Federal judge blocks Nexstar - Tegna TV station merger until antitrust lawsuit is settled
Case Summary
Federal judge blocks Nexstar-Tegna TV station merger until antitrust lawsuit is settled 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. Nunley made the ruling late Friday afternoon, finding that eight attorneys general and DirecTV were likely to prevail in their legal bid to stop the merger. The deal, announced last year and approved by the Federal Communications Commission, would create a company that owns 265 television stations in 44 states and the District of Columbia, most of them local affiliates of one of the “Big Four” national networks: ABC, CBS, Fox and NBC. Both companies own and operate local news stations in Sacramento.
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1 eventFederal judge blocks Nexstar - Tegna TV station merger until antitrust lawsuit is settled
Federal judge blocks Nexstar-Tegna TV station merger until antitrust lawsuit is settled 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. Nunley made the ruling late Friday afternoon, finding that eight attorneys general and DirecTV were likely to prevail in their legal bid to stop the merger. The deal, announced last year and approved by the Federal Communications Commission, would create a company that owns 265 television stations in 44 states and the District of Columbia, most of them local affiliates of one of the “Big Four” national networks: ABC, CBS, Fox and NBC. Both companies own and operate local news stations in Sacramento.