Threat of Media Monopoly in the US: Nexstar-Tegna Merger Exceeds 39% Limit
Nexstar-Tegna merger in the US media market - The Federal Communications Commission (FCC) of the United States has approved Nexstar's $6.2 billion acquisition of Tegna. This decision not only paves the way for significant changes in the US local television market but also fundamentally shakes existing rules on media ownership.
Following this merger, Nexstar's television ownership share will significantly exceed the 39 percent upper limit. This figure is one of the key principles established by regulatory bodies to ensure competition in media markets. Critics emphasize that this move will reduce local news diversity and accelerate media consolidation.
Shortly after the FCC's approval, eight states, including Oregon, immediately filed a lawsuit to prevent the merger. The states argue that this merger will severely harm competition and create more limited choices for consumers.
Experts note that such large mergers can negatively impact the quality and independence of local news broadcasting. The merger of two major television stations in cities like Knoxville is presented as an example of further centralization of broadcasting power.
The approval of this merger is also seen as an indicator of the softening of regulatory policy during the "Trump FCC" era. This decision will have long-term consequences for the US media landscape and could set a precedent for future media ownership policies.