"We need more competition against THE ENEMY, the Fake News National TV Networks, Trump wrote. He urged the Federal Communications Commission to GET THAT DEAL DONE! Letting Good Deals get done like Nexstar Tegna will help knock out the Fake News because there will be more competition, and at a higher and more sophisticated level, Trump wrote. Those that are opposed don't fully understand how good the concept of this Deal is for them, but they will in the future."
"The merger would combine Nexstar's 200 owned or partner outlets with Tegna's 64 stations. Both companies operate stations affiliated with ABC, CBS, NBC and Fox. Nexstar also owns the CW network and NewsNation, Bloomberg reported. Trump hasn't always been bullish on the deal that would require the FCC to revoke a rule preventing local TV station owners from covering more than 39% of the country. When the deal was announced in August, Nexstar said the combined entity would reach 80% of US households, Bloomberg reported."
President Donald Trump posted on Truth Social urging the Federal Communications Commission to approve Nexstar's $3.5 billion merger with Tegna, calling mainstream networks 'THE ENEMY' and 'Fake News.' He argued that the combined company would increase competition and 'knock out the Fake News' by offering more sophisticated alternatives. The deal would merge Nexstar's roughly 200 owned or partner outlets with Tegna's 64 stations and could reach about 80% of U.S. households, requiring revocation of a 39% national coverage cap. Trump previously opposed the deal, but his endorsement could influence senators and the FCC before a Feb. 10 hearing.
Read at www.mediaite.com
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