Nexstar CEO Sook: Having Trump's Support for TEGNA Deal 'Doesn’t Hurt in the Regulatory Agencies'
Sook Remains Confident Deal Will Close Before July and DOJ Will Embrace a Video Market Definition That Goes Beyond Just TV Stations
Merger: Nexstar CEO Perry Sook said Wednesday the company remains in “active discussions with both the FCC and the DOJ about his $6.2 billion TEGNA merger. “I would say certainly having the endorsement of the nation’s chief executive doesn’t hurt in the regulatory agencies,” Sook said at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco. Trump backed the deal on Feb. 7 in a Truth Social post. “Those that are opposed don’t fully understand how good the concept of this Deal is for them, but they will in the future. GET THAT DEAL DONE! PRESIDENT DJT,” Trump said. FCC Chairman Brendan Carr publicly endorsed the transaction a little later.
