Trump Endorses Nexstar's $6.2 Billion Acquisition of Tegna

President Donald Trump has endorsed Nexstar Media Group's $6.2 billion acquisition of Tegna Inc., marking a significant shift from his earlier criticism of the deal. Initially opposed in November 2025, Trump expressed concerns that the merger could expand the influence of what he termed "Fake News Networks." However, in a recent statement on social media, he emphasized the need for increased competition against major broadcast networks, asserting that the deal would help "knock out the Fake News."

'Get That Deal Done:' Trump Backs Nexstar's Acquisition Of Tegna After November OppositionAssociated PressBoston Herald

Nexstar, which operates over 200 television stations across 116 markets, plans to integrate Tegna's 64 stations, thereby reaching approximately 80% of U.S. households. The acquisition, announced in August 2025, is contingent upon regulatory approval from the Federal Communications Commission (FCC), which would need to lift its 39% household reach cap for the merger to proceed. Nexstar CEO Perry Sook has framed the acquisition as aligned with the Trump administration's deregulatory agenda, suggesting it would enhance local broadcasters' competitiveness against larger media entities.

Associated Press

Despite Trump's endorsement, the deal has faced criticism from various conservative factions. Newsmax, a right-leaning network, has voiced concerns that the merger represents dangerous consolidation, potentially harming conservative voices and increasing consumer cable bills. Chris Ruddy, CEO of Newsmax and a Trump ally, reiterated opposition to the merger, arguing it could negatively impact independent programmers.

Associated Press

Nexstar's leadership has defended the acquisition, highlighting its potential to foster competition in the media landscape. Perry Sook stated, "We believe that broadcast news is essential to this country and a free democracy, independent local news." In contrast, Trump’s earlier remarks in November emphasized a desire for smaller networks, stating, "NO EXPANSION OF THE FAKE NEWS NETWORKS. If anything, make them SMALLER!"

Associated Press

• “Letting Good Deals get done like Nexstar – Tegna will help knock out the Fake News because there will be more competition,” — Donald Trump, President

'Get That Deal Done:' Trump Backs Nexstar's Acquisition Of Tegna After November Opposition

• “The Nexstar deal means dangerous consolidation that will limit competition, harm conservative voices and dramatically increase consumer cable bills,” — Newsmax Statement

Associated Press

• “We believe that broadcast news is essential to this country and a free democracy, independent local news,” — Perry Sook, CEO of Nexstar

'Get That Deal Done:' Trump Backs Nexstar's Acquisition Of Tegna After November Opposition

The acquisition is expected to close in the second half of 2026, pending regulatory approval. As the FCC considers the implications of lifting ownership caps, the outcome of this deal could significantly reshape the landscape of local broadcast media in the United States.

Associated Press