Added 24,243 shares of Nexstar; estimated $4.73 million trade value based on quarterly average pricing. Quarter-end position value rose by $5.50 million, reflecting both additional shares and price appreciation.

The chair of the Federal Communications Commission said Wednesday he supports Nexstar's proposed $3.54 billion acquisition of Tegna that would make the combined entity the largest U.S. regional TV station operator.

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group to participate in the 2026 Morgan Stanley TMT Conference and the Deutsche Bank Media, Internet and Telecom Conference in March.

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A significant FCC rule change is needed for the deal to go through, and opponents say that requires an act of Congress. Trump initially opposed the deal but now says he is for it.

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He now supports the merger, which would add to media competition.

President Trump reversed his opposition to Nexstar's $6.2 billion acquisition of Tegna, urging the deal to be completed on Truth Social.

Donald Trump gave his endorsement to Nexstar's proposed merger with Tegna, a transaction that would create a broadcast giant reaching 80% of TV households. On Truth Social, Trump wrote, “We need more competition against THE ENEMY, the Fake News National TV Networks.