Forbes Warns Regulators' Blockade Could Destroy Local TV By Blocking Key Media Merger

Regulators risk destroying local TV by blocking key media merger, according to Steve Forbes, who believes the Nexstar-Tegna transaction is a pro-growth deal that should be applauded. However, Washington regulators are instead burying it under a mountain of legal briefs and bureaucratic red tape. This approach may hinder the ability of local stations to thrive in a rapidly changing media landscape. The proposed merger would have strengthened the industry's ability to compete with larger media conglomerates.