Trump FCC lets Nexstar buy Tegna and blow way past 39% TV ownership cap

The FCC approved Nexstar's $6.2 billion acquisition of Tegna, granting a waiver that allows the combined entity to far exceed the 39% national TV station ownership cap, reaching 80% of US TV households. Trump publicly endorsed the merger as a way to create competition against networks he calls 'Fake News,' and FCC Chairman Brendan Carr quickly aligned with that stance. State attorneys general are challenging the deal in court, arguing the FCC lacks authority to waive the congressionally set ownership limit.