FCC Chair Brendan Carr supports Nexstar acquisition of Tegna
FCC Chair Brendan Carr backed Nexstar's $3.54 billion acquisition of Tegna on Wednesday. The deal would create the largest U.S. regional TV station operator.
Insights:
Federal Communications Commission Chair Brendan Carr today announced his support for the proposed $3.54 billion acquisition of TEGNA Inc. by Nexstar Media Group, Inc. . This endorsement marks a significant regulatory signal for the US 
US media landscape, as the deal’s approval would require the commission to lift or revise an 85-year-old national television station ownership cap. Carr’s backing is seen as a pivotal development that could materially affect the ability of the transaction to proceed and fundamentally alter the structure of broadcast ownership.
US media landscape, as the deal’s approval would require the commission to lift or revise an 85-year-old national television station ownership cap. Carr’s backing is seen as a pivotal development that could materially affect the ability of the transaction to proceed and fundamentally alter the structure of broadcast ownership.
