Nexstar’s $6.2 billion acquisition of rival TV station group owner Tegna is on hold after a federal judge ruled that the proposed merger “is presumed likely to violate antitrust laws based on the combined firm market share alone.” The deal would augment Nexstar, already the biggest TV station group in the U.S., with Tegna’s footprint…
DirecTV on Thursday filed a federal antitrust alleging that the proposed $6.2 billion Nexstar Media deal to buy rival Tegna violates the federal antitrust laws — and would significantly harm consumers. The pay-TV provider’s suit, filed in the U.S. District Court for the Eastern District of California, Sacramento Division, follows a multistate lawsuit filed in…
Nexstar Media‘s proposed $6.2 billion takeover of local TV station rival Tegna is being challenged in court by eight state attorneys general, who argue that the merger represents an illegal consolidation of broadcasters that would raise prices for pay-TV customers and “degrade” local news coverage in communities nationwide. Nexstar is the U.S.’s biggest local TV…
