Nexstar CEO Perry Sook says the company is “highly engaged” in active discussions with the Department of Justice and Federal Communications Commission as they review its proposed $6.2 billion merger with rival Tegna.
FCC chairman Brendan Carr and President Donald Trump have both expressed support for the deal. Its completion is dependent upon raising or eliminating the 39% national TV ownership cap, which limits how many TV stations at single entity can own. The cap was put in place by Congress in 2004 to ensure viewpoint diversity and prevent monopolization.
“Certainly having the endorsement of the nation’s chief executive doesn’t hurt in the regulatory agencies,” Sook told a Morgan Stanley investor…
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
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