US EditionMore States Join Legal Challenge to Nexstar, Tegna Merger
Five more attorneys general joined the antitrust challenge as Nexstar said the $6.2 billion deal would reach 80% of U.S. households.
- Five additional states joined an antitrust lawsuit challenging the $6.2 billion Nexstar Media Group and Tegna merger, bringing the coalition to 13 states, California Attorney General Rob Bonta announced on Thursday.
- The merger remains frozen by a federal judge's preliminary injunction after the deal would create the largest U.S. broadcast station group reaching 80% of households, exceeding the 39% federal limit on single-owner reach.
- Nexstar criticized the attorneys general as 'misguided,' arguing they are 'strangling local journalism' while claiming the real threat to local news is the 'unchecked rise of Big Tech platforms.'
- Separately, Ohio Attorney General Dave Yost reached a settlement Thursday with Nexstar mandating separate news teams and programming at WBNS-TV in Columbus and WKYC-TV in Cleveland through 2030.
- CEO Perry Sook indicated last week Nexstar plans to appeal the court's decision, with litigation expected to play out over several months while the transaction remains under a mandatory stand-still provision.
12 Articles
12 Articles
Nexstar Tegna antitrust lawsuit now bipartisan, Nexstar fires back
The antitrust lawsuit against the $6.1 billion dollar Nexstar Media Group merger with Tegna expanded Thursday, with the addition of five new states to the eight already seeking to block the megamerger. Indiana, Kansas, Massachusetts, Pennsylvania and Vermont signed on to the lawsuit turning the once all-Democratic fight into a bipartisan movement. Indiana, Kansas and Pennsylvania all have Republican attorneys general. “These aren’t Republican or…
More State Attorneys General Join Antitrust Lawsuit Against Nexstar-Tegna Merger
Five new state attorneys general – some of them Republican – have joined an antitrust lawsuit seeking to block the $6.2 billion merger of local TV station owners Nexstar and Tegna. The transaction, which technically closed March 19 after the FCC and the U.S. Department of Justice approved it, is a game-changer because it would […]
More State Attorneys General, Including Some Republicans, Join Antitrust Lawsuit Against Nexstar-Tegna Merger; Ohio Reaches Settlement
Five new state attorneys general – some of them Republican – have joined an antitrust lawsuit seeking to block the $6.2 billion merger of local TV station owners Nexstar and Tegna. The transaction, which technically closed March 19 after the FCC and the U.S. Department of Justice approved it, is a game-changer because it would…
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