STEVE FORBES: Regulators risk destroying local TV by blocking key media merger
Steve Forbes argues that regulators risk harming local television by blocking the Nexstar-Tegna merger, which he views as a necessary step for local broadcasters to survive in a competitive media landscape. He contends that outdated regulatory thinking fails to account for the current realities facing local news, including competition from Big Tech and declining ad revenue. Forbes believes the merger would provide the scale and resources needed to sustain quality local journalism.
- ▪The Nexstar-Tegna merger would combine two major owners of local television stations.
- ▪Forbes argues that local broadcasters are under threat from Big Tech, streaming services, and declining advertising revenue.
- ▪Nexstar claims the merger would enhance local journalism through greater resources, technology, and programming capabilities.
- ▪Several state attorneys general and DirecTV have opposed the deal, citing concerns about market concentration.
- ▪Forbes dismisses these concerns as based on outdated regulatory frameworks from the 1950s and 1980s.
Opening excerpt (first ~120 words) tap to expand
Opinion STEVE FORBES: Regulators risk destroying local TV by blocking key media merger Washington should not cling to yesterday’s rulebook while today’s local newsrooms vanish By Steve Forbes Fox News Published May 4, 2026 9:00am EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video FCC chairman climbs 2,000-foot broadcast tower FOX Business' Darren Botelho interviews FCC Chairman Brendan Carr at the top of a 2,000-foot broadcast tower in North Carolina, celebrating America's telecom workers. NEWYou can now listen to Fox News articles! The Nexstar-Tegna transaction is exactly the kind of pro-growth, common-sense deal Washington should applaud, not bury under a mountain of legal briefs, bureaucratic nostrums and political posturing.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Latest & Breaking News on Fox News.
Discussion
0 commentsMore from Latest & Breaking News on Fox News
