Trump backs Nexstar’s $6.2 billion takeover of broadcast rival Tegna, a few months after blasting merger of ‘Radical Left Networks’
President Donald Trump on Saturday endorsed Nexstar Media Group’s $6.2 billion purchase of broadcast rival Tegna, an apparent reversal from earlier criticism of the deal.
“We need more competition against THE ENEMY, the Fake News National TV Networks,” Trump wrote on social media. “Letting Good Deals get done like Nexstar – Tegna will help knock out the Fake News because there will be more competition. … GET THAT DEAL DONE.”
The acquisition, which Nexstar announced in August and requires regulatory approval...