WASHINGTON, Oct 28 (Reuters) - Federal Communications
Commission chair Brendan Carr said Tuesday the commission has
made no decision on whether to lift the current cap on
television station ownership, which is necessary for Nexstar
Media ( NXST ) to merge with smaller rival Tegna ( TGNA ).
Acquiring Tegna ( TGNA ) would expand Nexstar's presence
covering 80% of TV households across key geographies.
Current FCC rules limit a company from owning broadcast
television stations that reach more than 39% of the U.S.
television audience households but stations with weaker
over-the-air signals can be partially counted against a
company's ownership cap.