Everything on Media & Advertising

The FCC’s approval of the Nexstar-Tegna merger creates a media entity reaching 60% of US households, reflecting a broader trend of consolidation in structurally declining local television markets. Revenue now heavily relies on short political advertising cycles.

Impact: Reallocating marketing budgets from traditional local TV to targeted digital platforms optimizes ad spend efficiency and avoids exposure to legacy assets with aging demographics.

— from Geopolitical Shifts, AI Regulation, and Market Volatility · Pivot· Mar 24, 2026