Donald Trump backs Nexstar Media's move to acquire Tegna for $6.2 billion, says ‘need more competition against enemy…'

Group 1 - President Trump publicly supports Nexstar Media's acquisition of Tegna for $6.2 billion, emphasizing the need for increased competition against "fake news" networks [1][2][3] - The acquisition deal involves Nexstar acquiring all outstanding shares of Tegna at $22 per share, including Tegna's net debt and estimated transaction fees [5][6] - The merger is expected to create a local media company that is well-positioned to compete in a fragmented and rapidly evolving marketplace [6][7] Group 2 - Following Trump's endorsement, Nexstar Media's stock rose by 1.45% to $221.27, while Tegna's stock increased by 0.32% to $19.07 [8]