"The transaction is unprecedented in scale, resulting in the largest local broadcast television group in U.S. history, with 259 full-power television stations across 44 states, reaching nearly 80 percent of U.S. television households, even after required divestitures."
"The FCC approved the $6.2 billion merger in mid-March, which, if finalized, would give the combined company reach into more than half of all U.S. homes, which violates a 2024 Congressional cap that limits broadcasters to only a 39% national market reach."
"Close allies of the president warned the deal would hurt their business, with Newsmax CEO Chris Ruddy and One America News Network's Charles Herring opposing the consolidation over its implications for conservative media."
"Carr promoted the deal as a way to get more conservative content into more American households, arguing that the new combined company would be friendly to the president."
Senators Ted Cruz and Maria Cantwell expressed strong opposition to FCC Chairman Brendan Carr's approval of the Nexstar and Tegna merger. The merger would create the largest local broadcast television group in U.S. history, reaching nearly 80 percent of U.S. households. Concerns were raised about the Commission's use of authority in significant transactions. The $6.2 billion deal violates a Congressional cap limiting broadcasters to a 39% national market reach. Conservative media figures also warned that the merger could negatively impact their businesses, despite Carr's claims of increased conservative content availability.
Read at www.mediaite.com
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