Nexstar CEO reveals merger with Tegna that would reshape local media landscape
The proposed merger would result in Nexstar controlling 265 local TV stations across 44 states and Washington, D.C., reaching approximately 80 percent of American households, far exceeding the current 39 percent ownership limit.
Nexstar CEO Perry Sook praised the Trump administration's initiatives, expressing confidence that the Federal Communications Commission would loosen regulatory limits to approve the deal, despite existing restrictions.
Public interest groups and local reporters have raised alarms, warning that such extensive media consolidation could harm competition and negatively impact the quality and independence of local news.
The merger, anticipated for the second half of 2026, is not yet finalized and faces a competing offer from Sinclair, the nation's second-largest local TV broadcaster, which has also bid to merge with Tegna.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
24 minutes ago
- Reuters
Hertz, Amazon Autos partner to sell used vehicles online
Aug 20 (Reuters) - Car rental company Hertz Global Holdings (HTZ.O), opens new tab said on Wednesday its car sales unit was partnering with Amazon's (AMZN.O), opens new tab automotive retail platform, Amazon Autos, to sell pre-owned vehicles online.
Reuters
24 minutes ago
- Reuters
Analog Devices forecasts upbeat results on strong industrial demand
Aug 20 (Reuters) - Analog Devices (ADI.O), opens new tab forecast fourth-quarter revenue above analysts' expectations on Wednesday, as the company anticipates stable demand for its products despite tariff uncertainty. The chipmaker has benefited from increased demand in its industrial segment, resulting in healthy bookings trends and growth in its order backlog, as manufacturers pulled forward shipments amid shifting U.S. tariff policies. Shares of the Wilmington, Massachusetts-based company rose about 4% in premarket trading. The company forecast fourth-quarter revenue of $3.00 billion, plus or minus $100 million, above analysts' estimates of $2.82 billion, according to data compiled by LSEG. On an adjusted basis, the company expects fourth-quarter, profit per share to be $2.22, plus or minus 10 cents, above analysts' estimates of $2.03. "We closed the third quarter with continued backlog growth and healthy bookings trends, notably in the Industrial end market," said CEO Vincent Roche. Industrial revenue, which accounts for 45% of the company's total sales, rose 23% to $1.29 billion in the third quarter. The industrial segment focuses on providing advanced semiconductor solutions that power automation, sensing and control systems across various industries. Sales in the automotive segment grew 22% to $850.6 million for the third quarter. The company posted third-quarter revenue of $2.88 billion, above analysts' estimates of $2.77 billion.
Reuters
24 minutes ago
- Reuters
Qwoted Welcomes Investment from Mudita Venture Partners to Scale Trusted Network Connecting Journalists and Experts
NEW YORK, NY, August 20, 2025 (EZ Newswire) -- Qwoted, opens new tab, the network built for newsmakers, has received new backing from Mudita Venture Partners, an early-stage firm that supports companies with purpose. Raised as a part of a SAFE round in June 2025, the funding will support Qwoted's continued growth as it builds faster, smarter ways for journalists to find trustworthy sources and for real experts to showcase their authority and knowledge. Mudita Venture Partners, opens new tab invests in early-stage companies with big impact potential. Their backing reflects a shared belief in Qwoted's role as a network that empowers both sides of the media equation. 'Qwoted is democratizing access to the media by giving journalists an easier way to find real experts and putting credible voices front and center in the news cycle,' said Josh Linkner, managing partner at Mudita Venture Partners. 'That's the kind of structural innovation we're happy to support.' The investment comes at a time when more journalists are seeking speed, trust, and authenticity in the sourcing process. Since 2017, Qwoted has quietly become the go-to network, making that possible. With over 200,000 professionals on the platform, Qwoted is shaping a new kind of media workflow that doesn't rely on buried inboxes or unvetted replies but on authentic relationships and better tools for getting the story right. The number of reporters and expert sources in the network has grown by 45% in less than a year, reflecting both demand and trust in a better system. 'This funding allows us to scale with a focus on trust, access, and real relationships,' said Dan Simon, Qwoted's CEO and co-founder. 'We believe the newsmaking process should be more accessible, so we're building the infrastructure that helps journalists move faster, and experts show up where it counts.' Qwoted will use the funding to grow its engineering team, enhance moderation tools, and build out data and discovery features. The company will continue to build out its Media Advisory Board, strategic partnerships, and editorial initiatives, including its collaboration with Axios HQ and the rollout of its press release distribution service, to support more authentic storytelling at scale. About Qwoted Qwoted is the network for newsmakers, using innovative technology to connect journalists with PR professionals and industry experts. Trusted by hundreds of thousands of media and communications professionals, Qwoted's network offers valuable insights and tools that empower those working on tomorrow's news. For more information, visit opens new tab. About Mudita Venture Partners Mudita Venture Partners is an early-stage venture fund and advisor, primarily pursuing investments in post-revenue business-to-business software companies. The Mudita team brings decades of entrepreneurial and operational experience to help accelerate growth and mitigate risk. Mudita only pursues investments for its funds in companies it believes will have both a positive impact on the world and drive meaningful economic returns. To learn more, visit opens new tab. Media Contact Bryan ### SOURCE: Qwoted Copyright 2025 EZ Newswire See release on EZ Newswire
