Nexstars

FCC approves Nexstar’s purchase of Tegna, creating broadcast giant hours after lawsuits sought to block deal

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The Federal Communication Commission announced Thursday evening that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna. The move came on the same day that attorneys general in eight states and DirecTV filed separate lawsuits seeking to block the deal, arguing that it will lead to higher prices for consumers and … Read more

FCC green-lights Nexstar’s $6.2B merger with rival TV station owner Tegna

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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