"Nexstar's acquisition gives it control of 265 local stations across 44 states, reaching 80% of the nation's households, which raises significant antitrust concerns."
"Lawsuits argue that the deal may lead to increased costs for TV viewers and a reduction in the number of newsrooms providing local news coverage."
"The FCC has indicated it has the authority to waive federal competition limits, which could facilitate Nexstar's consolidation efforts despite historical regulatory resistance."
Nexstar's $6.2 billion acquisition of Tegna allows control over 265 local stations, reaching 80% of U.S. households. This consolidation raises antitrust concerns, with lawsuits suggesting potential cost increases for viewers and reductions in local news coverage. The deal's approval faced minimal public debate, and the FCC has indicated it can waive competition limits. Nexstar's actions, including pulling Jimmy Kimmel's show and hiring pro-Trump commentators, suggest a strategy to align with the Trump administration, complicating the deal's future prospects.
Read at www.npr.org
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