exstar's CEO, Perry Sook, has explicitly stated that the FCC is “refreshing the record” on national ownership caps, with a potential new order by year-end 2025.

Nexstar's CEO, Perry Sook, has indeed indicated that the FCC is "refreshing the record" on national ownership caps, with a potential new order by year-end 2025. This statement reflects the dynamic regulatory environment in which the Nexstar-Tegna merger is taking place.

1. **FCC Deregulation Momentum**: The FCC's recent actions, including the removal of the "Top Four" rule and UHF discount, have created a window of opportunity for broadcasters like Nexstar and Tegna to consolidate and expand their market reach.
2. **Potential New FCC Guidelines**: The anticipated FCC order by year-end 2025 could provide further