory moves, stating that it would offer local broadcasters the opportunity to expand reach, level the playing field, and compete more effectively with Big Tech and legacy Big Media companies.
The Shift in Consumer Behavior
The news of the acquisition comes as more Americans shift from cable to streaming services. According to a July 2025 Gallup poll, 83% of U.S. adults watch streaming services, while 36% subscribe to cable or satellite TV at home.
President Trump's reversal on the Nexstar-Tegna broadcast deal marks a significant development in the industry. As the FCC seeks to reform rules limiting local TV station ownership, this consolidation could have far-reaching implications for the future of media and broadcasting in the United States.
