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NXST
New York Post
9 hrs

Nexstar facing opposition from conservatives over $6.2B merger despite sidelining Jimmy Kimmel

1. Nexstar's suspension of Kimmel is viewed as a merger strategy. 2. The $6.2 billion Tegna deal faces regulatory hurdles due to political opposition. 3. Newsmax's CEO influences GOP opposition to Nexstar's merger plans. 4. FCC Chairman Carr demands programming balance from local broadcasters. 5. Nexstar already dominates local TV market without the Tegna acquisition.

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FAQ

Why Bearish?

The regulatory challenges and resistance from media insiders suggest a declining outlook for NXST's merger prospects, negatively affecting investor sentiment.

How important is it?

The article highlights significant hurdles in Nexstar's merger that could directly impact stock performance.

Why Short Term?

The imminent review of Nexstar's operations and merger deal by the FCC will likely create volatility in the near future.

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