AXIOS (Avery Lotz) - States challenge "broadcast behemoth" mega-merger
Eight states sued to block the massive $6.2 billion merger of Nexstar and Tegna that could create the largest local broadcast company in the country by far. Why it matters: The deal, which would require lifting the limit on television station ownership, is a litmus test for the Federal Communications Commission's deregulation drive. - FCC Commissioner Brendan Carr has already signaled . - While Trump has signaled he is not in favor of lifting the national ownership cap, he's endorsed the deal as a means for "more competition against THE ENEMY, the Fake News National TV Networks." By the numbers: Nexstar is already the largest owner of local TV stations in the nation, while Tegna ranks in the top five. - The companies say that the…
Eight states sued to block the massive $6.2 billion merger of Nexstar and Tegna that could create the largest local broadcast company in the country by far. Why it matters: The deal, which would require lifting the limit on television station ownership, is a litmus test for the Federal Communications Commission's deregulation drive. - FCC Commissioner Brendan Carr has already signaled . - While Trump has signaled he is not in favor of lifting the national ownership cap, he's endorsed the deal as a means for "more competition against THE ENEMY, the Fake News National TV Networks." By the numbers: Nexstar is already the largest owner of local TV stations in the nation, while Tegna ranks in the top five. - The companies say that the…Open