Five more states are joining a federal antitrust lawsuit aimed at stopping the blockbuster merger between Nexstar and Tegna, a corporate tie-up that would create the largest operator of local television stations in the nation. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. California Attorney General Rob Bonta, … Read more
The Federal Communications Commission has signed off on broadcast station owner Nexstar’s $6.2 billion deal to acquire rival company Tegna, a merger that would create the largest operator of local television stations in the country. In a news release Thursday, FCC Chairman Brendan Carr said the agency waived a rule that bars a single company … Read more
California, New York and six other states filed a lawsuit late Wednesday seeking to block television station owner Nexstar’s proposed $6.2 billion takeover of rival company Tegna, arguing the tie-up violates federal antitrust laws. “When broadcast media is owned by a handful of companies, we get fewer voices, less competition, and communities lose the critical … Read more