Donald Trump has supported Nexstar’s plan to merge with Tegna. This deal could create a large broadcasting company that would reach 80% of TV households in the United States. Trump believes the merger is important for more competition against larger news networks.
On his social media, Truth Social, Trump said that the merger would help fight “fake news.” He thinks there should be more competition among news networks. Nexstar plans to buy 265 TV stations in 44 states for $6.2 billion. However, Nexstar needs permission from the Federal Communications Commission (FCC) because the current rules limit ownership.
The FCC is now looking at the merger and may change these rules. Brendan Carr, the FCC chair appointed by Trump, agreed with him. He said that big networks like Comcast and Disney have too much power and that the merger could improve competition.
Some groups, like Newsmax, worry about the impact of this merger. They argue it could reduce local content and increase customer costs. They call for maintaining limits on media ownership. The debate continues as the FCC reviews the merger.
Vocabulary List:
- Merger /ˈmɜːrdʒər/ (noun): The combination of two companies to form a single entity.
- Competition /ˌkɒmpəˈtɪʃən/ (noun): The activity of competing against others.
- Broadcasting /ˈbrɔːd.kæst.ɪŋ/ (noun): The transmission of programs or information by radio or television.
- Permission /pərˈmɪʃ.ən/ (noun): Approval to do something.
- Impact /ˈɪm.pækt/ (noun): The strong effect or influence something has on a situation or person.
- Ownership /ˈoʊnərʃɪp/ (noun): The state or fact of owning something.
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