FCC Approves Nexstar's $3.54 Billion Acquisition of Tegna Despite State Opposition

The FCC has approved the $3.54 billion sale of Tegna to Nexstar, despite objections from Democratic-led states. The acquisition will expand Nexstar's presence to cover 80% of US TV households. FCC Chair Brendan Carr waived a rule allowing broadcast TV station owners to reach no more than 39% of US TV households as part of the approval. Critics have accused Carr of violating free speech rights.