Trump pours cold water on proposed FCC rule change that would allow Nexstar and Sinclair acquisitions

Core Viewpoint - Nexstar and Sinclair's stock prices declined following President Trump's opposition to the FCC chairman's proposal to eliminate the cap on TV-station ownership, which Trump argued would negatively impact Republicans [1] Company Impact - Nexstar and Sinclair experienced a drop in their stock values as a direct response to the political commentary from President Trump regarding FCC regulations [1] Industry Context - The potential removal of the cap on TV-station ownership is a significant regulatory issue that could reshape the broadcasting landscape, with implications for media consolidation and political influence [1]