The FCC has eliminated its 39% household ownership cap under new chairman Brendan Carr's deregulation initiative. Nexstar announced a $6.2 billion acquisition of rival Tegna, which would give it control of over 80% of the local TV market. The consolidation reflects traditional media's struggle against Big Tech competitors like Netflix and YouTube for advertiser dollars.
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The future of local TV news has taken a Trumpian turn
FCC deregulation allows Nexstar's $6.2B Tegna acquisition to consolidate 80% of local TV ownership, accelerating traditional media's collapse against Big Tech for advertiser dollars.
Sunday, April 19, 2026 12:00 PM UTC2 MIN READSOURCE: The VergeBY sys://pipeline
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