A Federal Judge Leaves an Order Blocking Nexstar's Massive Merger of Local ABC, CBS, FOX, & NBC Stations
The judge said Nexstar must keep Tegna operating separately while he weighs antitrust claims from states and DirecTV.
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10 Articles
A Federal Judge Leaves an Order Blocking Nexstar's Massive Merger of Local ABC, CBS, FOX, & NBC Stations
A federal judge has upheld an injunction for now blocking the completed acquisition of Tegna Inc. by Nexstar Media Group, preventing the full integration of hundreds of local television stations affiliated with ABC, CBS, FOX, and NBC in a $6.2 billion deal. The decision by Judge Nunley leaves the massive merger in legal limbo for […] The post A Federal Judge Leaves an Order Blocking Nexstar’s Massive Merger of Local ABC, CBS, FOX, & NBC Stations…
Nexstar asks states, including Colorado, for $150M bond to cover damages from order slowing merger with Tegna
Allowing the $6.2 billion tie up of Nexstar Media Group and Tegna Inc. to proceed is bad for competition and bad for local journalism, lawyers for eight states and DirecTV argued in court Tuesday, as they asked for an antitrust case to proceed that would stop the megamerger. But putting the toothpaste back in the tube nearly three weeks after closing on the deal would be costly for the TV giant, costs Nexstar wants passed along to those fightin…
Federal judge delays order on injunction in Nexstar-TEGNA merger lawsuit
Nexstar CEO Perry Sook attends a hearing in an antitrust lawsuit challenging his company’s acquisition of TEGNA. (Photo by Matthew Keys for The Desk) A federal judge in Sacramento has postponed a ruling on a temporary injunction in a lawsuit filed by DIRECTV and several state attorneys general challenging Nexstar Media Group’s $6.2 billion acquisition of peer broadcaster TEGNA. During a three-hour court hearing on Tuesday, Judge Troy Nunley of t…
Nexstar-Tegna mega-merger takes aim at Indy's shrinking TV news market
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