Elizabeth Warren Takes Aim at TV Merger Linked to Jimmy Kimmel Controversy: Details from Her Letter to DOJ and FCC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2025
0mins
Source: Benzinga
Warren's Opposition to Nexstar-Tegna Merger: Senator Elizabeth Warren and other Congress members have urged the FCC and DOJ to scrutinize and potentially block the merger between Nexstar Media Group and Tegna, citing concerns over job losses, increased costs, and harm to local journalism.
Concerns Over Market Dominance: The proposed merger would allow Nexstar to double its audience reach to 80% of TV households, raising antitrust concerns and exceeding the current 39% national ownership cap for local television.
Public Hearings Requested: The letter from Warren calls for public hearings to assess how the merger would benefit the public rather than just shareholders, emphasizing the need for competition in the media landscape.
Warren's Broader Antitrust Stance: Warren has also opposed other media mergers, including the buyout of Warner Bros. Discovery by Paramount Skydance, highlighting the potential for increased streaming prices and the influence of foreign money in such deals.
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Analyst Views on WBD
Wall Street analysts forecast WBD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WBD is 24.98 USD with a low forecast of 14.75 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
5 Buy
9 Hold
0 Sell
Moderate Buy
Current: 27.980
Low
14.75
Averages
24.98
High
30.00
Current: 27.980
Low
14.75
Averages
24.98
High
30.00
About WBD
Warner Bros. Discovery, Inc. is a global media and entertainment company that creates and distributes a portfolio of branded content across television, film, streaming and gaming. The Company's segments include Studios, Networks and DTC. Studios segment primarily consists of the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to its networks/DTC services as well as third parties, distribution of its films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market, and others. Networks segment primarily consists of its domestic and international television networks. DTC segment primarily consists of its premium pay-TV and streaming services. Its brands and products include Discovery Channel, Max, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Warner Bros., and Cartoon Network.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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