Trump throws support behind Nexstar-Tegna broadcast deal he once opposed
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President Trump reversed course on Saturday and appeared to endorse Nexstar Media Group's $6.2 billion purchase of its rival Tegna. In:
President Trump reversed course on Saturday and appeared to endorse Nexstar Media Group's $6.2 billion purchase of its rival Tegna.
In a post on Truth Social, the president said "we need more competition against THE ENEMY, the Fake News National TV Networks," and that "good deals" like Nexstar's purchase of Tegna will "help knock out the Fake News because there will be more competition."
"Those that are opposed don't fully understand how good the concept of this Deal is for them, but they will in the future. GET THAT DEAL DONE!" he wrote.
Nexstar's acquisition of Tegna, which was announced in August, requires regulatory approval. The deal would bring together two companies with significant holdings in local broadcast media, expanding Nexstar's reach in the U.S. television and local news landscape. Nexstar oversees more than 200 owned and partner stations in 116 markets nationwide today and also runs networks like The CW and NewsNation. Tegna owns 64 news stations across 51 markets.
If approved by Tegna shareholders, the deal is expected to close in the second half of 2026.
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