The FCC approved Nexstar Media Group's $6.2 billion acquisition of Tegna, granting a waiver that allows the combined company to reach 80% of US TV households—far exceeding the 39% national ownership cap. The deal received support from President Trump, who argued it would create competition against major networks, while opponents challenge the FCC's authority to grant such waivers. The merger faces ongoing legal challenges from state attorneys general who argue only Congress can change ownership limits.
Background
The FCC's National Television Ownership Rule limits any single entity from reaching more than 39% of US TV households, designed to prevent excessive media consolidation. Recent administrations have debated whether to enforce or waive these limits amid changing media landscapes.
- Source
- Ars Technica
- Published
- Mar 21, 2026 at 04:08 AM
- Score
- 7.0 / 10