Trump Backs Television Broadcaster Nexstar’s Bid for Tegna (3)

President Donald Trump backed television broadcaster Nexstar Media Group’s proposed $3.5 billion acquisition of Tegna Inc., reversing his earlier opposition to the idea and saying it would be good for competition.

“Letting Good Deals get done like Nexstar - Tegna will help knock out the Fake News because there will be more competition, and at a higher and more sophisticated level,” he wrote in a Truth Social post Saturday. “Those that are opposed don’t fully understand how good the concept of this Deal is for them, but they will in the future.”

The endorsement is an about-face from ...