California Atty. Gen. Rob Bonta is asking a judge to unravel Nexstar Media Group’s $6.2-billion acquisition of rival TV station owner Tegna — the latest in a flurry of merger twists. Nexstar announced late Thursday that it had consummated the Tegna takeover — despite a lawsuit that Bonta and seven other Democratic state attorneys general…
A group of attorneys general are taking legal action to block Nexstar Media Group’s proposed $6.2 billion acquisition of Tegna’s TV stations, calling the deal bad for consumer cable bills and local journalism. A lawsuit filed Wednesday in U.S. District Court in Sacramento says the proposed deal by eight state law enforcers including California Atty….
California and six other states filed suit to block Nexstar‘s merger with Tegna, a transaction that will create a broadcast station giant. The $6.2 billion transaction would give the combined company 265 stations covering 80% of the country. Attorney General Rob Bonta said in a statement, “This merger would cause incredibly high levels of concentration…
