U.S. President Donald Trump on Saturday publicly backed a proposed merger between local television station operator Nexstar Media NXST.O and its smaller rival Tegna TGNA.N.
“We need more competition against THE ENEMY, the Fake News National TV Networks,” Trump wrote in a social media post. “GET THAT DEAL DONE!”
Nexstar last year proposed a $3.54 billion acquisition of Tegna that would make the combined entity the largest U.S. regional TV
