Trump Endorses $6.2B Nexstar-Tegna Merger to Combat Fake News

Donald Trump endorsed the $6.2 billion merger between Nexstar Media Group and Tegna to foster competition against national television networks.The proposed acquisition would create a media giant reaching 80% of households in the USA, requiring the Federal Communications Commission to waive existing ownership limits.While Federal Communications Commission Chairman Brendan Carr supports the move, Newsmax CEO Chris Ruddy plans to testify against the deal to prevent further media consolidation.