President Trump endorsed Nexstar Media Group’s $6.2 billion acquisition of Tegna, claiming it would enhance competition against “Fake News” networks. Initially critical of the deal, Trump now supports it, urging its completion for the benefit of local broadcasters. The acquisition, which requires regulatory approval, aims to consolidate media holdings and adapt to the shift from cable to streaming services. Nexstar’s CEO highlighted the deal as aligned with the Trump administration’s deregulatory efforts.
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