Anonymous14 days ago
The Trump administration's FCC approved Nexstar Media Group's $6.2 billion acquisition of rival broadcaster Tegna, creating a company that owns 265 television stations reaching 80 percent of American households — after waiving the federal rule capping ownership at 39 percent. Eight state attorneys general and DirecTV have filed lawsuits to block the deal, arguing it will raise consumer prices and harm local journalism, while Nexstar says the scale is necessary for local TV to survive.