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…
KTLA-owner Nexstar Media Group said it has closed its deal to acquire rival Tegna’s TV stations, despite opposition from eight state attorneys general who filed a lawsuit to block the merger. The acquisition was approved by the Federal Communications Commission’s Media Bureau and the Justice Department, Irving, Texas-based Nexstar said Thursday. “This transaction is essential…
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….
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…
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…
