Washington, March 20 -- Congressman Joe Neguse issued the following press release:
Congressman Joe Neguse and Senator Michael Bennet issued the following statement after the Federal Communications Commission (FCC) approved the $6.2 billion Nexstar Media-Tegna merger. FCC Chairman Brendan Carr said the agency would "waive (https://docs.fcc.gov/public/attachments/DOC-419971A1.pdf)" federal law and the national broadcast ownership cap to give the combined entity coverage of at least 60% of households across the country.
Currently, federal law, specifically mandated by Congress in 2004, restricts any single company from owning TV stations reaching more than 39% of U.S. households. Violating this rule gives greater power to corporate owners t...