I'll just put my two cents in.
The misanthropic read—the honest one—is that this isn’t some grand betrayal of the public trust. It’s a system behaving exactly as designed. Maximize shareholder value, minimize cost, maintain the illusion of service. If local journalism was truly indispensable to the public at scale, it would have found a sustainable model by now. Instead, it survives in pockets—nonprofits, independents, the occasional stubborn newsroom—while the bulk of the industry becomes a content distribution network with a nostalgic costume.
So, the Nexstar / Tegna deal isn’t a shocking turning point. It’s just another mile marker on a road we’ve been on for years, decades even. Fewer owners. Thinner newsrooms. Louder branding about “serving communities” paired with quieter layoffs and more syndicated filler.
And the punchline? Most people won’t notice. Not really. The broadcasts will still look like news. The graphics will still spin and be flashy (or not). The anchors will still smile with that practiced urgency. The difference—the slow erosion of actual local accountability—doesn’t announce itself. It just… accumulates.
Until one day, something really important happens in a town, and there’s nobody left to cover it who actually lives there.
But hey—great margins.