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Nexstar CEO Salutes Donald Trump For Backing Tegna Merger, Says Mega-Deal Is On Track To Close By June
| USA | culture | ✓ Verified - deadline.com

Nexstar CEO Salutes Donald Trump For Backing Tegna Merger, Says Mega-Deal Is On Track To Close By June

#Nexstar #Tegna merger #Donald Trump #Media consolidation #TV stations #Truth Social #Fake news #$6.2 billion deal

📌 Key Takeaways

  • Nexstar CEO thanked Trump for supporting the Tegna merger
  • $6.2 billion deal expected to close by June 30
  • Merger would create largest local TV station owner in the US
  • Trump backed deal on Truth Social to compete against 'Fake News'
  • Consolidation would reach 80% of US households

📖 Full Retelling

Nexstar CEO Perry Sook expressed gratitude to President Donald Trump for his support of the pending $6.2 billion merger with Tegna during the company's fourth-quarter earnings call on Thursday. Sook confirmed the transaction remains on track to close by June 30, the end of the second quarter, despite regulatory scrutiny. The megadeal would create by far the largest owner of local TV stations in the United States, with broadcast reach extending to approximately 80% of American households. Earlier this month, Trump had publicly backed the transaction in a post on his Truth Social platform, arguing that the consolidation would foster 'more competition against THE ENEMY, the Fake News National TV Networks.' This public endorsement from the former president adds significant political momentum to an already substantial media consolidation effort that has drawn attention from both industry observers and regulatory bodies concerned about media concentration.

🏷️ Themes

Media Consolidation, Political Influence, Corporate Mergers

📚 Related People & Topics

Concentration of media ownership

Control of mass media

Concentration of media ownership, also known as media consolidation or media convergence, is a process wherein fewer individuals or organizations control shares of the mass media. Research in the 1990s and early 2000s suggested then-increasing levels of consolidation, with many media industries alre...

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Television channel

Television channel

Frequency/channel over which a television station is distributed

A television channel, or TV channel, is a terrestrial frequency or allocated number over which a television station or television network is distributed. For example, in North America, channel 2 refers to the terrestrial or cable band of 54 to 60 MHz, with carrier frequencies of 55.25 MHz for NTSC a...

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Nexstar Media Group

Nexstar Media Group

American media company

Nexstar Media Group, Inc. is an American publicly traded media company with headquarters in Irving, Texas; Midtown Manhattan; and Chicago. Founded on June 17, 1996, the company is the largest television station owner in the United States, owning 197 television stations across the United States, most...

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Donald Trump

Donald Trump

President of the United States (2017–2021; since 2025)

Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021. Born into a wealthy New York City family, Trump graduated from the...

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Entity Intersection Graph

Connections for Concentration of media ownership:

🌐 Netflix 6 shared
🌐 Paramount 4 shared
👤 David Ellison 2 shared
🏢 Warner Bros. 1 shared
🌐 Competition law 1 shared
View full profile
Original Source
Nexstar CEO Perry Sook told Wall Street analysts that the company’s executives “appreciate the support” of President Trump of the pending $6.2 billion merger with Tegna. Speaking on the company’s fourth-quarter earnings call Thursday, Sook fielded multiple questions about the transaction, which he said is on track to close by the end of the second quarter on June 30. The megadeal would create by far the largest owner of local TV stations, with reach to 80% of U.S. households. Earlier this month, Trump backed the transaction in a post on Truth Social, arguing the deal would create “more competition against THE ENEMY, the Fake News National TV Networks.” Related Stories News Donald Trump Goes Off On Robert De Niro Over Comments At Counter State Of The Union Event; Actor Said He Felt "Betrayed By My Country"
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Source

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