A federal judge has blocked a $6.2 billion merger of local television giants Nexstar Media Group and rival Tegna until an antitrust lawsuit is resolved. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. U.S. District Court Chief Judge Troy L. Nunley in Sacramento, California, made the ruling late … Read more
The states have previously argued the deal would result in too much concentration in some local TV markets. Source link
California and seven other states filed an emergency motion on Friday to stop the merger of broadcasting companies Nexstar and Tegna, a corporate tie-up that would create the country’s largest operator of local television stations. The eight attorneys general filed the motion for a temporary restraining order less than a day after the Federal Communications … Read more
President Trump reversed course on Saturday and appeared to endorse Nexstar Media Group’s $6.2 billion purchase of its rival Tegna. “We need more competition against THE ENEMY, the Fake News National TV Networks,” the president said in a post on Truth Social, adding that “good deals” like Nexstar’s purchase of Tegna will “help knock out … 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