US EditionUs Judge Extends Temporary Order Halting Nexstar, Tegna Merger
Judge Troy Nunley let Nexstar and Tegna handle routine business while keeping the merger on hold as he weighs a longer injunction.
- District Judge Troy Nunley extended the temporary restraining order on the $6.2 billion Nexstar Media Group and Tegna merger for one week on Friday, delaying the transaction while he prepares a ruling on whether a longer block is needed.
- Eight state attorneys general and DirecTV sued to block the merger, arguing that the combination would harm local journalism and raise consumer prices, prompting the court to halt the transaction until their antitrust lawsuit is resolved.
- Nunley granted the initial 14-day temporary restraining order on March 27, concluding that DirecTV has established a "likelihood of success on the merits" of its antitrust claim against the merger.
- The court modified the order to allow both companies to take "reasonable steps" for regular business matters like debt reporting, while still prohibiting Nexstar from installing new company employees or officers.
- If finalized, the deal would create a broadcast giant owning 265 television stations in 44 states and the District and Columbia, most of them Big Four affiliates including ABC, CBS, Fox, and NBC.
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30 Articles
Federal Judge extends temporary restraining order slowing Tegna-Nexstar merger another week
A federal judge in California on Friday extended a temporary restraining order that keeps Nexstar Media group separate from Tegna Inc. for another week, as he weighs a possible injunction that would keep the two companies apart while an antitrust lawsuit proceeds. Lawyers for eight states and DirecTV are asking Chief U.S. District Judge Troy A. Nunley to allow their combined antitrust suit against Nexstar Media Group and Tegna Inc. to continue, …
A Judge Again Blocks a Massive Merger of ABC, CBS, FOX, & NBC Locals After a DIRECTV Lawsuit
A federal judge has once again blocked a sweeping proposed merger involving hundreds of local television stations affiliated with ABC, CBS, FOX, and NBC. This comes a week after the same judge blocked the merger last week. The ruling on April 10 came from Chief U.S. District Judge Troy L. Nunley, who extended the emergency […] The post A Judge Again Blocks a Massive Merger of ABC, CBS, FOX, & NBC Locals After a DIRECTV Lawsuit appeared first on …
Federal judge extends restraining order on $6.2B merger of owners of Denver’s Fox31 and 9News
A federal judge on Friday extended an emergency restraining order on a $6.2 billion merger between Nexstar Media Group and Tegna for one week while he decides whether a longer block on the deal is needed.
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