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The future of local TV news has taken a Trumpian turn

2 min read

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Tina Nguyen.

The schemes and shenanigans behind the Nexstar-Tegna deal.

Key facts

Summary

In 2004, the Federal Communications Commission laid down a rule designed to prevent a monopoly: No one company could broadcast to more than 39 percent of all the TV households in the United States. If you ask Nexstar why it’s pursuing a merger that would give it control of over 80 percent of the market, it’d point to Big Tech as the culprit. But the second Trump administration handles regulatory hurdles a little differently than others, and companies have found that it’s faster to get what they want if they bypass the agencies and talk (read: suck up) to Trump directly. However, Nexstar’s loyalty to Trump himself was not enough to win over his most powerful MAGA supporters. The Nexstar-Tegna MAGA makeover then took a more subtle turn.

Read full article at The Verge →